Abu Dhabi’s mortgage market witnessed a robust 20 per cent increase in Q3 2024, with transactions totalling AED13.5bn ($3.7bn) across 2,594 deals.
This marks the highest quarterly volume in several years.
According to Dari, a comprehensive digital platform designed to serve Abu Dhabi’s real estate sector, the real estate sector in Abu Dhabi continued to thrive during this period, with total real estate transactions amounting to AED22.7bn ($6.2bn).
Abu Dhabi real estate
The emirate achieved a total sales value of AED9.2bn ($2.5bn), selling 3,161 real estate units.
This included AED4.1bn ($1.1bn) from 1,480 completed units and AED5.1bn ($1.4bn) from 1,681 off-plan units.
The total value of real estate transactions from the beginning of this year until the end of September reached AED55.6bn ($15.1bn).
This was achieved through nearly 18,000 sales and mortgage transactions involving various types of units, with AED30.5bn ($8.3bn) from sales and AED25.1bn ($6.8bn) from mortgages.
In the past nine months, 10,440 real estate units were sold, including 4,137 completed units and 6,303 off-plan units. The total number of mortgage transactions was 7,559.
Last week alone, the value of real estate transactions exceeded AED500m ($136m), totalling AED233.5m ($63m) in sales and AED366.3m ($99.7m) in mortgages.
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