• Ajman records real estate transactions worth US$195m in February

    AJMAN, UAE – Director-General of Ajman’s Department of Land and Real Estate Regulation Eng. Omar bin Omair Al Muhairi said that there were 129 real estate valuation transactions in the emirate in February, valued at around US$195 million (AED718 million). He highlighted the ongoing momentum in Ajman's real estate market,...
  • Real estate transactions worth over US$74m take place in Qatar in week

    DOHA, QATAR  - The volume of real estate trading in the country in sales contracts at the Department of Real Estate Registration at the Ministry of Justice during the period from February 11 to February 15 2024 reached US$66 million (QR 242,019,892). Total sales contracts for residential units in the...
  • Dubai records over US$2.6bn in weeklong real estate transactions

    DUBAI, UAE - A total of 3,543 real estate transactions worth over US$2.6 billion (AED9.8 billion) were conducted during the week ending February 9, 2024, according to data released by the Dubai Land Department (DLD). The DLD report showed that 197 plots were sold for US$315 million (AED1.61 billion), while...
  • Dubai Customs records 30.4m transactions in 2023, posting 17.5% growth

    Dubai, UAE--Dubai Customs has successfully processed more than 30.4 million customs transactions during the entire year of 2023. This set a new record for the highest number of customs transactions handled by Dubai Customs, showcasing a 17.5% growth compared to the 25.8 million transactions in 2022. This success is attributed...
  • Dubai posts real estate transactions worth $3.5bn in week ending January 19

    DUBAI, UAE - The real estate and properties transactions valued at US$3.5 billion (AED13 billion) in total during the week ending January 19 2024. The sum of transactions was 3,697 and 184 plots were sold for US$547 million  (AED 2.01 billion), 2,770 apartments and villas were sold for US$2 billion...
  • DEWA records 12.5 million digital transactions in 2023

    DUBAI, UAE - Dubai Electricity and Water Authority (DEWA) announced that its customers conducted around 12.5 million digital transactions in 2023, compared to around 10 million digital transactions in 2022, an increase of about 25 percent. This reflects DEWA’s leading role in supporting the leadership’s vision to make Dubai the...
  • Dubai Customs logs 13% growth in transactions in first nine months of 2023

    DUBAI, UAE – Dubai Customs has experienced a robust 13 percent increase with 21.6 million transactions during the first nine months of this year. This surge contrasts with the 19 million transactions recorded during the same period last year. The upswing aligns with the targets of Dubai’s economic agenda D33,...
  • Sharjah records real estate transactions worth US$980m in October 2023

    SHARJAH, UAE – A total of 3,798 transactions were conducted here in October 2023 across various regions of the emirate, amounting to US$980 million (AED3.6 billion) in trade value and involving 8.2 million square feet, the Sharjah Real Estate Registration Department said in a report.   This surge reflects a...
  • Dubai’s weeklong real estate transactions exceed US$2.5bn

    DUBAI, UAE -  A total of 1,445 real estate transactions worth over US$2.5 billion (AED 9.5 billion) were conducted during the week ending October 6, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 248 plots were sold for US$476 million ( AED...
  • Real estate transactions in Ajman totaled US$408m in August

    AJMAN, UAE – Real estate transactions in August achieved a growth of 61.5 percent compared to the same period in 2022, totalling over US$408 million  while trading volume reached US$181 million, Department of Land and Real Estate Regulation in Ajman said. Director-General of the Department of Land and Real Estate...
  • Dubai real estate transactions worth over $3.4bn in week ending September 15

    DUBAI, UAE - A total of 2,329 real estate transactions worth over US$3.4 billion (AED 12.7 billion) were conducted during the week ending September 15, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 549 plots were sold for US$1.1 billion (AED 4.25...
  • GCC real estate transactions surge on demand increase

    GCC real estate hits $90.7 billion in the first half of 2023, a 9.9% year-on-year increase, with Dubai leading the market, contributing 54 percent to the total value.
  • Dubai real estate sales up despite price rise since January 2020

