Emaar Properties, Arab world’s largest listed developer on Thursday announced that’s its net profit is more than triple. Its net profit soared 221 per cent in the first quarter of 2010. The profit in revenue has come in from hospitality and retail business. The net profit in the first quarter tripled to Dh760 million from Dh302 million in the first quarter of 2009, surpassing even the predictions of the analyst in the first quarter. No impairments have been reported for the quarter. Emaar’s first quarter revenue of Dh2.886 billion was 87 per cent higher than the first-quarter 2009 revenue of Dh1.54 billion, a company statement said.