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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 records over US$653m in realty transactions on Monday

The DLD report showed that 323 plots were sold for AED 3.33 billion, while 2,237 apartments and villas were purchased for AED 5.37 billion. (WAM)
By TRENDS Desk
September 5, 2022 9:15 pm
  • Dubai real estate market recorded 568 sales transactions worth US$373 million on Monday.
  • The sales included 503 villas and apartments worth US$283 million and 65 land plots worth US$88 million.

DUBAI, UAE – Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released by Dubai’s Land Department (DLD) showed.

Additionally 93 mortgage deals of $53 million ( AED197.58 million) and 23 gift deals amounting to $233 million (AED858.27 million), the DLD revealed.

The sales included 503 villas and apartments worth $283 million (AED1.04 billion) and 65 land plots worth $88 million (AED323.78 million).

Mortgages included 71 villas and apartments worth $44 million (AED164.78 million) and 22 land plots valued at $8.9 million (AED32.8 million), bringing the total realty transactions to over $653 million (AED2.4 billion).

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