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Business, Economy

‘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 logs over $871m in realty transactions on Thursday

The mortgages included 104 villas and apartments worth US$48 million. (WAM)
By Hilal Mir
July 6, 2023 11:51 pm
  • DLD said 134 mortgage deals totaling US$73 million and 89 gift deals amounting to US$27 million.
  • The sales included 567 villas and apartments worth US501 million and land plots worth US$294 million.

DUBAI, UAE  – Dubai’s real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released by Dubai’s Land Department (DLD) showed.

DLD said 134 mortgage deals totaling US$73 million (AED268.19 million), and 89 gift deals amounting to US$27 million (AED101.47 million).

The sales included 567 villas and apartments worth US501 million (AED1.84 billion), and 102 land plots worth US$294 million (AED1.08 billion).

The mortgages included 104 villas and apartments worth AED177.39 million and 30 land plots valued at AED90.8 million, bringing the total realty transactions of today to over AED3.2 billion.

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