In the first two weeks of 2024, there were 348 sales and mortgages on different kinds of real estate units in the Emirate of Abu Dhabi, totaling about AED 1.9 billion in real estate transactions.
The Department of Municipalities and Transport in Abu Dhabi is associated with the “DARI” platform, which states that 215 mortgage deals were registered, bringing the total value of real estate mortgages in the emirate to approximately AED 1.5 billion. Over AED 356 million has been sold since the start of the current year, consisting of 133 sales transactions split between 115 ready properties and 18 off-plan.
The platform displayed the highest value transactions for Abu Dhabi City over the previous seven days. With a value of AED 8.9 million, Al Saadiyat Island topped the list. Yas Island came in second, holding four spots in a row, with a total worth of roughly AED 23 million. At about AED 4.7 million, the Al Kasir area ranked fifth.
The department’s quality real estate projects, along with several other initiatives started by Abu Dhabi’s real estate entities, have propelled the city’s real estate industry upward. The sector’s global competitiveness has increased as a result of these initiatives, which have strengthened its standing as an appealing environment for both domestic and foreign investors.