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Business, Economy

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

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Dubai records over US$1.2bn in realty transactions

Dubai Chamber of Digital Economy attracted 69 emerging technology companies to the emirate.
By TRENDS Desk
June 21, 2023 12:36 am
  • The market also recorded 130 mortgage deals totaling US$732 million and 21 gift deals amounting to US$59.5 million.
  • The sales included 566 villas and apartments worth US$394 million and 72 land plots worth US$109 million.

DUBAI, UAE – Dubai’s real estate market recorded 638 sales transactions worth US$503 million (AED1.85 billion) on Tuesday, data released by Dubai’s Land Department (DLD) showed.

The market also recorded 130 mortgage deals totaling US$732 million (AED2.69 billion), and 21 gift deals amounting to US$59.5 million (AED218.56 million).

The sales included 566 villas and apartments worth US$394 million (AED1.45 billion), and 72 land plots worth US$109 million (AED401.74 million).

The mortgages included 106 villas and apartments worth US$648 million (AED2.38 billion) and 24 land plots valued at US$84 million (AED310.33 million), bringing the total realty transactions on Tuesday to over US$1.2 billion (AED4.7 billion).

On Monday, the real estate market recorded 691 sales transactions worth AED1.56 billion.

The market recorded 123 mortgage deals of AED529.53 million, and 25 gift deals amounting to AED434.36 million on Monday, DLD data added.

The sales included 646 villas and apartments worth AED1.34 billion, and 45 land plots worth AED213.34 million.

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