Real estate, banks lift Dubai index

Dubai?s benchmark index closed more than two per cent higher on Wednesday, fuelled by banks and real estate shares.

Real estate shares are in the limelight as the property market will see higher growth next year and many projects are set to see light due to Expo 2020. The new initiatives on holiday homes market, doubling transfer fees on sales and mortgage caps are to fuel growth in the property market.

The index closed at 3.207.70 points.

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