The Dubai-based developer Nakheel reported a 4% rise in first-half profits, according to a bourse statement.
Earnings reached AED 2.95bn ($803mn) during the period compared to AED 2.83bn ($770mn) in the first half of 2015.
The developer delivered over 1,177 units during the first six months of this year, with its retail, residential leasing and hospitality businesses all performing strongly.
Nakheel opened Dragon Mart 2 and the first of a series of expansions at Ibn Battuta Mall, increasing the developers existing retail portfolio by 35% to 4.2 million sq ft.
The company plans to hand over more residential units to customers during the second half of 2016, starting at Azure Residences on Palm Jumeirah, with handovers at Jumeriah Park, Jumeirah Islands, Al Furjan and Warsan Village to follow.