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DP World posts record $20bn revenue

The adjusted EBITDA rose by 6.7% to $5.5bn in 2024.

Meraas awards $544m contract

It has been awarded for construction of Design Quarter at d3

Salik 2024 net profit before taxes $348m

The toll operator's revenue increased by 6% to $626 million.

ADNIC okays 45% dividend for 2024

The company achieved its highest ever revenue and net profit.

stc net profit for 2024 $6.58bn

This is an increase of 85.7 percent over the previous year.

Abu Dhabi records $2.88 billion in real estate transactions in January

Sales transactions totaled AED6.5 billion across 1,730 deals. (WAM)
  • DARI real estate platform of the Department of Municipalities and Transport in Abu Dhabi, sales transactions totaled AED 6.5 billion across 1,730 deals.
  • Meanwhile, mortgage transactions from the beginning of the year until the end of January amounted to AED3.9 billion across 756 deals.

Abu Dhabi, UAE — Abu Dhabi’s real estate market recorded AED10.6 billion in transactions in January, totaling 2,514 property deals.

According to DARI real estate platform of the Department of Municipalities and Transport in Abu Dhabi, sales transactions totaled AED6.5 billion across 1,730 deals.

Meanwhile, mortgage transactions from the beginning of the year until the end of January amounted to AED3.9 billion across 756 deals, while usufruct transactions (long-term leasehold agreements) exceeded AED230 million across 28 properties.

Based on the platform’s data, total property sales and mortgage transactions in Abu Dhabi reached approximately AED6.1 billion, spread across 1,379 transactions as 721 property sales were recorded, totaling AED2.5 billion and 658 mortgage transactions were completed, amounting to AED3.6 billion.

The emirate continues to attract significant real estate investments thanks to its business-friendly environment and investor-centric regulations, making it an increasingly sought-after market for both local and international investors.