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Real estate rises at Dubai market

The Dubai Financial Market General Index closes 1.70 per cent to hit 4,819.86 points on Monday, August 11, obviously due to more US air force strikes on radical ISIL forces on Iraq, which threaten to overthrow the governments in Baghdad and Erbil. Positive sentiment from Asia and Europe added to the rebound mood.

Emaar added 2.70 per cent to reach AED9.96, while Union Properties climbed 3.40 per cent to end at AED2.13.

Arabtec was the most liquid stock, closing 1.70 per cent higher at AED4.28.

Twenty shares advanced, while eight declined in value.

Gérard Al-Fil