Today, a report by Bloomberg News quoted some Gulf insiders as saying that the Dubai market offers greater gains, attracting the interest of many foreign fund managers.

According to the report, James Johnston, Co-Chair of Emerging Markets at RWC Partners, which oversees $ 15 billion in investments, said: We believe the UAE property market has bottomed out, and this is why we took advantage of this opportunity to redirect liquidity towards corporate stocks. Real estate because it is cheap and attractive price.

Johnston recommended keeping the shares of Emaar, noting that it has a strong cash yield in two decimal places.

He added: Dubai is a very important part of the world, as it is a hub for international companies that are still expanding in the region's markets, pointing out that Dubai is a major home for companies and an important tourist destination.

He expected real estate company returns to reach 14% this year.

Tia Jamieson, Director of Portfolios at Chang'in Global Investment, said Dubai shares are more attractive than Saudi Arabia because of the high return on investment and margin.

Morgan Stanley analysts Marina Zavuluk, Regian Yamanari and Catherine Carpenter recommended a dual upgrade to UAE shares to a strong degree in a report in February, citing signs of a possible substantial improvement in the real estate sector and a continuing momentum in the financial sector.

Analysts cited that Emaar Properties' fourth-quarter results were much better than expected, driven by a significant rally in Emaar Development, an early sign of a possible fundamental improvement.