Abu Dhabi Real Estate Market Flourishes with AED46.33 Billion in Transactions

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Abu Dhabi’s real estate market has maintained robust growth, fueled by investor confidence, according to the latest report released by the Department of Municipalities and Transport (DMT). The report reveals an impressive total of 10,557 property transactions, amounting to over AED46.33 billion, underscoring the city’s attractiveness to local and global investors.

Abu Dhabi Real Estate Market Flourishes with AED46.33 Billion in Transactions
Abu Dhabi Real Estate Market Flourishes with AED46.33 Billion in Transactions

The half-yearly report by DMT highlights a wide range of activities in the real estate sector, including purchases, sales, and mortgages of various types of land, buildings, and properties. The real estate trading index shows 6,730 purchase and sale transactions, worth AED25.09 billion, and 3,827 mortgage transactions, worth AED21.24 billion.

His Excellency Dr Adeeb Al Afifi, Executive Director of the Real Estate Sector at DMT, commended the market’s resilience and optimistic investor sentiment. “Abu Dhabi’s real estate market continues to thrive,” he stated, “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.”

Abu Dhabi Real Estate Market Flourishes with AED46.33 Billion in Transactions
Abu Dhabi Real Estate Market Flourishes with AED46.33 Billion in Transactions

The report also highlights the top five areas in terms of transaction numbers and values during the first half of 2023. Al Saadiyat Island secured the top spot with transactions worth AED3 billion, followed by Yas Island at AED2.6 billion. Al Reem Island ranked third with AED2.4 billion, while Al Jubail Island and Al Shamkha City claimed the fourth and fifth spots with AED1.5 billion and AED1 billion, respectively.

With the second half of 2023 underway, His Excellency Dr Al Afifi expects significant investment opportunities, particularly with the introduction of new projects that will further bolster Abu Dhabi’s real estate market.

Abu Dhabi Real Estate Market Flourishes with AED46.33 Billion in Transactions
Abu Dhabi Real Estate Market Flourishes with AED46.33 Billion in Transactions

The emirate’s real estate market has witnessed a diverse inflow of investors from the UAE, GCC, and around the world, further underlining its appeal as a thriving and promising investment destination.

As Abu Dhabi continues to evolve and expand its real estate landscape, the city’s dynamic growth remains an attractive prospect for investors seeking sustainable returns and exciting opportunities in the region.

For more information and comprehensive market insights, please refer to the official report released by the Department of Municipalities and Transport.

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