Aldar Properties and Sorouh Real Estate lost 3.1 and 3.2 per cent respectively and together account for 40 per cent of all shares changing hands on the benchmark.
Aldar surged 148 per cent between February 4 and June 14 to hit a year high, but it has since fallen 30 per cent as investors cash in gains in a region-wide correction, spurred by doubts over the global economy and sliding oil prices.
Sorouh has followed the same path, falling 32 per cent in the past four weeks after making similar gains.
Abu Dhabi's benchmark fell 0.5 per cent to 2,576 points. Oil closed below $59 (Dh216.53) a barrel on Friday.
"There's little market-moving news and so the main catalyst for the region has been oil," says Matthew Wakeman, EFG-Hermes managing director for cash and equity-linked trading.
"Oil above $60 was good because it meant that all the Gulf government budgets were in surplus, but oil falling below this level will raise concerns over infrastructure spending, with oil potentially dropping to $55 or lower."
Meanwhile, Emaar Properties led early gainers on the Dubai Financial Market’s index as stocks rise following declines in four of the past five sessions.
Emaar climbed 1.7 per cent, Union Properties rose 2.4 per cent and Dubai Islamic Bank added 1.3 per cent. Dubai's index climbed 0.8 per cent to 1,694 points.
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