Search Site

Trends banner

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 real estate deals worth $571 million on Thursday

Dubai posted real estate deals worth $571 million on Thursday.
  • The transactions included 401 sales deals worth AED1.69 billion, in addition to 77 mortgage deals of AED324.64 million.
  • The sales included 373 villas and apartments worth AED687.26 million, and 28 land plots worth AED1 billion.

Dubai, UAE—Dubai real estate market recorded realty transactions worth AED2.1 billion ($571 million) on Thursday, Dubai Land Department said.

The transactions included 401 sales deals worth AED1.69 billion, in addition to 77 mortgage deals of AED324.64 million, and 13 gifts deals amounting to AED132.47 million on Thursday.

The sales included 373 villas and apartments worth AED687.26 million, and 28 land plots worth AED1 billion, while mortgages included 51 villas and apartments worth AED81.37 million and 26 land plots valued at AED243.28 million.

The market recorded realty deals worth AED1.5 billion ($408 million) on Tuesday. The deals included 469 sales transactions worth AED1.29 billion, in addition to 77 mortgage deals of AED190.01 million, and eight gifts deals amounting to AED26.82 million.

The sales included 438 villas and apartments worth AED976.46 million, and 31 land plots worth AED318.01 million, while mortgages included 47 villas and apartments worth AED109.29 million and 30 land plots valued at AED80.72 million.

On Monday, 445 sales transactions worth US$321 million (AED1.18 billion), in addition to 68 mortgage deals of $121 million (AED445.38 million) and 37 gifts deals amounting to $16 million (AED61.34 million) were recorded.

The sales included 423 villas and apartments worth $266 million (AED977.17 million) and 22 land plots worth $55 million (AED203.92 million).

While mortgages included 57 villas and apartments worth $50 million (AED184.33 million) and 11 land plots valued at $71 million (AED261.05 million), bringing the total realty transactions on Monday to over $435 million (AED1.6 billion).