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Dubai’s Emaar Properties forecasts 2015 profit above market estimates

This is higher than the $916 mln average forecast for net profit this year by eight analysts

Published: Updated:

Dubai’s Emaar Properties forecast a 2015 net profit of $1.01 billion, according to a presentation at the developer’s annual shareholder meeting.

This is higher than the $916 mln average forecast for net profit this year by eight analysts, according to Thomson Reuters Eikon.

Emaar, 29 percent owned by state fund Investment Corporation of Dubai, posted an annual profit last year of $895 mln, up from $699 mln in 2013.