Emaar profits soar on tourism boom - The National

Emaar Properties reinvigorated Dubai's battered property sector with a sharp rise in earnings that underscored the emirate's tourism-driven turnaround.

The region's largest developer reported a 76 per cent increase in fourth-quarter profit after retail and hospitality revenues soared.

"We were expecting a good quarter and definitely the numbers are ahead of our expectation," said Yazan Abdeen, a fund manager at ING Investment Management.

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