Dubai, Asharq Al-Awsat- Emaar Properties PJSC has posted a net profit of US$ 0.469 billion for the first quarter of 2007 recording an increase of 13 per cent over first quarter 2006 results of US$ 0.413 billion.

The revenue for the first three months of the year was AED 3.904 billion (US$ 1.063 billion). Reiterating the strength of the Dubai property market, revenue for the first quarter of the year increased by 74 per cent from AED 2.239 billion (US$ 0.610 billion) in the first quarter of 2006.

Annualized Earnings per Share (EPS) for the period is AED 1.13 compared to the actual EPS of AED 1.06 for the year 2006.