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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

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Dubai logs over $678m in realty transactions on Thursday

Dubai Chamber of Digital Economy attracted 69 emerging technology companies to the emirate.
By TRENDS Desk
June 16, 2023 9:01 am
  • The sales transactions consisted of 557 villas and apartments worth $449.6 million and 47 land plots worth $117.7 million
  • As for the mortgage deals, 94 villas and apartments were involved, with a value of $67.8 million, along with 12 land plots valued at $23.7 million

Dubai, UAE – Dubai witnessed 604 sales transactions totaling AED2.1 billion ($567.8 million) on Thursday in addition to 106 mortgage deals amounting to AED337.09 million ($91.5 million) and 32 gift deals amounting to AED158.95 million ($43.2 million).

The sales transactions consisted of 557 villas and apartments worth AED1.66 billion ($449.6 million) and 47 land plots worth AED433.96 million ($117.7 million).

As for the mortgage deals, 94 villas and apartments were involved, with a total value of AED249.85 million ($67.8 million), along with 12 land plots valued at AED87.24 million ($23.7 million).

Overall, the total realty transactions on that day surpassed AED2.5 billion ($678 million).

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