OREANDA-NEWS. February 16, 2015. Dubai's Emaar Properties , builder of the world's tallest tower, reported a 14 percent rise in fourth-quarter net profit on Sunday.

The developer, in which Dubai's government owns a minority stake, made a net profit of 861 million dirhams (\\$234.5 million) in the three months to Dec. 31, Emaar said in a statement.

That compares with a profit of 756 million dirhams in the year-earlier period.

Quarterly revenue was 2.85 billion dirhams, up from 2.76 billion dirhams a year earlier.

Emaar made an annual profit of 3.29 billion dirhams in 2014. This compares with a profit of 2.57 billion dirhams in 2013.