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Dubai Shares Advance as U.A.E. Government Extends Property Visas

Dubai’s shares advanced, led by property companies, after the United Arab Emirates government extended the visa period for real-estate investors to three years from six months.

Emaar Properties PJSC, developer of the world’s tallest skyscraper, advanced 2 percent and Arabtec Holding Co., the U.A.E.’s biggest construction company by market value, rose a second day this week. The DFM General Index gained 0.6 percent, the most since June 15, to 1,516.93 at the 2 p.m. close in Dubai, trimming the loss for the month to 2.8 percent. The DFM Real Estate Index rallied 1.5 percent and Abu Dhabi’s increased 1.8 percent.