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FINANCIAL NEWS
Dubai’s Emaar reports USD139m profit in Q4
31 Jan 2013
(MENAFN) Dubai-based Emaar Properties reported a 28 percent decline in quarterly profits on higher expenses related to the re-launch of stalled projects in the emirate, Reuters reported.
The developer behind the world’s tallest tower, the Burj Khalifa, said it made USD139.39 million net profit during the fourth quarter ended in December, down from USD195 million a year earlier.
The company also reported a 20 percent increase in quarterly revenue to USD734.89 million from USD598.8 million a year ago.
Cost of revenues hit USD408.3 million for the quarter from USD264 million over the same period in the previous year, the company said.
The developer said more than 80 percent of its projects launched last year have been sold.
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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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