Complex Made Simple

Emaar fails to crack Dhs8

The Dubai market index DFMGI slipped by 0.15 percent to 3,467.18 points on Sunday, January 5, 2014. Emaar, as one of the most liquid shares, surged by 1.27 per cent to reach Dhs7.98. Emaar briefly rose above Dhs8, a first in the post-crisis era. Union Properties fell by 0.85 per cent to Dhs1.17. In a further sign of a rebound of the Dubai real estate market and the general economy, state-owned developer Nakheel (not listed) said it would settle in 2014 debt worth Dhs4 billion ($1.09 billion) ahead of maturity. Some 686 million shares were traded, valued at Dhs1.069 billion.

Gérard Al-Fil