The International Monetary Fund also said on Monday that rises in Dubai property prices had moderated, and were now less of a concern.
The lender made Dhs1.43 billion in the three months to Sept. 30.
Net profit for the first nine months rose 30 per cent to $376.3 million.
DFM made a net profit of Dhs153.5 million in the three months to Sept. 30.
The mega development, spread across six million sq metres, will include residences, integrated transportation systems, and green open parks.
Dubai International Airport also saw a growth in traffic during the first nine months in 2014, which reached 52 million compared to 49 million during the same period last year.
Third-quarter revenue rose to Dhs922 million, up 12 per cent year-on-year.
The lender made a net profit of Dhs596.8 million ($162.5 million) in the third quarter of 2014, up from Dhs473.2 million from the same period last year.
The hotel, being developed in partnership with Abu Dhabi Financial Group and real estate developer Sheffield Holdings, will be situated in Marina 101 in Dubai Marina.
The fund has warned that fiscal balances across the GCC and other Middle Eastern countries will deteriorate if the policies continue to remain unchanged.
A senior IMF official said that risks in Dubai’s real estate market seems to have decreased partly due to the measures taken by the government in limiting speculative buying.
Tasnee made a net profit of SAR243.7 million ($65 million) in the three months ending Sept. 30, up from SAR226.4 million a year ago.
The bank made a net profit of Dhs552 million ($150.3 million) in the three months to September 30, up from Dhs454 million in the corresponding period of last year.
The conglomerate said its net profit was Dhs189.1 million ($51.5 million) in the third quarter, compared with Dhs161.1 million in the same period of 2013.
Kuwait’s oil minister Ali al-Omair said that he hoped oil prices would soon stabilise at a “level that benefits producers and importers”.
The company made SAR2.67 billion during the third quarter, compared to SAR2.85 billion during the same period of the previous year
The Japanese electronics giant said that the world’s first Xperia Aquatech store in Dubai is nearing completion and will open on December 3.
SABIC chief executive Mohamed al-Mady said that population growth will push up consumption and oil prices.
Dubai’s index rose 1.8 per cent to 4,653 points as most stocks gained.
The Gate and Arc Towers development located in Shams Abu Dhabi are made up of 3533 units, of which Aldar retained over 1300 units as part of their recurring-income portfolio.
The report drew “sweeping conclusions based on a small, unrepresentative sample,” says official.
The project features a walkway and jogging track running from the Dubai Marine Beach resort up to Burj Al Arab hotel.
Part of the Emaar Square integrated community, it marks the first full fledged hotel and residence project of The Address Hotels and Resorts brand in the international market.
SABIC, which is 70 per cent state-owned, attributed the fall in profits to a drop in sales and other income, although its cost of financing was lower.
Oman has been considering ways to reform its costly and sometimes wasteful subsidy system, though reductions in spending would be politically sensitive
Big provisions for bad loans taken by Kuwaiti banks in the past few years have also limited profits distributed to shareholders.
Security sources said that at least four men threw crude fire bombs also known as Molotov cocktails at the cars, which were parked.
Sources say that Aabar Investments is unhappy with the merger talks of Malaysia’s RHB Capital Bhd with IMB Group Holdings and Malaysia Building Society Bhd (MBSB).
The private healthcare-focused firm has made four investments in the United Arab Emirates since 2009 through its $120 million fund.
The company will finance a third of the $600 million from its own resources and the remainder via local and international banks.