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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 weeklong real estate deals worth $2.45 billion

The investments thus made will seek to generate returns benefiting both current and future generations.
  • The DLD weekly report said that 384 plots were sold for AED 2.54 billion, 1,468 apartments and villas were sold for AED 3.38 billion.
  • A total of 139 properties were granted between first-degree relatives worth AED507 million.

Dubai, UAE — A total of1,852 real estate transactions valued at more than AED 9 billion ($2.45 billion) were conducted during the week ending 24th November 2023, according to the Dubai Land Department (DLD).

The DLD weekly report said that 384 plots were sold for AED 2.54 billion, 1,468 apartments and villas were sold for AED 3.38 billion.

The top three transactions were a land in Business Bay sold for AED 140 million, followed by a land that was sold for AED 87.5 million in Wadi Al Safa 5, and a land sold for AED 55 million in Warsan Fourth in third place.

Wadi Al Safa 2 recorded the most sales transactions for this week by 130 transactions worth AED 69.37 million, followed by Saih Shuaib 1 with 43 transactions worth AED 77.09 million, and Palm Jabal Ali with 40 transactions worth AED 980.48 million.

Also read: Dubai real estate sector strengthens on investors’ confidence

The top three apartment and villa transfers included one worth AED 40.5 million in Palm Jumeirah, another worth AED 34.5 million in Palm Jumeirah, and an apartment worth AED 33 million in Al Merkadh.

The total value of mortgaged properties for the week reached AED2.97 billion. Meanwhile, 139 properties were granted between first-degree relatives worth AED507 million.

Record first half deals

Dubai’s real estate market has recorded its highest semi-annual sales figures ever, with 61,000 deals worth AED 179.34 billion ($47.8 billion) taking place in the first half of 2023, according to W Capital Real Estate Brokerage.

Read full story here: Dubai real estate market records highest ever first-half sales