MIDEAST STOCKS-UAE's visa move for investors boosts Dubai property stocks | Reuters:
"Property stocks in Dubai and Abu Dhabi rose in early Monday trading after the United Arab Emirates approved a system to grant residency visas of up to 10 years to investors and specialists. Emaar Properties rose 4 percent and DAMAC Properties climbed 1.3 percent, lifting the Dubai index by 1.3 percent. The UAE move “will surely boost the performance of the real estate sector and give comfort to the investors there and specially property owners,” said Marie Salem, director of capital markets at FFA Dubai."
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