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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 $762 million in realty transactions Thursday

The emirate recorded 61,000 sales real estate deals in the first half of 2023.
By Hilal Mir
January 6, 2023 4:24 pm
  • These included 516 sales transactions worth AED1.73 billion, in addition to 71 mortgage deals of AED596.74 million.
  • The sales included 455 villas and apartments worth AED1.5 billion, and 61 land plots worth AED235.09 million.

Dubai, UAE—Dubai real estate market recorded deals worth AED2.8 billion ($762 million) on Thursday, Dubai Land Department said.

These included 516 sales transactions worth AED1.73 billion, in addition to 71 mortgage deals of AED596.74 million, and 26 gift deals amounting to AED503.85 million.

The sales included 455 villas and apartments worth AED1.5 billion, and 61 land plots worth AED235.09 million. The mortgages included 63 villas and apartments worth AED537.64 million and 8 land plots valued at AED59.1 million.

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