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Amlak Finance Wraps Up AED190 Million Sale of Dubai Properties

MT Newswires·12/18/2025 10:22:07
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10:22 AM EST, 12/18/2025 (MT Newswires) -- Amlak Finance (DFM:AMLAK) completed the 190 million-Emirati-dirham sale of seven labor camps and nine plots in the Al Khawaneej Labour City in Dubai. The properties were sold in line with agreed contractual terms, according to a Thursday release. They were handed over to a United Arab Emirates-based company operating in the construction sector. The Dubai-listed real estate financier expects the deal to lead to a gain on sale of 800,000 dirhams in the fourth quarter.