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Business, Economy

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.

Borouge to pay $660m H1 dividend

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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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