The Abu Dhabi Real Estate Centre (ADREC) has reported a remarkable surge in real estate transactions for the year 2023, reaching an unprecedented AED 87.1 billion ($23.7 billion). This surge marks a substantial increase of 159.5 percent from the previous year, totaling AED 61 billion ($16.6 billion). Read More : Ras Al Khaimah Government Boosts Stake in Emirate’s Leading Realtor With a total of...

The Abu Dhabi Real Estate Centre (ADREC) has revealed a historic milestone, reporting record-breaking real estate transactions totaling AED87.1 billion ($23.7 billion) in Abu Dhabi last year. According to the Department of Municipalities and Transport (DMT), the value of buying and selling activities skyrocketed by an impressive 159.5 percent, reaching AED61 billion ($16.6 billion) compared to...

In 2024, a significant shift is expected in the UAE real estate landscape as more property buyers, especially end users, are projected to opt for mortgages. The catalyst behind this trend is the anticipated drop in interest rates, estimated to decrease by up to 100 basis points. Real estate experts emphasize the substantial influence of mortgage rate fluctuations on the decision-making process of...