Search Site

Trends banner

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 over US$2.6bn in weeklong real estate transactions

The total value of mortgaged properties for the week reached US$490 million.
  • A total of 3,543 real estate transactions worth over US$2.6 billion were conducted during the week ending February 9, 2024.
  • A DLD report showed that 197 plots were sold for $315 million while 2,572 apartments and villas were purchased for $1.5 billion.

DUBAI, UAE – A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the week ending February 9, 2024, according to data released by the Dubai Land Department (DLD).

The DLD report showed that 197 plots were sold for US$315 million (AED1.61 billion), while 2,572 apartments and villas were purchased for US$1.5 billion (AED5.68 billion).

The top three transactions were a land in Warsan Fourth sold for US$32 million (AED120.32 million), a land sold for US$21 million (AED78.86 million) in Al Barshaa South Third and another in Wadi Al Safa 3 sold for US$14 million (AED54 million).

Madinat Hind 4 recorded the most sales transactions for this week with 77 transactions worth US$54 million (AED199.72 million), followed by Al Hebiah Fifth with 30 transactions worth US$37 million (AED136.08 million), and Jabal Ali First with 11 transactions worth US$14 million (AED51.65 million).

The top three apartment and villa transfers included one in Island 2 for AED140.45 million, another in Jumeirah First worth AED119 million, and an apartment in Al Safouh Second worth AED80 million.

The total value of mortgaged properties for the week reached US$490 million (AED1.8 billion). Meanwhile, 135 properties were granted between first-degree relatives worth AED725 million.