Bayut has released its 2024 Annual Property Market Reports for Abu Dhabi, indicating significant growth across residential sales, rentals, and off-plan developments. The analysis highlights rising demand and price increases across affordable and luxury property segments.
Haider Ali Khan, CEO of Bayut and Head of Dubizzle Group MENA, said: “2024 has been an incredible year for Abu Dhabi’s real estate market. At Bayut, we’ve witnessed over 15.2 million visits to Abu Dhabi property listings, showing the robust demand the capital has experienced throughout the year. The growing interest in high-end properties also reflects Abu Dhabi’s evolution into a global city that offers an unparalleled quality of life, while the increasing availability of affordable options ensures the city remains inclusive and accessible.
“As we look ahead to 2025, both the off-plan and ready markets appear set for an exciting year. With many new projects in the pipeline in the island communities and a significant number of handovers from late 2024 carrying into the new year, Abu Dhabi is well-positioned to further solidify its reputation as a premier destination for investors and residents alike.”
Al Reem Island tops searches for Abu Dhabi apartments in 2024
In the affordable apartment segment, Al Reem Island remained the most popular choice among buyers, with Al Reef and Al Ghadeer also in demand.
The average price per square foot in affordable apartment areas rose between 2 per cent and 20 per cent. Al Ghadeer recorded the highest growth at 19.8 per cent, while Baniyas saw a 1.92 per cent decline, potentially offering investment opportunities.
Al Raha Beach led searches for luxury apartments. Yas Island and Saadiyat Island were also popular. Luxury apartment sales prices increased by 5 per cent to 32 per cent, with Saadiyat Island seeing the highest growth at 32.4 per cent.
For affordable villas, Al Reef remained the preferred community, followed by Khalifa City and Abu Dhabi Gate City. Prices for affordable villas increased by 6 per cent to 18 per cent, with Al Ghadeer seeing a 17.4 per cent rise. Khalifa City and Abu Dhabi Gate City reported marginal declines below 2 per cent.
In the luxury villa category, Yas Island topped the list for buyers, followed by Al Raha Gardens and Saadiyat Island.
Prices in these areas grew between 2 per cent and 23 per cent, with Yas Island recording the highest increase at 22.1 per cent.
Al Reef offered the highest average ROI for affordable apartments at 8.64 per cent, followed by Al Ghadeer at 8.41 per cent. Yas Island led luxury apartment ROIs at 7.07 per cent, with Al Raha Beach offering 6.09 per cent.
Hydra Village recorded the highest ROI for affordable villas at 8.09 per cent. Al Ghadeer offered 6.53 per cent. Yas Island provided the highest ROI for luxury villas at 6.28 per cent, while Al Raha Gardens followed at 6.23 per cent.
The off-plan segment also showed strong performance. Affordable apartment buyers preferred City of Lights on Al Reem Island, Al Reeman 1 in Al Shamkha, and Royal Park in Masdar City. Yas Bay on Yas Island, Saadiyat Island’s Cultural District, and Al Maryah Vista attracted luxury apartment buyers.
Yas Island leads luxury villa sales in Abu Dhabi, reports Bayut
For affordable villas, Reem Hills on Al Reem Island, Bloom Living in Zayed City, and Al Reeman 2 in Al Shamkha were popular. Saadiyat Lagoons on Saadiyat Island and Yas Acres on Yas Island led the luxury villa segment.
Al Reem Island, Khalifa City, Al Khalidiyah, Al Muroor, and Al Shamkha were the most searched areas for affordable apartment rentals.
Rental costs for affordable apartments rose by 10 per cent to 20 per cent, with the highest increases in Al Reem Island, Al Muroor, and Al Khalidiyah.
Al Raha Beach, Corniche Area, Saadiyat Island, Yas Island, and Corniche Road were the top locations for luxury apartment rentals, which increased by 8 per cent to 26 per cent. Saadiyat Island and Yas Island recorded the highest growth for one-bedroom units.
Khalifa City led affordable villa rentals, followed by Mohammed Bin Zayed City, Madinat Al Riyadh, Shakhbout City, and Al Reef. Affordable villa rental costs increased by up to 14 per cent, with Khalifa City’s three-bedroom villas seeing a 13.5 per cent rise.
Yas Island remained the most popular location for luxury villa rentals, with Al Bateen also seeing demand. Luxury villa rental costs increased by 1 per cent to 20 per cent.
The growing interest in high-end properties also reflects Abu Dhabi’s evolution into a global city that offers an unparalleled quality of life, while the increasing availability of affordable options ensures the city remains inclusive and accessible.”
Khan added that new projects and handovers from 2024 are expected to drive the market further in 2025, bolstering Abu Dhabi’s position as a premier destination for investors and residents.
Abu Dhabi’s real estate market continues to benefit from government initiatives, strategic investments, and ongoing developments, attracting local and international buyers.
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