Aldar Properties, the developer behind the Abu Dhabi Grand Prix leisure project, said profits fell 43.4 per cent in the third quarter, but added that the property market has started to recover.
Net income fell to Dh429.8 million (US$117m) in the latest quarter compared to the same period last year, the company said.
Aldar also reported improving investor appetite for land and said the industry had moved past the worst of the property downturn.
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