Latest news with #Dh157
Al Etihad
11-08-2025
- Business
- Al Etihad
ADFD: Strategic partner in advancing comprehensive Arab development
11 Aug 2025 15:09 ABU DHABI (WAM) The Abu Dhabi Fund for Development (ADFD) has reinforced its position as one of the most prominent contributors in supporting economic and social progress efforts in Arab countries, financing strategic projects that promote stability, drive growth and enhance quality of life, underscoring the UAE's steadfast commitment to its Arab recent years, the fund has broadened its engagement across the Arab region, translating its mission into tangible projects in vital sectors such as healthcare, energy and infrastructure, areas that are fundamental to the stability and future of communities. Each project represents a solid step forward in the path to comprehensive to its 2024 Annual Report, ADFD's cumulative development financing reached Dh216.5 billion, benefiting 107 countries across various continents. This total comprises Dh157 billion in concessional loans, Dh57.6 billion in government grants, and Dh1.9 billion in direct press statements, the Fund said that in 2024 it managed six UAE government grants to Arab nations worth a combined Dh810 million, benefiting Jordan, Morocco, Yemen and received more than Dh452 million for three key projects: a national digital health transformation programme, budget support, and a reading skills development programme. Morocco was allocated Dh129 million for the expansion of the Oued Akrach - Ain Aouda Road, Yemen received Dh45 million for a solar power project in Socotra, and Mauritania was granted Dh184 million for the Applied Sciences the standout initiatives is Jordan's recently launched 'Jordan Digital Health Centre', which aims to connect healthcare centres and create an integrated electronic medical records management system through a unified digital platform, to enhance Jordan's healthcare sector in delivering remote care services aligned with international one has already linked five hospitals in remote areas and three health centres across the kingdom, reflecting the depth of the UAE–Jordan cooperation in advancing development through digital fund also oversees UAE grants under the Arab Gulf Programme for Development (AGFUND), with Dh4.6 billion allocated each to Jordan and Morocco between 2012 and 2024 to support projects that directly improve citizens' lives. In the same period, Bahrain received a Dh9.2 billion grant under the GCC Development Programme for major projects across various 2025, ADFD will continue to implement high-impact investment projects across the Arab world. These include Egypt's 'Sofitel Legend Pyramids Giza' to support the tourism sector, an integrated tourism venture in Salalah, Oman, and the expansion of Bahrain International fund has also advanced renewable energy in the Comoros through a solar power station, supported community stability in Somaliland with a housing project, and in June signed a financing agreement with the GCC Interconnection Authority for a strategic project to strengthen regional energy security. By championing strategic, high-value initiatives, the Abu Dhabi Fund for Development continues to act as a vital bridge for progress, reflecting the UAE's enduring commitment to spreading stability and prosperity across the Arab region and beyond.
Al Etihad
20-07-2025
- Business
- Al Etihad
Dubai real estate transactions exceed Dh431 billion in H1 2025
20 July 2025 18:14 DUBAI (WAM) Dubai's real estate sector recorded an exceptional performance in H1 2025, further reinforcing the emirate's position as a leading global hub in this vital to data issued by the Dubai Land Department, the number of real estate transactions reached 125,538, up from 99,947 during the same period in 2024, an increase of 26%. The total value of these transactions reached approximately Dh431 billion, compared to Dh345 billion last year, a 25% rise, highlighting the strong growth momentum in the total number of real estate procedures, encompassing sales, leases, and other transaction types, exceeded 1.3 million during the same period, reflecting growing confidence among investors and stakeholders, along with sustained demand across Dubai's diverse real estate real estate investment market delivered outstanding results in the first half of the year, attracting 94,717 investors, a 26% increase, who completed 118,132 investments valued at approximately Dh326 billion. This represents a 39% rise from Dh234 billion during the same period last year, highlighting Dubai's sustained appeal to investors across diverse segments and number of new investors in Dubai's real estate market reached 59,075, with investments totalling Dh157 billion, a 22% increase in the number of investors and a 40% growth in investment value. Notably, residents in the UAE accounted for 45% of these new investors, highlighting the success of strategies aimed at converting tenants into also underscores the attractiveness of the local market for long-term stability, the resilience of Dubai's property ownership ecosystem and the effectiveness of its incentive-driven played a pivotal role in driving market activity, investing Dh73.2 billion during this period, with 34,792 transactions made by 30,487 female investors. This highlights the growing influence of women in shaping Dubai's real estate landscape and advancing economic nationality, GCC investors contributed Dh22.56 billion in investments, Arab investors Dh28.4 billion, and foreign investors Dh228.35 figures underscore Dubai's strong position as a global real estate investment hub and its continued ability to attract capital from around the world, supported by an advanced regulatory environment, world-class infrastructure, and initiatives centred on growth and exceptional performance also highlights the strength and resilience of Dubai's real estate sector and its capacity to sustain growth under varying conditions. These results have been driven by the visionary leadership's forward-looking initiatives aimed at accelerating national economic progress, bolstering investor confidence, and achieving the objectives of the Dubai Economic Agenda D33 and the Dubai Real Estate Strategy areas in Dubai recorded remarkable performance in terms of the number of real estate transactions in the first half of Barsha South Fourth topped the list with 10,469 transactions, followed by Al Yalayis 1 with 7,595 transactions, and Wadi Al Safa 5 with 7,178 high-performing areas included Business Bay (6,601), Dubai Marina (6,428), Airport City (5,569), Jebel Ali First (4,275), Al Thanyah Fifth (3,956), Burj Khalifa (3,670), and Meaisem First (3,643).This diverse activity highlights the depth and dynamism of Dubai's real estate terms of transaction value, Dubai Marina led the market with Dh25.1 billion, followed by Business Bay at Dh22.5 billion, Burj Khalifa at Dh17.1 billion, and Palm Jumeirah at Dh16.96 billion, underscoring the concentration of luxury investments in these prime high-value areas included Al Yalayis 1 (Dh15.7 billion), Meaisem Second (Dh15.4 billion), Wadi Al Safa 5 (Dh15.3 billion), Airport City (Dh15.2 billion), and Al Barsha South Fourth (Dh14.9 billion).Mohammed Bin Rashid Gardens also stood out, registering Dh14.5 billion in transaction value, reflecting the expanding landscape of investment-attractive areas and rising demand for diverse real estate Dubai Land Department remains committed to fostering a transparent and efficient real estate ecosystem by enhancing digital services, boosting market competitiveness, and aligning legislation with incentive-driven initiatives. DLD reaffirms its ongoing efforts to implement the goals of the Dubai Real Estate Strategy 2033, in alignment with the objectives of the Dubai Economic Agenda D33, which aims to position Dubai among the world's top three economic cities and ensure the sustainability of the real estate sector as a key pillar of the emirate's economic diversification.
