Dubai's largest developer Emaar Properties on Sunday said its second-quarter net profit had more than doubled.
The builder of the world's tallest tower, Burj Khalifa, made a net profit of 614 million dirhams ($167.17 million) in the three months to June 30, up from 250 million dirhams in the year-earlier period, Emaar said in a statement.
This beat the forecasts of three analysts polled by Reuters, who on average expected Emaar would make a net profit of 516.33 million dirhams.
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