Dubai-Mubasher: MubasherTrade Research (MTR) set the price target (PT) of Emaar Properties at AED 9.48, with a “Buy/Moderate Risk” rating, according to a recent report.
Emaar revenues are set to rise by a compound annual growth rate (CAGR) of 17% during 2015-2018, capitalizing on its highly profitable recurring portfolio and prime located land bank in Downtown Dubai.
The 3-year CAGR revenue growth is attributed to the company's sizeable land bank of 196 minlion sqm in the UAE and international market, in addition to presales backlog of AED 37.3 billion at end of December 2015, the report highlighted.
