According to the Department of Municipalities and Transport’s most recent report, Abu Dhabi’s real estate sector had continuous expansion spurred by investor optimism, with 7,474 property transactions totaling more than AED22.51 billion (DMT).
According to the department’s half-yearly report, various types of land, structures, and real estate were bought, sold, and mortgaged.
According to DMT’s real estate trade index, there have been 3,568 real estate purchases and sales totaling AED8.9 billion and AED13.61 billion in mortgage transactions.
Dr. Adeeb Al-Afifi, Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, said, “Abu Dhabi’s leadership implemented several sound policies and strategic measures to achieve these results.
“Through constant and sustained growth in the real estate sector, Abu Dhabi has maintained its standing as a world-class market and investment destination.”
Yas Island came in the first position on the list of the top five regions in terms of the quantity and price of real estate transactions in Abu Dhabi, with transactions totaling AED1.8 billion, followed by Al Saadiyat Island in second place, with transactions totaling AED1.2 billion. Al Shamkha was third with one billion dirhams, Al Reem Island was fourth with AED872 million, and Khalifa City was fifth with AED310 million. With 300 million AED worth of trades, Al Raha Beach placed sixth.
Al-Afifi added, “As we enter the second half of 2022, we expect to see significant investment opportunities, particularly with the introduction of several new projects that will boost Abu Dhabi’s real estate market.”