DEWA, listed on the Dubai Financial Market, said in a statement on Monday that its total revenue in the first quarter of this year increased by 7.3% to 5.44 billion dirhams (about 1.5 billion dollars) compared to the same period last year.
The statement said quarterly electric utility revenues increased in the first quarter by 7.2%, water utilities by 7% and cooling by 4.6%, and revenues from other assets of the Authority increased by 11.2%.
DEWA, the exclusive electricity and water service provider in Dubai, said energy demand increased 5.3% year-on-year in the first quarter and water demand increased increased by 6.25%.
At the end of the first quarter of 2023, DEWA was providing services to 1,169,713 customers, an increase of 12,212 customers from the last quarter of last year and 51,022 customers from the first quarter of 2022, according to the release. .
Dubai has seen a significant increase in property buying and renting since last year, as customers are also increasingly interested in luxury accommodation, and the recent period has seen real estate transactions of a record amount.
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