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Business

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

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Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

Dubai real estate market records deals worth $408 million

By Hilal Mir
January 24, 2023 9:59 pm
  • The deals included 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million.
  • The sales included 440 villas and apartments worth AED902.79 million, and 80 land plots worth AED321.11 million.

Dubai, UAE–Dubai real estate market recorded deals worth AED1.5 billion ($408 million) on Tuesday, Dubai Land Department said.

The deals included 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million.

The sales included 440 villas and apartments worth AED902.79 million, and 80 land plots worth AED321.11 million.

The mortgages included 63 villas and apartments worth AED187.39 million and 9 land plots valued at AED29.41 million.

Last year, Dubai real estate sector witnessed strong performance. Watch this video explainer: Dubai realty sector posts record sales in 2022

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