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Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

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.

Dubai records $212 million worth of realty transactions on Monday

Villas and apartments accounted for bulk of the sales. (WAM)
  • The sales included 223 villas and apartments worth AED 503.64 million, and 23 land plots worth AED107.25 million.
  • The mortgages included 38 villas and apartments worth AED110.84 million and 18 land plots valued at AED40.99 million.

Dubai’s real estate market recorded 246 sales transactions worth AED610.89 million ($166 million) and mortgage deals of AED151.82 million in addition to 10 gift transactions amounting to AED17.58 million Monday, data released by the emirate’s Land Department (DLD) showed.

Local media reports said the sales covered 223 villas and apartments worth AED 503.64 million, and 23 land plots worth AED107.25 million, while the mortgages included 38 villas and apartments worth AED110.84 million and 18 land plots valued at AED40.99 million, bringing the total realty transactions of today to AED780 million.

Villa segment was expected to drive strong growth in the Dubai real estate sector during the fourth quarter as consumer and investor sentiments were up ahead of Expo 2020 Dubai, according to Zoom Property Insights (ZPI).

The Dubai-based real estate portal had said the demand for villas was expected to surge in the areas closer to the six-month-long exhibition site.

According to the ZPI, transactions for 1,400 villas worth AED3.1 billion and 2,284 villas worth AED5.4 billion were recorded in Q1 and Q2, respectively.