07:34 AM EDT, 08/17/2026 (MT Newswires) -- FAB Securities updated its price target on Emaar Properties (DFM:EMAAR) as it took note of the real estate developer's financial statements for the second quarter in a Monday first look note. Emaar Properties logged a 9% yearly increase in net profit to 3.67 billion Emirati dirhams, which missed FAB's 4.33 billion-dirham forecast. The growth in net profit was attributed to an increase in finance income, profit share from associates and joint ventures, as well as revenue, which rose 18.2% year over year to 11.51 billion dirhams. "We maintain our BUY rating on Emaar Properties with a revised target price of AED 17.00. Emaar Properties recorded property sales of c. AED 26.6 Bn in 1H26, reflecting a 42% YOY decline, primarily driven by UAE property sales of around AED 22.4 Bn. Revenue backlog stood at c. AED 164.9 Bn in 1H26, with UAE Development backlog reaching AED 135.7 Bn, providing strong revenue visibility over the next 4-5 years and supporting sustained earnings growth through continued project execution," analysts said.

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