FINANCIAL NEWS

UAE’s Emaar Properties expects USD1.01b net profit in 2015

17 Apr 2015

(MENAFN) Dubai-based Emaar Properties expects an accumulated net profit of about USD1.01 billion in 2015, showing an increase over analysts’ forecasts, according to a corporate presentation, Reuters reported.

Eight analysts predicted that the developer is going to record a net profit of about USD916.23 million this year, which is a slightly contrastive result from what the developers’ corporate presentation showed.

Emaar Properties is a real estate development company located in the UAE; it is a public joint-stock company, listed on the Dubai Financial Market, and 29 percent owned by state fund Investment Corporation of Dubai.

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