Dubai: Al Reem Island was the best real estate investment spot in Abu Dhabi in the initial three months, registering Dh1.6 billion of the overall Dh11.5 billion in deals registered by the emirate.
The other main spots were Abu Dhabi Island (with Dh907 million), Yas Island (Dh649 million) Saadiyat Island (Dh446 million), Khalifa City (Dh225 million), and Al Raha Beach (Dh196 million).
The cost of real estate deals came to about Dh5 billion, from 1,755 deals, whereas the value of mortgage-backed transactions surpassed Dh6.5 billion generated from 2,092 deals. Lands made up the majority of home loans with a cost of Dh6.2 billion (96% of the total cost).
Dr. Adeeb Al Afeefi, Executive Director of the Real Estate Sector in the Department of Municipalities and Transport, said: “We are fully confident that our long-term approach will contribute to Abu Dhabi’s success and strategy, which has set an outstanding global example on how to overcome the economic, health and social challenges imposed by last year’s pandemic.