Dubai real estate slowly wins back investors | GulfNews.com:
"Real estate in Dubai is making a comeback of sorts — on the stock markets as well as on the property side.
The share prices of real estate companies have been outperforming the wider DFM (Dubai Financial Market) index, since it touched a low on December 20. Stocks of Emaar and Union Properties are up 43 and 46 per cent respectively, while that of the construction giant Arabtec propelled to an 82 per cent increase (before trimming some of those gains in recent days).
The activity smacks of investors rushing in to pick up bargains or driven a sense of nascent optimism starting to take hold. “There appears to be much greater optimism on the visibility of earnings as investors have realised that the pessimism had been overdone.” said Sameer Lakhani, Managing Director at Global Capital Partners, the investment firm. “It is difficult to ascertain whether the recent spurt in volumes has been concentrated among a small number of investors."
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