    Dubai, UAE – The Dubai Land Department (DLD) reported over 3,200 transactions worth AED 24.7 billion last week and this upwards trend appears to have become a staple of permanence in the emirates’ real estate market. Sales frequency has surged on the heels of investor confidence being renewed amid continued...
  • UAE stocks generate strong cash flows as IHC stands out

    Abu Dhabi, UAE--UAE stocks generated strong cash flows on Monday as the International Holding Company (IHC) maintained robust performance and closed at AED400.6, following more than $59.14 million worth of transactions. Multiply Group gained $43.75 million in liquidity, closing high at AED3.670. Emirates Insurance Company (EIC) was the best performer...
  • Bahrain pledges to protect consumer rights in e-commerce sector

    Manama, Bahrain-- Looking to develop the e-commerce sector in the kingdom, Bahrain's Ministry of Industry and Commerce has published a survey to evaluate consumer satisfaction in the e-commerce sector in response to the growing volume of e-commerce transactions. These efforts come from the Information Systems Directorate and the Consumer Protection...
  • Dubai Customs clears TIR carnet transactions worth US$38.7m

    DUBAI, UAE - Dubai Customs has, to date, processed 214 customs transactions worth US$38.7 million (AED142.2 million) under cover of the International Road Transport (TIR Carnet) system, the global customs transit procedure. Dubai Customs cleared the first transit consignment under the TIR carnet in 2020. Dubai Customs is a signatory...
  • Dubai Customs processes over 14m transactions in first six months of 2023

    DUBAI, UAE - Keeping pace with the UAE’s strong economic growth, Dubai Customs cleared 14 million customs transactions during the first six months of this year, a 10 percent surge from the 12.7 million transactions registered in the same period last year. The UAE economy is poised to experience further...
  • Dubai Transport Authority’s digital channels record 10% jump in 2022 revenues

    Dubai, UAE-- Dubai's Roads and Transport Authority (RTA) has reported a 10 percent increase in revenues for 2022 to $953 million from its digital channels. The company has also recorded 814 million digital transactions up from 676 million in 2021, a 20 percent growth rate. The company also reported a...
  • Dubai’s RTA digital channels generate revenue of US$953m in 2022

    DUBAI, UAE - Director-General and Chairman of the Board of Executive Directors of Dubai’s Roads and Transport Authority Mattar Al Tayer said that RTA recorded 814 million digital transactions in 2022. “In 2022 RTA recorded 814 million digital transactions up from 676 million in 2021, reflecting a robust growth rate...
  • Dubai Police records 65,942 ‘transactions’ at smart police stations in H1

    Dubai, UAE-- During the first half of 2023 the Dubai Police has recorded some 65,942 smart transactions at its 22 "smart police stations" spread across the emirate of Dubai. The police said that a total of 65,942 smart transactions were conveniently and smartly processed without any human intervention. These included...
  • Dubai logs over $871m in realty transactions on Thursday

    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...
  • Sharjah real estate transactions in May valued at US$653m

    SHARJAH, UAE - The emirate's real estate activity during May 2023 logged a total value of US$653 million (AED 2.4 billion), further enhancing Sharjah's position as an ideal destination for investors, businessmen and families. The Real Estate and Mortgage Report issued by Sharjah Real Estate Registration Department (SRERD) revealed that...
  • Dubai’s weeklong real estate transactions exceed US$4.2bn

    DUBAI, UAE -  A total of 4,048 real estate transactions worth over US$4.2 billion  (AED 15.6 billion) were conducted during the week ending 23rd June, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 278 plots were sold for US$473 million (AED 1.74...
  • Dubai records over US$1.2bn in realty transactions

    DUBAI, UAE - Dubai's real estate market recorded 638 sales transactions worth US$503 million (AED1.85 billion) on Tuesday, data released by Dubai's Land Department (DLD) showed. The market also recorded 130 mortgage deals totaling US$732 million (AED2.69 billion), and 21 gift deals amounting to US$59.5 million (AED218.56 million). The sales...
  • Dubai records US$3.4bn in weekly real estate transactions

