by VIP BROKERAGE
Having started the year well, the Abu Dhabi real estate market has recorded good growth with a total business volume of $200 thousand. US$4.32 billion in the first quarter is a huge achievement in 2024. The huge games show the demand for the Emirate to grow to create the best location for real estate investment.
Closer to the numbers
Data from the Ministry of Urban Development and Transport DARI platform shows the strength of the Abu Dhabi real estate market. During the period, 2,919 transactions, including sales and purchases, took place and the transaction value reached 2.61 billion dollars. These changes delivered 1,167 move-in units and 1,752 move-in ready units, indicating interest in current and future investments.
There was also no decline in the mortgage business, with 2,208 transactions recorded and the total value of mortgages reaching approximately $1.71 billion. This anger reflects the market’s confidence as investors and home buyers join the Abu Dhabi real estate market.
Notable Transactions and Key Locations
The real estate company has witnessed many high-profile transactions, especially in prestigious areas such as Saadiyat Island and Yas Island, thanks to Aldar Properties’ projects. It is worth noting that the transaction value of Yas Island alone reached 6.4 million US dollars, while Saadiyat Island reached 3.9 million US dollars.
Business volume in January 2024 exceeded US$ 1.36 billion, setting the growth momentum for the whole year. This includes 1,386 sales and mortgage transactions across a wide range of property types, reflecting the diverse opportunities in the Abu Dhabi property market.
Business Growth
The best performance in the first quarter of 2024 not only surpassed last year’s results but also set the tone for future development. With such initiatives, Abu Dhabi continues to enhance its position as the region’s leading market for real estate investment.
The current market offers many opportunities for those who want to invest or find their dream home in Abu Dhabi. Be it work-ready plans, exit plans or home investments, the real estate market in the UAE is brimming with resources.
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