The Abu Dhabi Real Estate Centre (ADREC) reports that last year’s real estate transactions in Abu Dhabi reached a record AED87.1 billion ($23.7 billion).
The Department of Municipalities and Transport’s (DMT) devoted affiliate reported that the value of buying and selling activities increased by 159.5 percent from 2022 to AED61 billion ($16.6 billion).
Based on 15,653 transactions, ADREC reported this increase, which is a 73.7% increase from 2022.
Abu Dhabi real estate
In comparison to 2022, the sector’s total buying, selling, and mortgage activity increased by 12.2%.
The reported results are based on 22,751 transactions overall, an increase of 19.5% over the same period last year.
Additionally, ADREC reported a rise in individual investors in 2023 who were both residents and non-residents, indicating the diversity of Abu Dhabi’s real estate market.
9,448 newly registered investors and 1,098 non-resident investors were observed in the emirate, which represents notable increases of 71% and 175%, respectively, in comparison to 2022.
As our leaders have envisioned, the Abu Dhabi real estate market will continue to grow steadily and sustainably, maintaining the emirate’s standing as a top location for real estate investments worldwide.
The notable increase in comparison to 2022 this year underscores the emirate’s ongoing accomplishments and reinforces its attractive standing, ongoing development, and potential for future growth.
These outcomes are in line with ADREC’s strategic objective to establish Abu Dhabi as a premier worldwide real estate destination and spearhead the expansion of its whole real estate sector.
They also show the emirate’s real estate industry’s strength and potential, as it continues to draw in both domestic and foreign investors, making it a popular location for real estate investment on a worldwide scale.
In order to strengthen Abu Dhabi’s standing in the world of real estate, ADREC is entrusted with making sure that the country’s real estate market attracts both domestic and foreign capital investment.