Latest news with #AED431
Dubai Eye
2 days ago
- Business
- Dubai Eye
Dubai real estate transactions reach AED431 billion in H1 2025
Dubai's real estate sector recorded strong performance in the first half of 2025, with over 125,000 transactions valued at AED431 billion — a 25 per cent increase compared to the same period last year. According to the Dubai Land Department, the total number of real estate procedures, including sales, leases and other transactions, exceeded 1.3 million, reflecting continued demand and investor interest. The investment segment attracted nearly 95,000 investors, including 59,000 first-time entrants, who completed over 118,000 investments worth AED326 billion. UAE residents accounted for 45 per cent of new investors. Women invested AED73.2 billion across 34,792 transactions by 30,487 female investors. This highlights the growing influence of women in shaping Dubai's real estate landscape and advancing economic diversity. GCC investors contributed AED22.56 billion, Arab investors AED28.4 billion and foreign investors AED228.35 billion. Top-performing areas by transaction volume included Al Barsha South Fourth (10,469 transactions), Al Yalayis 1 (7,595) and Wadi Al Safa 5 (7,178). In terms of transaction value, Dubai Marina led with AED25.1 billion, followed by Business Bay (AED22.5 billion), Burj Khalifa (AED17.1 billion) and Palm Jumeirah (AED16.96 billion). The figures align with Dubai's broader economic objectives under the Dubai Economic Agenda D33 and Real Estate Strategy 2033, which aim to attract investment and support long-term growth.
ARN News Center
2 days ago
- Business
- ARN News Center
Dubai real estate transactions reach AED431 billion in H1 2025
Dubai's real estate sector recorded strong performance in the first half of 2025, with over 125,000 transactions valued at AED431 billion — a 25 per cent increase compared to the same period last year. According to the Dubai Land Department, the total number of real estate procedures, including sales, leases and other transactions, exceeded 1.3 million, reflecting continued demand and investor interest. The investment segment attracted nearly 95,000 investors, including 59,000 first-time entrants, who completed over 118,000 investments worth AED326 billion. UAE residents accounted for 45 per cent of new investors. Women invested AED73.2 billion across 34,792 transactions by 30,487 female investors. This highlights the growing influence of women in shaping Dubai's real estate landscape and advancing economic diversity. GCC investors contributed AED22.56 billion, Arab investors AED28.4 billion and foreign investors AED228.35 billion. Top-performing areas by transaction volume included Al Barsha South Fourth (10,469 transactions), Al Yalayis 1 (7,595) and Wadi Al Safa 5 (7,178). In terms of transaction value, Dubai Marina led with AED25.1 billion, followed by Business Bay (AED22.5 billion), Burj Khalifa (AED17.1 billion) and Palm Jumeirah (AED16.96 billion). The figures align with Dubai's broader economic objectives under the Dubai Economic Agenda D33 and Real Estate Strategy 2033, which aim to attract investment and support long-term growth.
Zawya
14-02-2025
- Business
- Zawya
Tabreed reports revenue of $663mln in 2024
ABU DHABI - Tabreed today released its consolidated financial results for the year 2024, reporting a revenue of AED2.434 billion and a net profit before tax of AED624 million, representing a 4 percent increase over 2023 (excluding one-offs). The company announced that EBITDA increased by 5 percent year-on-year to AED1.252 billion, with an improved margin of 51 percent, while net profit after tax stands at AED570 million, up 32 percent compared to AED431 million in 2023. Increased revenue was mainly driven by growth in consumption volumes, which increased by 5 percent to 2.66 billion refrigeration ton hours (RTH). Connected capacity increased by 23,756 Refrigeration Tonnes (RT), bringing Tabreed's total connected capacity to 1.325 million RT. Growth in connected capacity was largely on account of expansion in existing concessions and commissioning of two new greenfield plants in the UAE and Oman, respectively, during 2024, while expanding capacity at its existing plants, including in international markets of India and Egypt, to meet the growing demand from customers. Tabreed's Board of Directors has recommended a dividend payment of 15.5 fils per share in cash. Over the past five years, the dividend per share paid by Tabreed has increased at a compounded annual growth rate of 8 percent. New connections totalling 23,576 RT were added to Tabreed's portfolio of 92 plants during 2024, in the UAE, Saudi Arabia, Oman, Egypt and India.
