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Emaar Malls PJSC

20/01/2022

GDP for the Emirates is down by about 11% for 2020; this occurs on the back of fewer tourists and expats departing. One can expect that the broader recovery will take some time. Amongst the property stocks, there are some hidden gems; Emaar Malls PJSC, the owner of Dubai Mall, is a top pick for EM investors. The stock is trading with a P/E of around 15, and it is cheap: 50% discount when compared with other emerging-market retailers.

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