Dubai developer Nakheel targets growth in recurring revenue

Mon, Jul 31, 2017 - 5:50 AM

Nakheel expanded two malls in Dubai last year, Dragon Mart and Ibn Battuta, and has other sites under development.

PHOTO: AP

Dubai

PROPERTY developer Nakheel wants recurring income to increase to more than 50 per cent of all revenue by 2021 as it opens more shopping malls in Dubai, its chairman told Reuters.

Nakheel, the developer of the palm shaped islands in the emirate, expects leasable retail space

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