Real estate lifts Dubai, other Gulf markets muted

Dubai stocks outperformed their Gulf peers on Wednesday buoyed by real estate shares, while most other markets were quiet ahead of corporate earnings announcements expected to accelerate from next week. The Dubai index rose 1% with Emaar Properties , its largest listed developer, adding 2.4%, while Dubai Islamic Bank was up 1%. Emaar Properties has been rising since Monday after its Egyptian subsidiary Emaar Misr Development initially agreed with El Nasr Housing and Development to settle a dispute on Uptown Cairo land. In Qatar, the index increased 0.1% with Qatar National Bank gaining 1.1% and Qatar Gas Transport rising 0.9% ahead of their first-half earnings scheduled later on Wednesday