Emaar Malls, a unit of Dubai’s largest listed real estate developer, Emaar Properties, reported an 169 percent increase in first quarter net income, compared with the last quarter of 2020, according to a statement the company provided to the Dubai Financial Market. The statement didn’t disclose comparative numbers for the first quarter of 2020.

Net income for the period was 318 million dirham ($87 million) and first quarter revenue reached 901 million dirham ($245 million), including 258 million dirham ($70 million) in sales contributed by Emaar Malls’ e-commerce platform Namshi, which saw strong growth in Saudi Arabia, Kuwait and other GCC countries.