Revenues from sale of apartments were AED265.6 million ($72.3 million)in the second quarter, compared with AED1.7 billion in the same period in 2010, Emaar said in a detailed financial statement posted on the Dubai bourse on Sunday. The builder of the world's largest tower, the Burj Khalifa, reported a 69 percent drop in second quarter net profit last month.Developers in Dubai are struggling after property prices in the emirate plunged by about 60 percent since its peak in 2008. Revenues from its hospitality grew to AED283.76 million from AED236.1 million, a 20 percent increase, the statement showed. Income from sale of commercial units and land rose to AED596.5 million compared with AED176.7 million in the prior year. Revenue from sale of villas also increased to AED337 million from AED54.4 million, the statement said. Emaar shares rose 2.5 percent in early trade on the Dubai stock exchange. They are down 22 percent year-to-date.