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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.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

24 Dubai real-estate projects worth $1.22bn completed in H1

Real Estate activities grew by 7.8 percent, while financial and insurance activities expanded by 5.9 percent. (WAM)
  • This momentum is part of a wider growth trajectory, with 726 projects currently under construction across the emirate.
  • Dubai’s real estate market registered 90,337 new real estate units during the first half of the year.

Dubai, UAE — The first half of 2025 saw the completion of 24 real estate projects valued at AED 4.5 billion ($1.22 billion), according to data from the Dubai Land Department (DLD).

This momentum is part of a wider growth trajectory, with 726 projects currently under construction across the emirate, underscoring sustained demand from both developers and investors.

The surge in ongoing development also indicates the accelerated pace of project delivery to meet rising demand for standalone units and integrated residential communities.

Dubai’s real estate market registered 90,337 new real estate units during the first half of the year.

In H1 2025, 75,347 real estate units were sold valued at AED151 billion, highlighting the sustained momentum in residential property transactions, supported by investors’ confidence in the market’s long-term prospects.

Keeping with this trend, villa sales demonstrated strong performance, with 7,167 villas sold for over AED28 billion, reflecting a considered shift in buyer preferences toward standalone units and fully integrated residential communities.

In the rental market, 465,738 lease contracts were registered during H1 2025, a slight increase from 462,657 in the same period of 2024, representing a rise of under 1 percent.

The total value of lease contracts reached approximately AED42 billion in H1 2025, reflecting a 5 percent increase compared to the same period in 2024. New lease contracts saw a 7 percent rise, reaching 232,928, up from 217,101 in the same period last year.