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Business, Economy, Markets

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.

Dubai real estate market posts sales worth $248m

11 land plots valued at AED28.83 million were also transacted
By TRENDS Desk
March 8, 2022 9:30 pm
  • Mortgage deals worth $48.27 million was also recorded in Dubai
  • This was in addition to 70 gift transactions amounting to $34.5 million

Dubai’s real estate market recorded 368 sales transactions worth AED909.66 million ($247.66million) and mortgage deals of AED177.3 million ($48.27 m).

This was in addition to 70 gift transactions amounting to AED126.81 million ($34.5 m) Monday, data released by the emirate’s Land Department (DLD) showed.

The sales included 325 villas and apartments worth AED735.99 million ($200.38m), and 43 land plots worth AED173.66 million ($47.28m).

Additionally, the mortgages included 103 villas and apartments worth AED148.47 million ($40.42m) and 11 land plots valued at AED28.83 million ($7.85m).

This brought the total realty transactions of  Monday to over AED1.2 bn ($330million).

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