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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.
  • Aldar Properties awards contracts worth US$2.8bn

    ABU DHABI, UAE - Aldar Properties has announced the awarding of 49 contracts, totaling US$5.9 billion (AED22 billion), for a series of projects, including infrastructure, residential, commercial and mixed-use developments across Abu Dhabi in 2023.The contracts were awarded to 36 UAE-based companies with almost 50 percent of the value US$2.8...
  • 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.
  • Dubai realty market records deals worth $653 million on Tuesday

    Dubai real estate market recorded 436 sales transactions worth AED971.4 million ($264 million), in addition to 101 mortgage deals of AED1.38 billion, and 17 gift deals amounting to AED55.13 million on Tuesday, data released by Dubai's Land Department (DLD) said. The sales included 360 villas and apartments worth AED738.88 million,...
  • Dubai records realty deals worth $241 million on Wednesday

    Dubai recorded realty transactions worth AED888 million ($241 million) on Wednesday. The real estate market in the emirate recorded 310 sales transactions worth AED668.1 million, in addition to 86 mortgage deals of AED163.78 million, and 18 gift deals amounting to AED56.24 million, data released by Dubai's Land Department (DLD) showed....
  • Real estate transactions worth US$1.5bn recorded in Dubai

    Dubai's real estate and property transactions valued at AED 5.5 billion ($1.5 billion) during the week ending 15 July 2022. The sum of transactions was 1,614.
  • Dubai records real estate transactions worth $435 million Wednesday

    Dubai real estate market recorded 454 sales transactions worth AED1.24 billion ($337 million), in addition to 96 mortgage deals .of AED259.02 million, and 22 gift deals amounting to AED150.27 million on Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 436 villas and apartments worth AED1.1 billion,...
  • Dubai real estate market records transaction worth $206m

    Dubai real estate market recorded 293 sales transactions worth AED 757.33 million ($206 million), including 73 mortgage deals of AED135.94 million, and 9 gift deals amounting to AED16.28 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 264 villas and apartments worth AED507.79 million, and 29...
  • Dubai records $2.36 billion in weeklong real estate transactions

    Dubai has recorded 2,884 real estate and properties transactions at the value of AED8.7 billion ($2.36 billion) in total during the week ending 27 May 2022, according to Dubai Land Department (DLD). The DLD weekly report said that 297 plots were sold for AED1.59 billion, as well as 2,116 apartments...
  • April Dubai real estate sales highest monthly on record in 10 years

    Dubai real estate market recorded 445 sales transactions worth AED 1.06 billion and 76 mortgage deals of AED 1.09 billion ($296 million), in addition to 10 gift deals amounting to AED 23.91 million Wednesday, data released by Dubai's Land Department (DLD) showed. The sales included 411 villas and apartments worth...
  • Dubai records $386 million in real estate transactions on Monday

    Dubai real estate market recorded 552 sales transactions worth AED 1.42 billion ($386 million) and 78 mortgage deals of AED 210.62 million, in addition to 20 gift deals amounting to AED 120.57 million Monday, data released by Dubai's Land Department (DLD) showed. The sales included 427 villas and apartments worth...
  • Dubai records $1.96 billion in weeklong real estate transactions

    A total of 2,043 real estate transactions worth AED 7.2 billion ($1.96 billion) were conducted during the week ending 20 May 2022, Dubai Land Department said. A total of 228 plots were sold for AED1.14 billion, while 1,328 apartments and villas were sold for AED3.58 billion. The top three transactions...
  • Dubai records $490 million in real estate transactions on Tuesday

    Dubai real estate market recorded 391 sales transactions worth AED 1.4 billion ($381 million) and 60 mortgage deals of AED 336.86 million, in addition to 57 gift transactions amounting to AED 64.67 million Tuesday, data released by the emirate’s Land Department (DLD) showed. The sales included 342 villas and apartments...
  • Arada awards two deals

    Under the $125.23m contracts, a residential district will be built at Masaar.
  • Dubai real estate market records highest single-quarter deals since 2010

    Dubai real estate market recorded the highest number of transactions since 2010 registered in a single quarter and the highest volume since Q1 2014. According to the Mo’asher, Dubai’s official sales and rental performance index that was launched by Dubai Land Department (DLD) in cooperation with Property Finder, a total...
  • New housing package worth $1.71 billion approved for UAE citizens in Dubai

    Dubai ruler Sheikh Mohammed bin Rashid Al Maktoum has approved a new housing package worth AED 6.3 billion ($1.71 billion) for UAE citizens in Dubai. This includes housing and land allotments for 4,610 Emiratis in the city, on the occasion of Eid al-Fitr and as part of the Housing Program...
  • Dubai records weeklong real estate transactions worth $1.71 billion

    About 2,145 real estate and property transactions worth AED 6.3 billion ($1.71 billion) were conducted in Dubai during the week ending 22 April, according to the Land Department of the Government of Dubai. A total of 250 plots were sold for AED1.12 billion, and 1,436 apartments and villas were sold...
  • Dubai posts real estate transactions worth $413 million on Tuesday

    Dubai’s real estate market recorded 474 sales transactions worth AED1.52 billion ($413 million) and mortgage deals of AED441.56 million, in addition to 11 gift transactions amounting to AED27.4 million Tuesday, data released by the Dubai Land Department (DLD) showed. The sales included 376 villas and apartments worth AED849.54 million, and...
  • Dubai records $2.53 billion worth of weeklong real estate deals

    Dubai recorded $2.53 billion worth of real estate and properties transactions valued during the week ending Friday, according to the Dubai Land Department (DLD). The weekly DLD report said the sum of transactions was 2,400. A total of 355 plots were sold for AED 1.33 billion, while 1,547 apartments and...
  • Dubai records $212 million worth of realty transactions on Monday

