Metropolitan Capital Real Estate registers AED 1.2bln in Q1 sales as Abu Dhabi market heats up

Abu Dhabi: Metropolitan Capital Real Estate (MCRE), a leading full-service real estate agency, broke multiple agency records with property sales exceeding AED 1.2 billion in Q1 2023.

Property transactions in Abu Dhabi only in the first quarter were almost on par with the company’s total sales last year, when it registered sales worth AED 1.6 billion. Part of the Metropolitan Group, MCRE sales in February crossed AED 400 million and in March reached an all-time high of AED 600 million.

The Abu Dhabi property market in Q1 was driven by existing and new developers entering the market as well as new project launches such as Eagle Hills’ Ramhan Island and Sea La Vie from Nine Yards in addition to Ohana By The Sea from Ohana which was exclusively sold by MCRE in less than 30 days.

Buyers were mainly from Europe including Germany, Italy, France, Switzerland, Austria, the UK, CIS and India. Most investors are relocating their families and businesses to the Capital to take advantage of Abu Dhabi’s growing reputation as a safe city for families and its forward-looking business policies.