Abu Dhabi has recorded over AED46 billion in real estate transactions in the first six months of 2023, according to the latest report released by the Department of Municipalities and Transport (DMT).
The growth was attributed to investor optimism resulting in 10,557 transactions.
The real estate trading index showed 6,730 real estate transactions worth AED25.09 billion and 3,827 mortgage transactions worth AED21.24 billion.
Dr. Adeeb Al Afifi, Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, said: “Abu Dhabi’s real estate market continues to thrive, showcasing a resilient and optimistic investor sentiment.
“The recently released report by the DMT reveals an impressive volume of activity, with 10,557 property transactions totalling over AED46.33 billion. These figures reaffirm the enduring appeal and solid growth potential of our market, positioning Abu Dhabi as an attractive destination for local and global investors.”
The top five areas revealed in terms of numbers and transaction values:
- Al Saadiyat Island – AED3 billion
- Yas Island – AED2.6 billion
- Al Reem Island – AED2.4 billion
- Al Jubail Island – AED1.5 billion
- Al Shamkha City – AED1 billion
Dr. Al Afifi said, “As we enter the second half of 2023, we expect to see significant investment opportunities, particularly with the introduction of several new projects that will boost Abu Dhabi’s real estate market.”
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