The 2016 results – which take Nakheel’s cumulative results since 2010 to Dh19.9 billion – follow improved year-on-year performances by the company’s retail, hospitality and residential leasing businesses. UAE-based Nakheel , one of the world’s leading developers, has announced a record net profit of Dh4.96 billion for 2016 – the highest in the company’s history – up 13 per cent over Dh4.38 billion the previous year, thus indicating a stable and mature real estate sector in Dubai.