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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.

Post-Covid UAE real estate upswing to continue

By TRENDS Desk
November 13, 2022 10:17 pm
  • In a report, real estate advisory firm JLL said that the residential sector was the highest performer “within construction asset awards”.
  • The influx of high net worth individuals to the UAE, especially Dubai, and Golden Visa have also boosted the real estate market.

Global commercial real estate services company Jones Lang LaSalle has said that UAE’s construction projects market rebounded during 2021 after Covid setbacks. In a report, JLL said that the residential sector was the highest performer “within construction asset awards”. The momentum will continue through 2022 as the real estate market in the Emirates witnessed the launch of several residential projects. The influx of high net worth individuals to the UAE, especially Dubai, and Golden Visa have also boosted the real estate market. TRENDS takes a look at these developments:

 

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