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FINANCIAL NEWS
Dubai’s Emaar Properties reports USD105m profit in Q3
24 Oct 2012
(MENAFN) UAE’s top developer Emaar Properties said its quarterly profits dropped by 4.7 percent, as seasonal slowdown hit revenue, Reuters reported.
The company said it made USD105.34 million net profit during the third quarter, down from USD110.51 million a year earlier.
Emaar also reported USD435.5 million revenue in the July-September period, down from USD517.15 million a year ago.
Revenue from the hospitality and retail sectors tends to grow less strongly during the summer as hot weather deters inflows of tourists from some countries.
Chairman Mohamed Alabbar was upbeat on the property market’s status, as Dubai continues to recover from a real estate crash in 2009-2010.
Recurring revenue from hotels and retail businesses grew to USD789.33 million in the first nine months of 2012, Emaar said.
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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