Buoyed by a surge in real estate activity, the Dubai Financial Market has reached its highest point in nearly eight years and extended year-to-date gains to nearly 25%.
The city-state’s bourse peaked at 4,022 on Tuesday before pulling back to 3,986 on Thursday. It's trading at the highest levels since August 2015. This year the Dubai Financial Market has outperformed the S&P 500, which is up nearly 20%, and the MSCI All Country World Index, a benchmark for global equities, which is up 16%.
