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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Dubai records $3.51 billion in weeklong real estate deals

The contract was awarded by Dubai Roads and Transport Authority.
  • A total 304 plots were sold for AED 3.53 billion, 2,744 apartments and villas were sold for AED 7.15 billion.
  • The sum of the amount of mortgaged properties for the week was 1.77 billion, with the highest being a land in Trade Center Second, mortgaged for AED 364 million.

Dubai, UAE — The real estate and properties transactions valued at 12.9 billion ($3.51 billion) in total during the week ending 15 December 2023. The sum of transactions was 3,888.

A total 304 plots were sold for AED 3.53 billion, 2,744 apartments and villas were sold for AED 7.15 billion.

 The top three transactions were a land in Palm Jumeirah sold for AED 940 million, followed by a land that was sold for AED 169.48 million in Saih Shuaib 4, and a land sold for AED 102 million in Madinat Dubai Almelaheyah in third place.

Wadi Al Safa 2 recorded the most transactions for this week by 123 sales transactions worth AED 141.81 million, followed by Al Hebiah Fourth with 31 sales transactions worth AED 815.56 million, and Madinat Hind 4 with 22 sales transactions worth AED 26.27 million in third place.

 The top three transfers for apartments and villas were an apartment was sold for AED 500 million in Palm Jumeirah, a was second in the list sold for AED 305 million in Trade Center Second, and thirdly it was a sold for AED 66 million in Al Thanayah Fourth.

The sum of the amount of mortgaged properties for the week was 1.77 billion, with the highest being a land in Trade Center Second, mortgaged for AED 364 million.

A total of 236 properties were granted between first-degree relatives worth AED 491 million. First-degree relatives comprise an individual’s parents, siblings, children, or a fully owned company by an individual.