Emaar Properties quick to turn real estate boom into profits « ArabianMoney

Emaar Properties quick to turn real estate boom into profits « ArabianMoney:

"Emaar Properties has posted a 50 per cent surge in third quarter profits to $158 million on a 43 per cent advance in revenues to $623 million due to a tripling of off-plan real estate sales on a year ago. The Dubai Mall also saw a 24 per cent jump in footfall in the year rising to six million visitors.

Investors will doubtless be impressed by this company’s ability to translate a booming Dubai real estate market into such an instant improvement in profits. Dubai real estate selling prices and rentals have risen by the most in the world over the past 12 months, ahead of mainland China and Hong Kong."

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