UPDATE 1-Aldar Properties Q2 profit up 7%, says Abu Dhabi sentiment up - Reuters:
Aldar Properties, the largest property developer in Abu Dhabi, on Thursday reported a 7% rise in second-quarter profit year on year, saying sentiment in the property sector had improved following reforms to real estate legislation.
The state-linked builder of Abu Dhabi’s Formula One circuit, reported a net profit of 476 million dirhams ($129.6 million) in the three months ending June 30, 2019.
That compared with a net profit of 445 million dirhams in the same period a year earlier.
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