Abu Dhabi property market deals worth AED 15.8B (USD 4.3B)

In the first quarter of 2024, the value of transactions in the real estate market in the capital of the UAE amounted to AED 15.8B (USD 4.3B). More than 5,000 deals were concluded.
Apr 16, 2024

The Abu Dhabi real estate market is showing record values in the number and volume of transactions. According to the Department of Municipalities and Transport (DMT), 5,100 real estate transactions worth AED 15.8B (USD 4.3B) were concluded in the first three months of 2024. Such high performance indicates the attractiveness and stability of the market for investors.

In the first quarter of the year, more than 2,900 ready-made properties were sold valued at a whopping AED 9.6B (USD 2.6B), while an additional 2,000 mortgages were taken out, amounting to approximately AED 6.2B (USD 1.7B).

The capital's real estate market isn’t slowing down any time soon. Over the past week, the emirate witnessed three of the largest real estate transactions ever by Aldar Properties on Al Saadiyat Island and Yas Island. The combined sum of these transactions amounted to more than AED 37.8M (USD 10.3M).

Abu Dhabi demonstrates a stable real estate market with considerable advancements in infrastructure development and the ongoing implementation of new projects. The sheer number of transactions in the first quarter of 2024 highlights the piqued interest of investors in real estate in the emirate. According to experts, Abu Dhabi may see an increase in the number of sales of ready real estate in the coming months.