UAE. Market setback was short-lived with not enough good news in the pipeline for a break out to the upside; We prefer Russia and China in emerging markets; Watch out in case US bond yields break to the upside; Dubai's DFM has opportunity and volatility.
QATAR. Price increases may suggest a potential overheating of the real estate sector. Closer analysis, however, indicates that the increase is still within the fundamentals of Qatar's fast growing economy and rapid population growth.