Emaar Properties' Rating Suspended as FAB Notes Q3 Results

10:20 AM EST, 11/13/2026 (MT Newswires) -- FAB Securities suspended its rating on Emaar Properties (DFM:EMAAR) as it took note of the Dubai-listed real estate developer's third-quarter results. Emaar Properties' net profit reached 4.62 billion Emirati dirhams in the quarter, up 5.6% year over year and above FAB's forecast of 4.06 billion dirhams, according to a first look note released Friday. Revenue rose 2.7% over the period to 13.63 billion dirhams, against the projected 12.06 billion dirhams. "The Company continues to invest in expanding its recurring income base, with Emaar reiterating its target of doubling recurring income over the next five years, supported by retail expansion and the development of its residential leasing business," the research firm said. "Additionally, Emaar is evaluating further commercial office developments across Dubai Hills, Dubai Creek Harbour and Dubai Estate, supported by healthy leasing demand. These investments are expected to enhance the contribution of recurring income and improve earnings visibility over the medium term." The company's stock was rated buy as of Aug. 17, with a price target of 17 dirhams, according to FAB's website.