Emaar Properties $1.8bln profit in 2017 was before depreciation: company | ZAWYA MENA Edition

Emaar Properties $1.8bln profit in 2017 was before depreciation: company | ZAWYA MENA Edition:

"Emaar Properties' $1.8 billion estimate of its profit in 2017 was before depreciation, a spokeswoman for the company said on Saturday.

The spokeswoman was clarifying a statement on Wednesday by Emaar chairman Mohamed Alabbar, who said it made $1.8 billion in profit and close to $5 billion in sales in 2017.

The developer of the more than 160-storey Burj Khalifa, the world's tallest tower, made $1.43 billion in 2016 and reported $3.92 billion in Dubai property sales. "



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