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Emaar Properties PJSC, the builder of the world’s tallest tower in Dubai, was rated “overweight” in new coverage at Morgan Stanley, citing “cheap” valuation.

A host of Indian property developers including Emaar MGF (a joint venture between Emaar Properties Emaar Properties and India's MGF Development), DLF, Unitech, and Ansal API are gearing up to launch plush housing projects in India over the next six months, where a single unit costs upwards of Rs 2 crore ($427,124), Indian daily 'The Economic Times' said on Tuesday.

Emaar Properties Emaar Properties continues to express interest in the Dh2.2 billion ($600 million) Lombok project and the "seriousness of its interest is being assessed", an Indonesian government official told Emirates 24|7.

Singapore retailer RSH Limited, controlled by Dubai-based Emaar Properties Emaar Properties , said on Monday that Peak Retail Investments, a company backed by Malaysian businessman Syed Azmin, had made a buy-out offer of about S$300 million ($218m/Dh800m).

Dubai stocks rose the most in a week as Morgan Stanley initiated Emaar Properties PJSC with an “overweight” recommendation and European stocks advanced in early trading boosted by earnings.

Emaar Properties PJSC , the builder of the world’s tallest tower in Dubai, retreated the most in more than two weeks after second-quarter profit fell short of analysts’ estimates.

Dubai’s main stock index posted its biggest decline in almost a month yesterday after disappointing earnings from two of its most valuable companies, Emaar Properties and Dubai Financial Market.

Emaar Properties PJSC , the builder of the world’s tallest tower in Dubai, reported a second-quarter profit after handing over properties to buyers.

Emaar Properties PJSC reported a second-quarter profit of 802 million dirhams after a loss of 1.285 billion dirhams in the year-earlier period, according to a company statement to the Dubai bourse today.

Marking significant gains in the company's comparative financial performance over year 2009, Emaar Properties Emaar Properties PJSC recorded half-year 2010 net operating profits of AED 1,656 million (US$ 451 million).