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HSBC says Dubai property recovery to spur 27pct surge for Emaar

Posted on 08 February 2013

Dubai’s economic and real estate recovery will probably boost Emaar Properties PJSC’s share price by 27 percent to the highest since 2008 as apartment sales pick up amid increasing demand, HSBC Holdings Plc said.
The “Dubai rebound is real,” HSBC said in the note, maintaining its overweight recommendation on the stock. “We expect Emaar to continue performing well on the back of strong Dubai real estate launches.”……………………………………….Full Article: Source


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