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Real Estate Briefing - Categorized | Developers, Fund Profile, Market Moves more

Dubai property shares surge, helped by $1 bln fund plan

Posted on 28 October 2011

Shares of real-estate developers in Dubai surged amid investors’ speculation that a $1 billion fund set up by the government and Brookfield Asset Management Inc. may help boost the emirate’s property market.
Emaar Properties PJSC (EMAAR), the builder of the world’s tallest skyscraper in Dubai, jumped 4.8 percent, the most since March 13, to 2.60 dirhams. Union Properties PJSC (UPP) climbed 6.6 percent, the biggest gain since May 10, to 30.9 fils. Deyaar Development (DEYAAR) rose 3.5 percent to 23.8 fils. Each dirham has 100 fils………………………………………..Full Article: Source


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