Dubai-Mubasher: Dubai real estate developer Damac Properties reported an 8% profit decline to AED 842.6 million ($229.4 million) in the fourth quarter of 2015, compared to AED 961.3 million ($261.7 million) in the same quarter of 2014, according to a bourse filing on Thursday.
In the fiscal year 2015, profits grew 29.6% to AED 4.52 billion from AED 3.48 billion in the fiscal year 2014.
