Analysts stated that the cost of shares of property giant, Emaar, is relatively low considering its growth potential.
On Thursday, Emaar reported a first quarter profit of Dh1.52 billion, up 50.1 percent over the preceding three months and up 14 percent from one year ago, according to <i>Gulf News</i>.
At yesterday's close, Emaar shares traded below its fair value of over Dh20-Dh22 and 15.63 times its annualized 2006 earnings.
