Dubai's Emaar Properties reported a 56 per cent rise in fourth-quarter net profit on Tuesday.
The developer, in which the Dubai Government owns a minority stake, made a net profit of Dh1.61 billion in the three months to December 31.
That compares with a profit of Dh1.03bn a year-earlier.
Sico Bahrain and EFG-Hermes forecast that Emaar would make a quarterly profit of Dh1.32bn and Dh1.64bn, respectively.
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Earnings reports
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■ Aldar fourth-quarter profit dips 1 per cent amid 'softer operating market'
■ Quarterly profit slips 9% for Amanat Holdings
■ Arkan Building Materials annual profit declines 25%
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■ Drake & Scull's 2016 net loss narrows to Dh787 million
■ Du fails to offset royalty payment rise as profit falls
■ Etisalat profit edges up on growing UAE revenue
■ Manazel Real Estate profit rises 16% in second half
■ Marka will continue with cost-cutting after second straight annual loss
■ Union National Bank's fourth-quarter profit rises 29%, missing forecasts
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* Reuters
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