The Department of Municipalities and Transport (DMT) announced that real estate transactions in Abu Dhabi reached AED23.57 billion during the first half of 2021. In H1, 7,046 transactions were recorded, including sales and mortgages of land, buildings, and real estate units of all kinds.
According to the report, the real estate sector in the emirate recorded 3,425 real estate sales transactions worth AED9.02 billion and 3,621 mortgage transactions worth AED14.55 billion.
Al Reem Island came in first place with the highest value in terms of total sales at AED2.07 billion, followed by Yas Island with total sales of AED1.61 billion, Saadiyat Island in third place with AED1.36 billion, followed by Khalifa City at AED388 million and then Al Raha Beach at AED316 million, with the rest of sales distributed across other regions in the emirate.
Despite recent changes in the global economy, DMT’s Executive Director of the Real Estate Sector, Dr. Adeeb Al Afeefi, said that the emirate’s real estate market has recorded remarkable growth this year. The results highlight DMT’s efforts to position Abu Dhabi as one of the world’s leading destinations for investment, living, and stability.