Real Heights Real Estate Broker

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Dubai: The Dubai bourse on Sunday saw slight confidence for property stock, while Abu Dhabi closed lower, dragged down by the banking sector.

Expectations of better annual results by Emaar caused late activity on the Dubai Financial Market, causing the market to close at a marginally lower level of 0.36 per cent at 1,637.78.

"Real Estate stocks did well in Dubai, closing 48 points up," Shiv Prakash, equity investment analyst at Mac Capital Advisors said, while mentioning the selective buying.

"Overall markets were down but these stocks [Emaar and Arabtec] helped the index to close near the previous opening levels," he added.

Emaar advanced 3.69 per cent to close at Dh2.25, while Arabtec went up by 3.33 per cent to end at Dh1.55. Dubai Islamic Bank rose 1.65 per cent to close at Dh1.85.