    DUBAI, UAE - A total of 3,625 real estate and properties transactions valued at US$3.4 billion (AED12.5 billion) were conducted during the week ending June 16, 2023, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 189 plots were sold for US$620 million (AED...
  • Dubai logs over $678m in realty transactions on Thursday

    Dubai, UAE - Dubai witnessed 604 sales transactions totaling AED2.1 billion ($567.8 million) on Thursday in addition to 106 mortgage deals amounting to AED337.09 million ($91.5 million) and 32 gift deals amounting to AED158.95 million ($43.2 million). The sales transactions consisted of 557 villas and apartments worth AED1.66 billion ($449.6...
  • Workshops on suspicious transactions in gold, precious stone sector in UAE

    ABU DHABI, UAE -  UAE Ministry of Economy organized two workshops, in Arabic and English, to promote the awareness of suspicious transactions among traders and business owners in the gold and precious stones sector. The workshops, through the Department of Anti-Money Laundering, also made the traders and business owners aware...
  • Abu Dhabi’s property market records sales worth US$7.62bn in Q1

    Abu Dhabi, UAE--The property market in Abu Dhabi has recorded 5,472 property sales and mortgages valued at US$7.62 billion in the first quarter of 2023 as against 3,304 transactions worth $ 3.07 billion during the same period in 2022, according to official data released by the Department of Municipalities and...
  • Dubai real estate market transactions reach $7.21bn in April

    Dubai, UAE -- April 2023 was the best month in a decade for Dubai's real estate market, both in terms of the number of transactions and the value of these deals. The number of transactions grew by 17 percent to 8077 in April 2023, from 6898 transactions in April 2022,...
  • Sharjah records real estate transactions worth $462m in March

    Sharjah, UAE -- A total of 3,386 real estate deals worth AED1.7 billion ($462 million) were recorded in Sharjah in March 2023, according to the Mortgage Movement Report by Sharjah Real Estate Registration Department (SRERD). A total of 595 sales transactions representing 17.6 percent of the deals, while 319 mortgage...
  • Egypt sees growth in financial inclusion, touches 65% of adult population

    Cairo, Egypt-- Egypt's financial inclusion has widened as total ownership of transactional accounts reached 64.8 percent of the total 65.4 million eligible adult population at the end of 2022. The financial inclusion, according to the country's central bank, increased 147 percent between 2016 and 2022 to 42.3 million citizens who...
  • Qatar real-estate transactions vault to US$660 million in February

    Doha, Qatar-- Qatar has recorded $660 million worth real estate trading in sale contracts during the month of February. The data of the real estate analytical bulletin issued by the Ministry of Justice revealed that (382) real estate transactions were recorded during the month. Compared to January 2023, the real...
  • New bank reforms reveal fraudulent dollar transactions: Iraq PM

    Iraq's Prime Minister Mohammed Shia al-Sudani has said the country's new banking regulations have revealed fraudulent dollar transactions made from his country. In recent months the country has been seeking to make sure that its banking system is in sync with the international electronic transfer system.
  • Dubai realty transactions cross half a trillion dirham mark in 2022

    "The exceptional performance of the real estate sector reflects support the goal of the Dubai Economic Agenda D33 launched to double the size of Dubai's economy by 2033. The sector is a key pillar of Dubai's strategy for sustainable development," said Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al...
  • Dubai records over US$2.72bn in weeklong real estate transactions

    DUBAI,  UAE - A total of 2,173 real estate transactions worth over US$2.72 billion (AED 10 billion) were conducted during the week ending January 6, 2023, according to figures released by the Dubai Land Department (DLD). A total of 270 plots were sold for $612 million (AED 2.25 billion), 1,903...
  • Dubai records US$2.6bn in weekly real estate transactions

