Real estate stocks come under selling pressure in early trade on Dubai's exchange but volumes are low, suggesting investors prefer to wait until later in the day before taking up any new positions.
Deyaar slips 1.4 percent and Union Properties is down 1 percent. Around the market, only about 14 million shares have changed hands by 0730 GMT.
"Volumes are still nothing compared to what you see on a daily basis. Turnover is low, because of the uncertainty in international markets which is creating a wait-and-see scenario among regional investors," says Marwan Shurrab, vice president and chief trader at Gulfmena Alternative Investments.
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