The majority of buyers are from Western European countries specifically from Italy, Germany, Austria and France. However, Metropolitan Capital Real Estate has also seen a great increase in buyers from Australia and the CIS countries.
The most popular areas in the city are Yas Island, Saadiyat Island, Al Reem Island, Khalifa City and Al Raha Beach. Properties from these locations take 80% of the sales of the real estate agency. Yas Island takes the leading position with AED 1,200,000 (USD 327,000), while Saadiyat Island
is in second place with AED 673,000 (USD 183,000).
As stated by The Department of Municipalities and Transport, 3,304 real estate transactions were processed during Q1 2022. A total of 1,722 real estate purchases and sales transactions costing AED 4,350,000 (USD 1,184,000) were recorded, as well as 1,582 mortgage transactions which were worth AED 6,900,000 (USD 1,879,000). The entire value reached AED 11,300,000 (USD 3,076,000).
Apart from residential units which are offered to Emiratis and foreigners to purchase, one can also consider business options. Among the locations which attract business professionals wishing to set up their own business in the Emirati capital, one can consider free zones such as Masdar, Abu Dhabi Global Market (ADGM), twofour54, Industrial City of Abu Dhabi (ICAD) and Khalifa Industrial Zone (KIZAD).
In terms of rental activities, villas
on Yas Island and Saadiyat Island are in high demand among tenants., and the prices of renting a villa became 2% higher in Q1 2022. Spacious living spaces have gained popularity during the quarantine period and this trend has continued even after the height of the pandemic.