ABU DHABI, Aldar Properties today announced that it is scaling up its property and integrated facilities management platform through the full acquisition of Spark Security Services, a leading UAE-based manned guarding security services provider. The all-cash AED125 million transaction further strengthens Aldar’s property and integrated facilities management platform to deliver a broader offering to customers, ranging from sales, leasing, property management, consultancy services, valuation advisory, hard and soft real estate maintenance, and energy management. Together, these services will add significant value to Aldar’s AED23 billion (US$6.3 billion) portfolio of prime property across retail, residential, commercial, and logistics segments, in addition to an expanding roster of notable third-party clients across the region. Established in 1974, Spark Security employees over 5,000 security professionals serving major organisations operating in a wide range of sectors, including infrastructure, banking, healthcare and hospitality. Commenting on the transaction, Jassem Saleh Busaibe, Chief Executive Officer at Aldar Investment,

DUBAI, Dubai’s real estate and properties transactions were valued at AED7.4 billion in total during the week ending 2nd September 2022, with sum transactions of 2,593, according to statistics from the Dubai Land Department. The statistics showed that 320 plots were sold for AED1.75 billion, and 1,720 apartments and villas were sold for AED3.55 billion. The top three transactions were land in Saih Shuaib 3 sold for AED168 million, land sold for AED115 million in Island 2, and land sold for AED78 million Saih Shuaib 4. Al Hebiah Fifth recorded the highest number of transactions this week with 107 sales transactions worth AED329.68 million, followed by Jabal Ali First with 60 sales transactions worth AED193.85 million, and Nad Al Shiba First with 41 sales transactions worth AED205 million in third place. The top three transfers for apartments and villas were an apartment sold for AED776 million in Marsa Dubai, a

VIENNA, The price of the OPEC basket of thirteen crudes stood at US$98.27 a barrel on Thursday, compared with US$101.04 the previous day, according to OPEC Secretariat calculations. The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Iran), Basrah Medium (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).   Source: Emirates News Agency