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In the first two weeks of 2024, Abu Dhabi recorded 348 property transactions and mortgage deals with a combined total value of AED 1.9B (USD 517M).
According to recent data from the DARI platform managed by the Department of Municipalities and Transport in Abu Dhabi, the capital saw 215 mortgage deals totaling AED 1,5B (USD 408M). Regarding property transactions, their combined value exceeded AED 356M (USD 97M), including 115 deals for ready properties and 18 for off-plan real estate.
The biggest transactions from the past week were:
- In the Al Kasir area — AED 4,7M (USD 1.3M).
- On Al Saadiyat Island — AED 8.9M (USD 2.4M).
- On Yas Island — AED 23M (USD 6.3M).
The real estate market in Abu Dhabi is gaining momentum thanks to the launch of high-quality projects by various developers in the emirate. The construction of both commercial and residential properties is attracting residents and foreign investors to the capital of the UAE.
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