Dubai's Emaar Properties Q3 profit up 32 pct as home sales surge

Dubai's Emaar Properties Q3 profit up 32 pct as home sales surge:

"Dubai’s Emaar Properties , which plans to list part of its development unit, reported a 32 percent rise in third-quarter net profit on Sunday, helped by a surge in sales of residential properties. The developer, in which Dubai’s government owns a minority stake, made a net profit of 1.51 billion dirhams ($411.16 million) in the three months to Sept. 30, it said in a statement. That compares with a profit of 1.15 billion dirhams in the year-earlier period."



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