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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

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

Dubai records over US$435m in realty transactions 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
October 10, 2022 11:42 pm
  • Dubai real estate market recorded 445 sales transactions worth $321 million.
  • The market witnessed 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million.

DUBAI, UAE – Dubai real estate market recorded 445 sales transactions worth US$321 million (AED1.18 billion), in addition to 68 mortgage deals of $121 million (AED445.38 million) and 37 gifts deals amounting to $16 million (AED61.34 million) on Monday, data released by Dubai’s Land Department (DLD) showed.

The sales included 423 villas and apartments worth $266 million (AED977.17 million) and 22 land plots worth $55 million (AED203.92 million).

While mortgages included 57 villas and apartments worth $50 million (AED184.33 million) and 11 land plots valued at $71 million (AED261.05 million), bringing the total realty transactions on Monday to over $435 million (AED1.6 billion).

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