UAE real estate sector Q3 profits shrink 39% | ZAWYA MENA Edition:
The ten real estate companies listed on the UAE stock exchanges achieved a decline of 39% in profits during the third quarter of 2018 compared to the same period in the prior year.
Earnings shrank to AED 2.5 billion in Q3-18 from AED 4.05 billion in Q3-17, according to the latest data contributed by Mubasher.
Listed on the Abu Dhabi Securities Exchange (ADX), real estate companies posted a decrease of 33% in profits to AED 412.4 million in Q3-18 from AED 615.03 million in Q3-17.
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