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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 $517 million in realty transactions

Dubai tops the list among the world’s top luxury real estate markets.
By Hilal Mir
February 21, 2023 3:31 pm
  • These included 561 sales transactions worth AED1.7 billion, in addition to 100 mortgage deals of AED94.43 million.
  • The sales included 527 villas and apartments worth AED1.43 billion, and 34 land plots worth AED268.94 million.

Dubai, UAE — Dubai real estate market recorded real estate transactions worth AED1.9 billion ($517 million) on Monday, Dubai Land Department said.

These included 561 sales transactions worth AED1.7 billion, in addition to 100 mortgage deals of AED94.43 million, and 61 gift deals amounting to AED65.91 million.

The sales included 527 villas and apartments worth AED1.43 billion, and 34 land plots worth AED268.94 million. The mortgages included 57 villas and apartments worth AED131.13 million and 43 land plots valued at AED94.43 million.

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