Shares in Dubai real estate firm Deyaar rise 2.9 pct to 0.463 dirham in early trade, market's most heavily traded stock.
Stock has been rebounding for three weeks from near five-year low of 0.38 dirham hit last month; nearing major technical resistance on 200-day average, now at 0.477 dirham -- any clean break would suggest stock had turned longer-term bullish.
Company said construction of Afnan and Dania districts in its Midtown development in Dubai had been half completed, with sale of units in both districts exceeding 87 pct.
Dubai stock index rises 0.4 pct.
(Reporting by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
