Volume of ready real estate transactions increased in Abu Dhabi

According to Property Finder’s Market Watch, the first quarter of 2024 saw a growing demand for ready-made properties. During this period, 814 transactions were concluded in the secondary housing market, which is 38% of the total number of transactions. In the first quarter of 2023, this figure was 27%, and the volume of transactions was 628.

The Abu Dhabi real estate market also recorded growth in the value of transactions concluded. In the first quarter of 2024, this value exceeded AED 1.74B (USD 474M) and accounted for 29% of total sales. In the same period in 2023, finished real estate accounted for roughly 27%. This indicates the ongoing development of the market and the increasing attractiveness of the emirate for investors and individuals who want to live in Abu Dhabi.

Experts believe that the first months of 2024 indicate a more diversified demand in the Abu Dhabi real estate market. In the future, with the emergence of large new projects especially in the popular areas of Al Saadiyat Island and Yas Island, there will be an increase in demand for off-plan real estate. At the same time, ready-made housing will continue to be in high demand among investors and individuals alike.