Complex Made Simple

Year-end rally pushes Dubai developers to multi-year highs

The Dubai market index DFMGI gained 1.33 per cent higher at 3,280.39 points on Tuesday, December 24. Emaar Properties surged three per cent to hit Dhs7.57. Deyaar Development, the Islamic property giant who is behind several towers in Dubai’s Business Bay and elsewhere jumped 6.58 per cent to hit Dhs0.969. National Industries Group fell 10 per cent (limit down), closing at Dhs7.66. Some 843m shares were traded, valued at around Dhs1bn.

Gérard Al-Fil