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‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Dubai records over $517 million in realty transactions

Dubai tops the list among the world’s top luxury real estate markets.
By Hilal Mir
February 21, 2023 3:31 pm
  • These included 561 sales transactions worth AED1.7 billion, in addition to 100 mortgage deals of AED94.43 million.
  • The sales included 527 villas and apartments worth AED1.43 billion, and 34 land plots worth AED268.94 million.

Dubai, UAE — Dubai real estate market recorded real estate transactions worth AED1.9 billion ($517 million) on Monday, Dubai Land Department said.

These included 561 sales transactions worth AED1.7 billion, in addition to 100 mortgage deals of AED94.43 million, and 61 gift deals amounting to AED65.91 million.

The sales included 527 villas and apartments worth AED1.43 billion, and 34 land plots worth AED268.94 million. The mortgages included 57 villas and apartments worth AED131.13 million and 43 land plots valued at AED94.43 million.

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