Mubasher: The research unit at MubasherTrade set the fair value (FV) of Emaar Properties' stock at AED 9.28 per share, implying an upside potential of 38%, according to a report.

 Emaar's current market price of AED 6.71 per share is deeply undervalued and offers an attractive risk-reward profile, the report said, adding that this price implies a “not realistic” negative value for development properties.

EMAAR's consensus price target stands at AED 11.66 per share, implying an even higher upside potential of 74%.