    DUBAI, UAE  - A total of 2,790 real estate transactions worth US$2.6 billion (AED9.6 billion) were conducted during the week ending December 30, 2022, according to figures released by the Dubai Land Department (DLD). The DLD report showed that 179 plots were sold for US$378 million (AED 1.39 billion), while...
  • ADJD discusses developments in Evidence Law in civil, commercial transactions

    ABU DHABI, UAE - Participants in the second Justice Partners Forum organized by Abu Dhabi Judicial Department (ADJD) discussed the Federal Decree-Law No. 35 of 2022 Promulgating the Law of Evidence in Civil and Commercial Transactions. Held under the title Legislative Developments for a Fair Environment Enhancing Development and Investment,...
  • Online identity remains key concern as Middle East and Africa rank third in digital trust, data security

    Banks come second after governments in terms of digital trust since over 60% believe they keep consumers' data confidential, while only 50% trust retailers in the region.
  • UAE leads GCC with 48% share in realty transactions

    In the first nine months of 2022, real estate transactions in the region totaled more than US$143bn, surpassing the full-year US$136.9bn figure during 2021, says Kamco Invest.
  • Dubai records over US$435m in realty transactions Monday

    Dubai real estate market recorded 445 sales transactions worth US$321 million, in addition to 68 mortgage deals of $121 million and 37 gifts deals amounting to $16 million on Monday, data released by Dubai's Land Department (DLD) showed.
  • Dubai records weeklong real estate transactions worth $1.92 billion

    Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending 7 October, 2022, according to figures released by the Dubai Land Department. A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for...
  • Dubai records realty transactions worth US$1.8bn in week

    A total of 2,401 real estate transactions worth US$1.8 billion (AED6.7 billion) were conducted during the week ending September 23, 2022, according to figures released by the Dubai Land Department.
  • Real estate transactions worth US$544m at Sharjah in August

    Real estate transactions in the Emirate of Sharjah totaled US$544 million (AED 2 billion) in August 2022, according to the monthly report published by Sharjah Real Estate Registration Department (SRERD).
  • ADJD notarization, authentication transactions jump in August

    The Abu Dhabi Judicial Department (ADJD) has achieved a record surge in total notarization and authentication transactions carried out in August 2022 by reaching 13,000 operations.
  • Dubai records over US$653m in realty transactions on Monday

    DUBAI, UAE - Dubai real estate market recorded 568 sales transactions worth US$373 million (AED1.37 billion) on Monday, data released by Dubai's Land Department (DLD) showed. Additionally 93 mortgage deals of $53 million ( AED197.58 million) and 23 gift deals amounting to $233 million (AED858.27 million), the DLD revealed. The...
  • Sharjah records 2,417 real estate transactions in July 2022

    Sharjah Real Estate Registration Department (SRERD) has revealed that total transactions carried out in July 2022 amounted to 2,417 transactions across 71 different areas distributed over the Emirate of Sharjah.
  • Weeklong real estate transactions in Dubai amount to $2.8bn

    The real estate and properties transactions valued at $2.8 billion (AED10.3 billion) in total during the week ending 19 August 2022. The sum of transactions was 3,149.
  • Saudi digital payments go up, represent 94% of all trades

    The study highlighted how the government sector in the kingdom has almost completely converted to electronic payment methods for all outward payments to individuals, business establishments or other government agencies.
  • Electronic payments overtake cash in Saudi Arabia in 2021

    The Saudi Central Bank (SAMA) said a study revealed that electronic payments increased from 44 percent in 2019 to 62 percent of all payments by volume in 2021.
  • Dubai records $2.6bn real estate transactions in week

    A total of 2,433 real estate transactions worth $2.6 billion (AED9.7 billion) were conducted during the week ending 12th August, 2022, according to figures released by the Dubai Land Department.
  • UAE issues new guidelines for real estate transactions

    The Ministry of Economy (MoE) and the Ministry of Justice (MoJ), in partnership with the UAE Financial Intelligence Unit (FIU), have announced new regulations aimed at certain real estate transactions conducted in the UAE.