    Dubai’s real estate market recorded 246 sales transactions worth AED610.89 million ($166 million) and mortgage deals of AED151.82 million in addition to 10 gift transactions amounting to AED17.58 million Monday, data released by the emirate’s Land Department (DLD) showed. Local media reports said the sales covered 223 villas and apartments...
  • Dubai October realty sales $3.57 billion, highest in eight years

    Expo 2020 Dubai, the largest global event and the first-of-its-kind in the Middle East, boosted the Dubai real estate market that registered the highest number of transactions, worth AED13.12 billion ($3.57 billion), in the past eight years. According to the data of the 20th edition of Mo’asher, Dubai’s official sales...
  • Dubai’s Wednesday realty transactions worth AED1.1 bn

    The sales covered 314 villas and apartments worth AED645.92 million, and 29 land plots worth AED216.81 million.
  • Dubai records $4.4 billion realty sales in September, highest since 2013

    The months leading up to the launch of Expo 2020 Dubai witnessed a surge in realty transactions, with September recording sales worth AED16.2 billion, the highest monthly sales since December 2013. A total of 5,762 sales transactions in September bring the year-to-date total value to over AED100 billion, according to...
  • $1.93 billion worth of weekly realty transactions made in Dubai

    Real estate and property transactions worth AED 7.1 billion ($1.93 billion) were recorded in Dubai during the week ending October 7, a report by the Dubai Land Department said. A total of 1,959 transactions comprised 158 plots for AED 586.15 million and 1,307 apartments and villas for AED 3.08 billion....
  • Dubai records weeklong real estate transactions worth $1.6 billion

    DUBAI: Dubai has recorded 1,592 real estate and properties transactions worth AED6 billion ($1.6 billion) in total during the week ending September 30, according to Dubai Land Department (DLD). The DLD weekly report said 73 plots were sold for AED350.29 million, 1,080 apartments and villas were sold for AED2.74 billion....
  • Union Properties begins work on townhouses in Dubai’s Motor City

    Union Properties, the Dubai-based developer, has begun work on the construction of Motor City Hills, building three-story townhouse villas.
  • Dubai records $327m realty deals in week ending Wednesday

    The deals consisted of 266 real estate sales transactions worth AED849.88 million.
  • Villas to drive Dubai realty growth in Q4

    Arabian Ranches, Dubailand, Dubai South, Palm Jumeirah, MBR City, Dubai Hills Estate and DAMAC Hills 2 are likely to be prime areas for villa transactions during the fourth quarter as they are receiving a lot of enquiries from the investors and end-users
  • Covid-19 fails to impact realty in UAE, Saudi Arabia

    While the UAE has seen a record amount of real estate sales in the first six months of 2021, Saudi Arabia has prioritized increasing the supply of housing units and strengthening partnerships with the private sector.
  • $1.68 billion weeklong realty deals recorded in Dubai

    DUBAI: Real estate and property transactions worth AED 6.2 billion were recorded in Dubai during the week ending Thursday. Dubai Land Department said a total of 1,345 deals comprised 215 plots that sold for AED1.2 billion and 1,163 apartments and villas that went for AED 2.45 billion. The most expensive...
  • Aldar launches Yas Acres Magnolias

    The community consists of 312 properties available for purchase from September 4.
  • Dubai real estate rally: transactions worth $192 million recorded on Aug18

    A recent report by real estate firm Chestertons said value of residential transactions increased by nearly 50 percent during the Q2 2021 compared to the previous quarter as positive market sentiment and continued international buyer interest drove sales. Dubai’s handling of Covid-19 pandemic has supported the post-lockdown demand from international...
  • Prices of Dubai villas go through roof

    Prices of villas and apartments have leaped up in Dubai by as much as 27 percent in the second quarter of this fiscal, with a clear recovery in the UAE’s real estate sector, battered by a sluggish demand for years.
  • Dubai records $1.2 billion realty deals

    AED 2 billion worth of properties were mortgaged, the highest being a plot of land in Al Hebiah First, mortgaged for AED 333 million.
  • $1.9 billion weeklong realty transactions in Dubai

    An apartment in Marsa Dubai sold for AED 508 million and properties worth AED 4 billion mortgaged.
  • Dubai realty sales worth $4.02 bn recorded in June

    Mohammed Bin Rashid City, Dubai Hills Estate, Dubai Land, Green Community and Town Square top  top areas of interest for villas and townhouses
  • Dubai records 4,429 real-estate transactions worth more than $3 billion in May

    This was Dubai’s highest total sales transaction value in the sector since March 2017 $12.85 billion worth 20,989 real estate sale transactions recorded from Jan to May 2021 The emirate of Dubai saw 4,429 real-estate transactions in May this year, worth around AED11.11 billion ($3.02 billion), said local reports on...
  • Dubai’s weeklong real estate transactions valued at $2.9 billion

    Dubai Land Department (DLD) records a total of 2,069 real estate and property transactions with a gross value of $2.9billion during the week ending 10 June 2021
  • Dubai records AED92 billion worth of realty transactions

     Hadaeq Sheikh Mohammed Bin Rashid tops the list in villa sales Dubai Marina, Burj Khalifa among toppers in apartment sales Dubai has registered 25,455 real estate transactions worth AED92 billion from January - April 2021, thus achieving an increase of 51 percent in terms of the number of transactions and...
  • More than AED 4 billion worth of real estate and properties sold in Dubai in week

    Around 1,500 real estate transactions made in during one week 120 plots of land, and more than a thousand apartments and villas figure in the sale According to Dubai Land Department (DLD) more than AED 4 billion worth of real estate and properties were sold during the last week ending...