Abu Dhabi Real Estate Transactions Surge to AED 1.9 Billion in Q1 2024

Abu Dhabi Real Estate Transactions Surge to AED 1.9 Billion in Q1 2024

In the initial quarter of 2024, the real estate landscape in Abu Dhabi witnessed a robust surge, with transactions totaling an impressive AED 1.9 billion. The first two weeks alone saw 348 sales and mortgages across various real estate units, underscoring the Emirate’s dynamic property market.

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Powered by the Department of Municipalities and Transport in Abu Dhabi, the “DARI” platform reported 215 registered mortgage deals, contributing to an aggregate value of approximately AED 1.5 billion in real estate mortgages within the emirate. Notably, over AED 356 million in transactions transpired in the early days of the year, comprising 133 sales transactions. These included 115 ready properties and 18 off-plan developments.

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Abu Dhabi City’s real estate landscape showcased its vibrancy through the “DARI” platform, highlighting the highest-value transactions over the preceding seven days. Al Saadiyat Island claimed the top spot with a transaction value of AED 8.9 million, while Yas Island secured four consecutive positions, amassing a total worth of approximately AED 23 million. The Al Kasir area secured fifth place with transactions totaling around AED 4.7 million.

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The Department’s commitment to quality real estate projects, coupled with initiatives from various Abu Dhabi real estate entities, has significantly elevated the city’s real estate industry. These strategic measures have not only strengthened the sector’s global competitiveness but have also solidified Abu Dhabi’s status as an attractive investment destination for both domestic and international investors.

As the real estate market in Abu Dhabi continues to thrive, these initiatives are poised to further enhance the city’s position, offering a compelling environment for investors seeking sustainable growth opportunities. The strategic focus on quality, coupled with robust transactional activity, paints a promising picture for Abu Dhabi’s real estate sector in the quarters to come.

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