Dubai Shares Gain Most in Gulf as Real Estate Rallies: Inside EM

Dubai Shares Gain Most in Gulf as Real Estate Rallies: Inside EM

(Bloomberg) --

Dubai's benchmark stock index advanced the most among Gulf peers as real estate shares extended gains.

The Dubai Financial Market General Index rose as much as 1.3%, up for a fifth day in its longest winning streak since March. The sub-index tracking Dubai-based real estate shares climbed as much as 2.4% on Sunday, touching the highest level since November 2019. Those shares are trading higher amid a residential property price rally Morgan Stanley sees lasting for years.