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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Dubai records $2.17 billion in weekly real estate transactions

The DLD data showed that 204 plots were sold for AED 1.52 billion, 2,562 apartments and villas were sold for AED 5.69 billion. (WAM)
  • A total of 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion.
  • The top transactions were a land Fourth sold for AED85 million in Al Thanayah, and another sold for AED63 million in Island 2.

Dubai, UAE—A total of 2,703 real estate transactions worth AED8 billion ($2.17 billion) were conducted during the week ending 21 October, 2022, according to the Dubai Land Department (DLD).

A total of 147 plots were sold for AED1.12 billion, and 2,023 apartments and villas were purchased for AED4.79 billion.

The top transactions were a land Fourth sold for AED85 million in Al Thanayah, and another sold for AED63 million in Island 2.

Jabal Ali First recorded the most transactions for this week with 48 sales transactions worth AED151.59 million, followed by Hadaeq Sheikh Mohammed Bin Rashid with 18 sales transactions worth AED421.33 million, and Al Yufrah 2 with 11 sales transactions worth AED13 million.

The top three transfers for apartments and villas included one sold for AED955 million in Palm Jumeirah, another purchased for AED671 million in Marsa Dubai, and a third sold for AED537 million in Business Bay.

The sum of the amount of mortgaged properties for the week was AED1.72 billion, with the highest being a land in Palm Jumeirah, mortgaged for AED416 million. Meanwhile, 107 properties were granted between first-degree relatives worth AED387 million.