One of Dubai most reputable property builder Arabtec as reported losses compared to last year.

Arabtec renowned for high quality projects in Emirates Hills and Al Barsha as well as other areas of Dubai have reported losses for 2010 indicating almost 40 % fall in net profits from the previous year.

The Firm based near to Dubai Diamond Park posted a full year net profit of 307m aed compared to results the previous year have indicated almost 40% fall in profits, the company is suffering from a downturn in the Dubai real estate markets and tightening margins due to the fall in Real estate values.

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