The Dubai Financial Market (DFM) almost lost a quarter percent, as most of the Sheikhdom's real estate and financial heavyweights weakened slightly. The DMF Index finished at 1,504.71 points. Emaar Properties (down 0.30% at Dhs3.29), Arabtec (off 0.57% at Dhs1.73) and the DFM shares (0.67% lower at Dhs1.48) themselves weighed on the market, which failed to join the American and Asian stock exchange's rebound, after aluminium giant Alcoa, a AA-rated U. S. blue chip reported better-than-expected profits for the second quarter. Despite today's real estate developers' losses there is a glimmer of hope for the sector. Real estate management company Asteco reported today, that the price of apartments, villas and commercial properties remained stable in Dubai in the second quarter of this year, compared to the previous three months.
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