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The Highest-Value Deals Were Observed In Al Saadiyat Island, Yas Island, And Al Reem Island
In the first half of 2023, the real estate market in Abu Dhabi saw transactions totaling more than Dh46.33 billion, according to a study released on Monday. The DMT’s latest data suggests approximately 10,557 property transfers during this period. The DMT’s real estate trading index recorded 3,827 mortgage transactions, amounting to Dh21.24 billion, during the period. Additionally, there were 6,730 real estate buy and sale transactions, totaling Dh25.09 billion.
The Department of Municipalities and Transport’s Executive Director for the Real Estate Sector, Dr. Adeeb Al Afifi, stated: “Abu Dhabi’s real estate sector continues to prosper. Exhibiting a resilient and optimistic investor sentiment. These numbers confirm the market’s lasting appeal and strong development potential. Presenting Abu Dhabi as a desirable location for both domestic and foreign investors.
In Abu Dhabi, Al Saadiyat Island claimed the top position among the top five regions in both real estate transaction quantity and cost. Yas Island secured the second spot with transactions totaling Dh2.6 billion, while Al Jubail Island ranked fourth with Dh1.5 billion. Al Shamkha City held the fifth position, with transactions amounting to Dh1 billion. Moreover, Al Reem Island came in third with Dh2.4 billion.
“As we move into the second half of 2023, we anticipate seeing significant investment opportunities,” said Dr. Al Afifi. “This is especially true given the introduction of many new projects that will strengthen Abu Dhabi’s real estate market.”
