Sign inSubscribe

Search Site

VideosInforgraphics
Sign inSubscribe
Trends banner

Business

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Dubai records real estate deals worth $1.25bn in two days

Dubai Chamber of Digital Economy attracted 69 emerging technology companies to the emirate.
By Hilal Mir
March 29, 2023 10:34 pm
  • Deals worth $490 million were recorded in Dubai on Wednesday, while $762 million in real estate transactions were recorded in Tuesday.
  • The deals on Wednesday included 526 sales transactions worth AED1.16 billion, in addition to 89 mortgage deals of AED628.25 million.

Dubai, UAE — Dubai real estate market recorded real estate deals worth AED1.8 billion ($490 million) on Wednesday, Dubai Land Department said.

The deals included 526 sales transactions worth AED1.16 billion, in addition to 89 mortgage deals of AED628.25 million, and 19 gift deals amounting to AED96.75 million.

The sales included 493 villas and apartments worth AED979.03 million, and 33 land plots worth AED179.51 million.

The mortgages included 70 villas and apartments worth AED416.91 million and 19 land plots valued at AED211.34 million.

On Tuesday, the emirate recorded real estate deals worth AED2.8 billion ($762 million), which included 504 sales transactions worth AED1.34 billion, in addition to 98 mortgage deals of AED1.26 billion, and 23 gift deals amounting to AED269.13 million.

The sales included 471 villas and apartments worth AED954.05 million, and 33 land plots worth AED382.44 million.

The mortgages included 84 villas and apartments worth AED1.15 billion and 14 land plots valued at AED112.62 million, bringing the total realty transactions of today to over AED2.8 billion.

[adinserter block="5"]

Most Read

Getting vaccinated is ‘the most patriotic thing’ to do

The Fourth of July is a sacred day in our country. A day of history, of hope, remembrance and resolve with promise and possibilities. Before me stands monuments of the…

UAE’s working mothers get extended maternity leave

The Gulf country is setting a new benchmark for supporting working mothers by doubling the mandated maternity leave to 120 days, Kathryn Martin VFS Global tell TRENDS.

Saudi Arabia to generate $150 billion in investments from its new transport policy

The government would provide thirty-five percent of the investments The rest of it, sixty-five percent, will come from the private sector Saudi Arabia expects to generate $150 billion from investments…

GCC healthcare: Transforming the region and impacting the world

PwC forecasts that AI could contribute US$320 billion to Middle Eastern economies by 2030, with healthcare predicted to see some of the largest gains relative to its current size

New-Age Growth Comes Home to the GCC

The region, fueled by ambition and massive investment, is rapidly advancing in technology and infrastructure, aiming to secure a leading role in the 4IR.

[adinserter block="4"]