Dubai: Emaar Properties reported a 15 per cent rise in first-quarter net profit on Sunday, broadly in line with analysts’ expectations. The developer made a net profit of Dh1.384 billion in the three months to March 31, it said in a statement. That compares with a profit of Dh1.205 billion in the corresponding period last year, the company said. Recurring revenue, from the likes of hotel, entertainment and shopping mall operations, contributed 39 per cent of the group revenue, Emaar said. First-quarter property sales jumped 44 per cent year on year to Dh6.049 billion, it said, with a project backlog of Dh46.245 billion to be recognised as revenue in the “next few years”.