The overall value of real estate transactions in Abu Dhabi reached AED 58 billion last year.
According to the department of municipalities and transport, there were 19,000 dealings in total, involving sales and mortgages of land, buildings and residential units.
Attractive payment plans and offers from developers are some of the key factors behind the growing numbers.
Al Reem Island topped the list of areas with the most number of transactions, followed by Yas Island, Al Reef and Al Shamkha.
Warren Buffett's Berkshire Hathaway posts record operating profit
Warren Buffett's Berkshire Hathaway Inc posted a record quarterly profit on Saturday, bolstered by a significant increase in income from insurance underwriting.
UAE, Uzbekistan sign digital infrastructure deal
The Ministry of Investment of the UAE and the Ministry of Digital Technologies of the Republic of Uzbekistan have signed an investment memorandum, establishing a framework for investment cooperation in digital infrastructure with a focus on data centre and artificial intelligence projects in Uzbekistan.
TECOM Group profit increases 15% on record high occupancy levels
Dubai's TECOM Group has announced a 15 per cent year-on year (YoY) growth in net profit to AED 293 million for the three month period ended March 31, 2024.
Sony and Apollo submit $26 billion Paramount offer, WSJ reports
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UAE, Iran expand cooperation in additional sectors
The UAE and Iran have explored ways to expand economic cooperation in sectors such as tourism, transport, entrepreneurship and renewable energy.
Dubai Municipality has intensified its efforts to control pests that endanger public health through comprehensive strategies and programs, such as chemical, physical, and biological control methods, with a focus on curbing the spread of mosquitoes.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai said that the decision to unify the Armed Forces on May 6 1976, was a pivotal moment in the history of the UAE as the nation celebrates its 48th Armed Forces Unification Day.
Four Dubai Metro stations remain closed following extreme weather conditions the Roads and Transport Authority (RTA) has confirmed. Passengers are being urged to check for regular updates to the public transport network.
