Abu Dhabi, UAE – Abu Dhabi main index edged 1.566 percent higher Monday, supported by First Abu Dhabi Bank (NBAD) gaining 1.520 percent, to close AED17.360. ADQ, under the brand known as Asmak, continues to break records, closing 0.390 percent higher at AED410.
Dubai’s main share index followed suit and rose 0.335 percent, led by a 1.880 percent gain by property blue chip Emaar, which closed at AED5.950, 1.880 percent up on yesterday’s session.
The UAE real estate industry is home to the highest paying job roles in the country, Cooper Fitch found in it’s annual salary guide and hiring insights report.
Jobseekers in the human resources and banking industries can earn up to AED147,000 ($40,000) per month and AED178,000 ($48,000) per month, respectively, the report said.
Dubai real estate market recorded 476 sales transactions worth AED1.17 billion, in addition to 92 mortgage deals of AED181.95 million, and 20 gifts deals amounting to AED35.42 million on Monday, data released by Dubai’s Land Department (DLD) showed.
The sales included 430 villas and apartments worth AED845.38 million, and 46 land plots worth AED322.29 million, while mortgages included 73 villas and apartments worth AED120.07 million and 19 land plots valued at AED61.88 million, bringing the total realty transactions of today to over AED1.3 billion.
Meanwhile, the Central Bank of the Emirates has raised its estimates of real GDP growth in the country to 7.6 percent at the end of the current year 2022, compared to its previous estimates of 6.5 percent, as a result of the strong performance of some non-oil sectors, including tourism, hospitality, real estate, transportation and manufacturing.
In the quarterly review report for the third quarter of this year, the Central Bank expected non-oil GDP to grow by 6.1 percent in 2022, compared to 4.3 percent in its previous estimates, while it expected oil GDP to grow by 11 percent in 2022.