subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily subscribe now to get the evening briefing five things matt levines money stuff balance of power and tech daily bloomberg may send me offers and promotions by submitting my information i agree to the privacy policy and terms of service sign up for our middle east newsletter and follow us middleeast for news on the region dubai’s main stock index soared to the highest level since august 2015 extending yeartodate gains and supported by a jump in propertyrelated shares the dubai financial market general index advanced as much as 2 monday after trading resumed following a fourday break joining a rally in emergingmarket stocks shares of emaar properties pjsc and emaar development pjsc led the gains in dubai along with emirates nbd bank pjsc the city’s biggest bank a relatively resilient domestic economy “is reflecting on the stock market including strength in real estate and tourism” said divye arora senior portfolio manager at daman investments home to the burj khalifa the world’s tallest building that was constructed by emaar dubai relies heavily on its real estate sector which makes up more than a third of its consumer price index having emerged from the global pandemic as an investment haven and a magnet for wealth and tourism dubai’s economy is set to grow 3 this year after an estimated 5 in 2022 and 62 the year prior according to sp global ratings dubai’s real estate market has bucked the trend of falling prices amid surging interest rates seen elsewhere sp global ratings last month upgraded emaar properties a notch higher on “strong demand and improved pricing” in the sector