In the first half of 2023, the real estate market in Abu Dhabi saw transactions totaling over Dh46.33 billion, according to a study released on Monday.
According to the Department of Municipalities and Transport’s (DMT) most recent statistics, there may have been 10,557 property transfers during this time.
During the period, 3,827 mortgage transactions totaling Dh21.24 billion and 6,730 real estate buy and sale transactions totaling Dh25.09 billion were recorded by DMT’s real estate trading index.
Dr Adeeb Al Afifi, Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, said: “Abu Dhabi’s real estate market continues to thrive, showcasing a resilient and optimistic investor sentiment. These figures reaffirm the enduring appeal and solid growth potential of our market, positioning Abu Dhabi as an attractive destination for local and global investors.”
Al Saadiyat Island was in first position on the list of the top five regions in terms of the quantity and cost of real estate transactions in Abu Dhabi, followed by Yas Island in second place with transactions totaling Dh2.6 billion. Al Shamkha City came in fifth with Dh1 billion, Al Jubail Island came in fourth with Dh1.5 billion, and Al Reem Island came in third with Dh2.4 billion.
Dr Al Afifi said: “As we enter the second half of 2023, we expect to see significant investment opportunities, particularly with the introduction of several new projects that will boost Abu Dhabi’s real estate market.”