DLD issues 9,047 permits, 6,479 licences Sales January 26, 20230 DUBAI, The Dubai Land Department issued a total of 9,047 real estate permits and 6,479 real estate licences in 2022, a growth of 46.6% and 53% respectively from 2021, according to statistics released by the Department.The high growth in permits and lic…
Dubai records over AED1.9 bn in realty transactions Thursday Sales January 26, 20230 DUBAI, Dubai real estate market recorded 542 sales transactions worth AED1.57 billion, in addition to 95 mortgage deals of AED259.78 million, and 13 gift deals amounting to AED104.98 million on Thursday, data released by Dubai’s Land Department (DLD) s…
AED33.1 billion in net profit reported by seven listed banks for 2022 Sales January 26, 20230 ABU DHABI, Seven listed banks in the UAE reported net profit of AED33.125 billion in 2022, demonstrating the strength of their financial soundness, the advantages of their high liquidity, and the robust revenues brought on by the full recovery from the…
Dubai’s Business Bay sees highest number of real estate transactions in 2022 Sales January 25, 20230 DUBAI, The Business Bay area in Dubai recorded the highest number of real estate transactions last year, according to statistics from the Dubai Land Department (DLD). 10,853 transactions were recorded in the area, with other top locations including Dub…
UAE banks’ investments totalled AED511 billion in November 2022, highest in 13 months Sales January 25, 20230 ABU DHABI, The investments of banks operating in the UAE exceeded AED511 billion at the end of November 2022, the highest level in 13 months, according to the latest statistics of the Central Bank of the UAE (CBUAE).The CBUAE’s statistics – in its bank…
Emirates Health Services to showcase 19 innovative projects at Arab Health Exhibition & Conference 2023 Health Protection January 25, 20230 DUBAI, Emirates Health Services (EHS) is taking part in the Arab Health Exhibition & Conference 2023, held from 30th January to 2nd February at the Dubai World Trade Centre, where it plans to showcase 19 innovative projects at its booth under the theme…
GPSSA launches ‘Your Commitment Protects You’ campaign to spread awareness on inspection controls and guidelines General January 24, 20230 ABU DHABI, The General Pension and Social Security Authority (GPSSA) today launched the ‘Your Commitment Protects You’ campaign to spread awareness on inspection controls and guidelines.It has further highlighted the obligation of an entity towards abi…
UAB Shareholders’ General Assembly approves issuance of non-convertible additional tier 1 instruments “AT1” Sales January 24, 20230 SHARJAH, The United Arab Bank (UAB) held its Shareholders’ General Meeting on Tuesday, 24th January 2023, at the Dusit Thani Hotel in Dubai, chaired by Sheikh Faisal Bin Sultan bin Salem Al Qassimi, Chairman of the Board of Directors.The General Assemb…
Dubai records over AED1.5 bn in realty transactions Tuesday Sales January 24, 20230 DUBAI, Dubai real estate market recorded 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million on Tuesday, data released by Dubai’s Land Department (DLD) show…
Dubai records over AED1.5 bn in realty transactions Tuesday Sales January 24, 20230 DUBAI, Dubai real estate market recorded 520 sales transactions worth AED1.22 billion, in addition to 72 mortgage deals of AED216.8 million, and 15 gift deals amounting to AED98.13 million on Tuesday, data released by Dubai’s Land Department (DLD) show…