In the initial month of 2024, Abu Dhabi’s real estate market witnessed a remarkable surge, with transactions reaching an impressive $1.36 billion. A total of 1,386 sales and mortgages were recorded across diverse real estate units in the Emirate, contributing to a substantial AED 5 billion in total real estate transactions.

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The Department of Municipalities and Transport in Abu Dhabi, in association with the “DARI” platform, reported 635 registered mortgage deals, amplifying the overall value of real estate mortgages in the emirate to approximately AED 2.6 billion. Complementing this, there were 751 sales transactions, comprising 363 ready properties and 388 off-plan properties, collectively surpassing AED 2.5 million in total sales value since the beginning of the year.

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The platform highlighted the most significant transactions for Abu Dhabi City over the past seven days, with “Prestige Tower” in Mohamed bin Zayed City securing the top spot at AED 16.6 million. Following closely, “Mamsha Al Saadiyat” on Saadiyat Island claimed the second position with a substantial AED 12.7 million transaction.

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The success of Abu Dhabi’s real estate industry is attributed to the Department’s commitment to high-quality real estate projects and various strategic initiatives launched by the city’s real estate entities. These efforts not only enhance the sector’s global competitiveness but also solidify Abu Dhabi’s position as an attractive investment destination for both domestic and international investors.