Brent oil futures lost 1.2 percent on Tuesday and have continued to fall in Asian trade on Wednesday; they were at $54.66 a barrel at 0524 GMT. MSCI's broadest index of Asia-Pacific shares outside Japan is down 0.3 percent.
Dubai's index, last at 3,719 points, has risen strongly in the past two days but faces major technical resistance at 3,737-38 points, the peaks in January.
United Development reported a fourth-quarter net profit of 171.4 million riyals, an 81 percent jump from the prior-year period. But the board recommended a cash dividend for the full year of 1.25 riyals, lower than the 1.5 riyals for 2015.
Advertisement(Reporting by Celine Aswad; Editing by Andrew Torchia) ((firstname.lastname@example.org)(+9715 62247653)(Reuters Messaging: email@example.com))
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