A year after delivering the Burj Khalifa, the world's tallest building, Emaar Properties has had a 79 per cent drop in home sales.
The company's net profit fell 44 per cent to Dh420 million (US$114.3m) in the first quarter compared with the same period a year ago, as the region's biggest developer felt the impact of Dubai's sagging property market. Overall revenue fell 32 per cent to Dh1.9 billion.
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