Property leads gains

15/04/2009 - Dubai Investment News
Property leads gains

Gains have been seen among property companies on Dubai's and Abu Dhabi's stock markets.

A report from the Reuters news agency notes that gains have come ahead of a real estate exhibition taking place in Abu Dhabi next week.

Chief executive of Shuaa Securities Mohammed Ali Yasin told the news agency: "Property stocks have increased on speculation over their first-quarter results." Indeed, the gains are part of an upward trend in today's trading.

Positive results could indicate continued growth in the property sector in Dubai, particularly as the emirates continue to hold appeal to individuals moving from other countries.

To this end, some property companies in Dubai are helping potential customers with their visa applications, Emirates Business 24/7 notes.

However, while varying levels of assistance may be offered, the final decision to reject or grant a visa always comes from the Dubai Naturalisation and Residency Department, the news provider highlights.