Dubai Investments doubled its third-quarter profits on its higher rental income and improvement in fair value of its investments. The company is a sovereign fund Investment Corp of Dubai and owns 11.5% stake, it posted its third-quarter advancing to AED 161.1m; up from AED 81.4m seen during the same period last year .
Dubai Investments rose to AED26.1m on its fair valuation of investments, up from its loss of AED 4.5m in the same period last year. The company’s rental income climbed to AED 14.1m from AED 115.8m, according to the company’s statement.