Dubai - Dubai's largest listed real estate company Emaar Properties on Thursday reported a better-than-expected 43 percent rise in first-quarter net profit on higher group property sales.
Net profit for the three months ended March 31 was 3.2 billion dirhams ($871.53 million). That was more than double the 1.65 billion dirhams expected by analysts, according to Refinitiv.
Group property sales rose 11 per cent to Dh9.2bn, "supported by growth in tenant sales and recovery in tourism activity", the company said.
($1 = 3.6717 UAE dirham)
