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Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Dubai realty sales: Apartment in Marsa sold for $110m

  • 88 plots of land sold for AED 620.22 million, and 1,135 apartments and villas were sold for AED 2.27 billion
  • The highest number of sales worth AED 66.09 million were recorded in Nad Al Shiba

DUBAI: The sale of an apartment in Marsa Dubai for AED 405 million ($110 million) was one of the 1,617 realty transactions worth AED 5.4 billion ($1.47 billion) that were transacted during the week ending July 29.

The weekly report of Dubai Land Department said a total of 88 plots of land were sold for AED 620.22 million, and 1,135 apartments and villas were sold for AED 2.27 billion.

The most expensive land deal was made in Island 2, where a plot sold for AED 121 million, followed by a plot of land in Palm Deira that was bought for AED 50.27 million.

The highest number (19) of sales, worth AED 66.09 million, were recorded in Nad Al Shiba followed by Hadaeq Sheikh Mohammed Bin Rashid and Jumeirah First with nine sales transactions each worth AED 132.16 million and AED 62 million respectively.

Besides in Marsa apartment, an apartment in Business Bay was sold for AED 246 million and an apartment in Palm Jumeirah for AED 228 million.

The sum of the amount of mortgaged properties for the week was 3 billion, with the highest being a plot of land in Al Wasl, mortgaged for AED 1 billion.

A total of 24 properties worth AED 73 million were granted between first-degree relatives.