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05-01-14

Dubai's Nakheel to register 15 percent growth in annual profit

(MENAFN) Nakheel's chairman Ali Rashid Lootah said its annual profit is expected to boost by more than 15 percent this year for 2013, according to Khaleej Times. The company's profit reached USD544 million in 2012, and is expected to register USD626 million profit for 2013. Dubai's real estate market saw a significant growth that helped the property developer to earn profit growth in recent quarters.