Search Site

TAQA Q1 net income $571m

Net income fell $2.58bn due to one-off items recognized in 2023.

QatarEnergy buys stake in Egypt blocks

It did not disclose the cost of the agreement.

TSMC’s April revenue up 60%

It capitalized on huge wave of demand for chips used in AI hardware.

Etihad reports record Q1 profit

Total revenue increased by $269 million in the same period.

Aramco Q1 profit down 14.5%

Despite lower profit, it will pay $31bn in dividends to Saudi government.

Dubai records weeklong real estate transactions worth $1.71 billion

The sum of the amount of mortgaged properties for the week was AED1.74 billion.
  • A total of 250 plots were sold for AED1.12 billion, and 1,436 apartments and villas were sold for AED3.2 billion.
  • The top transactions were a land sale in Hadaeq Sheikh Mohammed Bin Rashid for AED96 million, and another plot of land that was sold for AED52.5 million in Palm Jumeirah.

About 2,145 real estate and property transactions worth AED 6.3 billion ($1.71 billion) were conducted in Dubai during the week ending 22 April, according to the Land Department of the Government of Dubai.

A total of 250 plots were sold for AED1.12 billion, and 1,436 apartments and villas were sold for AED3.2 billion, said a Land Department statement on Friday.

The top transactions were a land sale in Hadaeq Sheikh Mohammed Bin Rashid for AED96 million, and another plot of land that was sold for AED52.5 million in Palm Jumeirah.

Al Hebiah Fifth recorded the most transactions for this week with 114 sales worth AED254.57 million, followed by Jabal Ali First with 33 sales transactions worth AED143.55 million, and Wadi Al Safa 5 with 11 sales transactions worth AED49 million.

The top three apartment sales were an apartment sold for AED463 million in Marsa Dubai, another one sold for AED354 million in Burj Khalifa, and third one sold for AED284 million in Palm Jumeirah.

The sum of the amount of mortgaged properties for the week was AED1.74 billion, with the highest being a land in Nad Al Shiba Third, mortgaged for AED400 million.