Dubai’s Deyaar Development reported a 7.6 percent fall in first-quarter net profit on Thursday.
The company made a profit of 51 million dirhams ($13.89 million) in the three months to March 31, it said in a statement.
Deyaar did not state its profit for the prior-year period, but Reuters data shows the developer made a net profit of 55.2 million dirhams in the first three months of 2015.
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