Stocks listed in Dubai jumped the most in three years, led by real estate firms after Emaar Properties PJSC increased its dividend.
The Dubai Financial Market General Index gained as much as 4.4% to the highest level since October 2014, led by Emaar and its subsidiary Emaar Development PJSC, which both rose by the maximum allowed 15%. The emirate’s biggest lender — Emirates NBD Bank PJSC — also rallied to a record high. In neighboring Abu Dhabi, top developer Aldar Properties PJSC got a boost, rising 4.7%.
