Dubai's Emaar Properties recorded a 211% year-on-year profit on strong economic growth in the emirate and rising investor confidence.

Dubai's Emaar Properties reported a net profit of AED 2,568 billion in 2013, up from AED 2,568 billion in 2013.

Net profit amounted to AED 2.568 billion in 2013. This exceeds the 577 billion recorded in 2012.

<Fourth-quarter revenue was AED 752 billion, up 18 percent from the previous quarter. <Earlier this month, Emaar received an investment-grade rating for the first time in four years, as the real estate market recovers.

Residential values in Burj Khalifa, the world's tallest building, have increased by 87.5 percent since the building opened in 2006.