Emaar Quarterly Profit Rises as Dubai Property Sales Soar 70%

  • Net income of 1.21 billion dirhams meets analyst estimates
  • Company has benefited from cost cuts amid weakening market

Emaar Properties PJSC, the builder of the world’s tallest tower in Dubai, reported a jump in first-quarter profit after collecting payments from pre-sold projects and boosting sales in the emirate.

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