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Dubai’s Emaar Properties Forecasts 2015 Profit Above Market Estimates

Dubai’s Emaar Properties Forecasts 2015 Profit Above Market Estimates

Emaar Properties expects a 2015 net profit of Dhs3.695 billion, higher than the Dhs3.366 billion average forecast.

Dubai’s Emaar Properties forecast a 2015 net profit of Dhs3.695 billion ($1.01 billion), according to a presentation at the developer’s annual shareholder meeting.

This is higher than the Dhs3.366 billion average forecast for net profit this year by eight analysts, according to Thomson Reuters Eikon.

Emaar, 29 per cent owned by state fund Investment Corporation of Dubai, posted an annual profit last year of Dhs3.29 billion, up from Dhs2.57 billion in 2013.

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