ADREC (Abu Dhabi Real Estate Centre)

Abu Dhabi Real Estate Market Surges: $23.7 Billion Transactions Recorded in 2023

Abu Dhabi Real Estate Market Surges: $23.7 Billion Transactions Recorded in 2023

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...

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