CAIRO - Egypt's bourse hit an eight-week high after a non-violent weekend raised investors confidence on Sunday and property stocks lifted UAE markets. "We had fears something fierce would happen on Friday and nothing happened in terms of violence. Investors see it was smooth," said Omar Ascar of Cairo Capital Securities. Optimism that the government will resolve land bank issues in the real estate sector also boosted investor interest, traders said. Egypt's index . EGX30 climbed 2.5 per cent to its highest close since April 3, as the country's biggest real estate firm Talaat Moustafa soared 9.9 per cent and Palm Hills (PHDC.CA: Quote) jumped 9.7 per cent. In Dubai, Emaar Properties gained 2 per cent after its Saudi affiliate Emaar Economic City received a $1.33 billion loan from the kingdom's finance ministry to speed up construction of a project. Contractor Arabtec, which is active in Saudi Arabia, climbed 3.2 per cent.