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Feb 14 2012

* Dubai's Emaar Ppties 4Q Net Pft AED716M Vs AED274M Year Ago

Tuesday, Feb 14, 2012

(MORE TO FOLLOW) Dow Jones Newswires

14-02-12 1012GMT

* Dubai's Emaar Ppties 4Q Revs AED2.24Bln Vs AED3.83 Bln

Tuesday, Feb 14, 2012

(MORE TO FOLLOW) Dow Jones Newswires

14-02-12 1012GMT

* Dubai's Emaar Ppties FY Net Pft AED1.79 Bln Vs AED2.45 Bln Yr Ago

Tuesday, Feb 14, 2012

(MORE TO FOLLOW) Dow Jones Newswires

14-02-12 1013GMT

* Dubai's Emaar: FY Hospitality, Leisure Unit Revs Up 22% Vs Year Earlier

Tuesday, Feb 14, 2012

(MORE TO FOLLOW) Dow Jones Newswires

14-02-12 1015GMT

* Dubai's Emaar: FY Revs From Intl Ops Almost Doubles To AED1.81 Bln

Tuesday, Feb 14, 2012

(MORE TO FOLLOW) Dow Jones Newswires

14-02-12 1016GMT

* Dubai Emaar Chmn: Co Wants To Up Share Of Revs From Intl Ops In 2012

Tuesday, Feb 14, 2012

(MORE TO FOLLOW) Dow Jones Newswires

14-02-12 1017GMT

Dubai's Emaar Ppties 4Q Net Pft More Than Doubles On Intl Ops

Tuesday, Feb 14, 2012

DUBAI (Zawya Dow Jones)--Dubai-based Emaar Properties (EMAAR.DFM), the Middle East's largest home builder, said its fourth quarter net profit more-than doubled as income from international operations and revenue from its leisure and hospitality unit swelled.

Emaar , in a statement posted on the Dubai Financial Market website Tuesday, said net profit in the three months to Dec. 31 amounted to 716 million U.A.E. dirhams ($195 million), up sharply from AED274 million a year ago.

The company said that during 2011, revenue from its international operations almost doubled to AED1.81 billion, while income from its hospitality and leisure business grew by 22% over the same period.

Emaar is one of a number of local companies that has over the past couple of years sought to diversify its revenue stream away from a dependence on Dubai. The city-state's once thriving real estate sector has seen prices and rents slump since late 2008 when the global economic downturn first took hold and incoming supply remains substantial even despite numerous project cancellations and delays.

Emaar shares closed 1.4% higher at AED2.98 in a broadly positive overall market.

-By Tim Falconer, Dow Jones Newswires; +9714 446-1690; tim.falconer@dowjones.com

Copyright (c) 2011 Dow Jones & Co.

(END) Dow Jones Newswires

14-02-12 1037GMT

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