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Business, Economy

Alpha Dhabi profit jumps 48%

AI and technology investments boost earnings.

2PointZero reports strong H1

Expansion drives earnings, revenue growth.

Borouge profit climbs 23%

Prices, recovery boost quarterly earnings

e& posts 11.6% revenue growth

The H1 net profit hits $1.63 billion.

TECOM profit up 9%

Revenue, occupancy drive earnings higher

Dubai logs over $871m in realty transactions on Thursday

The mortgages included 104 villas and apartments worth US$48 million. (WAM)
By Hilal Mir
July 6, 2023 11:51 pm
  • DLD said 134 mortgage deals totaling US$73 million and 89 gift deals amounting to US$27 million.
  • The sales included 567 villas and apartments worth US501 million and land plots worth US$294 million.

DUBAI, UAE  – Dubai’s real estate market recorded 669 sales transactions worth US$792 million (AED2.91 billion) on Thursday, data released by Dubai’s Land Department (DLD) showed.

DLD said 134 mortgage deals totaling US$73 million (AED268.19 million), and 89 gift deals amounting to US$27 million (AED101.47 million).

The sales included 567 villas and apartments worth US501 million (AED1.84 billion), and 102 land plots worth US$294 million (AED1.08 billion).

The mortgages included 104 villas and apartments worth AED177.39 million and 30 land plots valued at AED90.8 million, bringing the total realty transactions of today to over AED3.2 billion.

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INSEAD Day 4- 300x600
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