Real estate transactions in Abu Dhabi amounted to more than AED5bn ($1.4bn) in the first month of 2024, according to data from the Department of Municipalities and Transport’s DARI platform.
The data shows there were 1,386 transactions of sales and mortgages on various types of real estate units.
The DARI platform information reveals that the value of real estate mortgages in Abu Dhabi reached about AED2.6bn ($708m) through registering 635 mortgage deals.
Abu Dhabi real estate 2024
The total value of sales since the beginning of the current year exceeded AED2.5bn ($681m), representing 751 sales transactions, distributed among 363 ready properties and 388 off-plan.
The platform highlighted the largest transactions for Abu Dhabi city by value in the past week. Mohamed bin Zayed City topped the list with a value of AED16.6 million for “Prestige Tower”, followed by Saadiyat Island with AED12.7 million for “Mamsha Al Saadiyat”.
The real estate sector in Abu Dhabi is on an upward trajectory, supported by incentives and quality real estate projects launched by the department, in addition to various projects initiated by real estate entities in the emirate.
These initiatives have solidified its position as an attractive environment for both local and foreign investors, enhancing the sector’s global competitiveness.
Follow us on
