RAK Properties said its third-quarter profit more than quadrupled and revenue doubled amid a broad recovery in the UAE's property market.
Net profit for the three-month period ending September 30 surged to Dh197.9 million ($53.9m), compared with Dh40.97m in the same period last year, RAK Properties said in a statement on Saturday. Revenue jumped 139 per cent year-on-year to Dh424.37m.

“The country has numerous available investment opportunities that overcome all challenges,” Abdulaziz Al Zaabi, chairman of RAK Properties, said.