Emaar Remains The Best Play on Dubai Property Recovery, Say Analysts - Middle East Real Time - WSJ:
"For a bellwether, Emaar Properties — builder of the world’s tallest tower — has done quite well for itself in the past year: reflecting Dubai’s meteoric real estate sector recovery with a 104% gain in 2013 that underpinned the stock market’s stellar performance.
On Tuesday, Emaar’s stock rallied another 6.3% to 8.24 dirhams ($2.25) – its highest closing level since early September 2008, when Dubai’s much celebrated property story went from boom to bust in the wake of the global financial crisis.
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"For a bellwether, Emaar Properties — builder of the world’s tallest tower — has done quite well for itself in the past year: reflecting Dubai’s meteoric real estate sector recovery with a 104% gain in 2013 that underpinned the stock market’s stellar performance.
On Tuesday, Emaar’s stock rallied another 6.3% to 8.24 dirhams ($2.25) – its highest closing level since early September 2008, when Dubai’s much celebrated property story went from boom to bust in the wake of the global financial crisis.
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