In Q1 2024, Abu Dhabi’s real estate transactions reached $4.33 billion

In Q1 2024, Abu Dhabi's real estate transactions reached $4.33 billion

In the first quarter of 2024 (Q1 2024), 5,127 sales and mortgage transactions on various types of real estate units were recorded, bringing the total value of real estate transactions in the Emirate of Abu Dhabi to AED15.9 billion.

Data from the Department of Municipalities and Transport (DMT) in Abu Dhabi’s DARI platform shows that in the first quarter of 2024, the emirate recorded 2,919 sales and purchases with a combined value of over AED9.6 billion. This comprises 1,752 off-plan units and 1,167 ready-made real estate units.

According to DARI data, there were 2,208 mortgage deals in the Emirate of Abu Dhabi in Q1, totaling AED 6.3 billion.

Al Saadiyat Island and Yas Island topped the list of the biggest transactions for Aldar Properties projects among the top three real estate transactions recorded in Abu Dhabi over the previous week. AED 23.5 million was the total value of transactions on Yas Island, and AED 14.3 million was the total value of transactions on Al Saadiyat Island.

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