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Net international reserves in the UAE’s banking sector rose by 8.1%, or AED 92.3B, in H1 2024, reaching AED 1.238T by June’s end, compared to AED 1.145T in June 2023. The Central Bank’s June bulletin showed it held AED 769.7B of these reserves, a 14.3% rise from AED 673.42B at 2023’s end, while reserves of other banks reached AED 468.13B.

Dubai’s residential resale market saw notable expansion in the first half of 2024, as reported by Metropolitan Homes. The ‘H1 2024 Residential Resale Market Review’ indicated that transaction volumes grew by 17.8% year-on-year to 27,949, while transaction values climbed by 23.1% to AED 76.34B.