Since the beginning of the year, real estate transactions in Abu Dhabi exceeded AED 5B (USD 1.4B)

The real estate sector in Abu Dhabi is demonstrating a stable upward trend. In January 2024, the volume of property transactions in the capital totalled AED 5B (USD 1,4B).
Feb 5, 2024

The beginning of the current year was successful for the Abu Dhabi property market, as the UAE capital witnessed 1,386 deals encompassing different types of real estate totalling more than AED 5B (USD 1.4B).

According to statistics provided by DARI, which is the Department of Municipalities and Transport's integrated purchase, sale, and lease service, the volume of mortgage transactions outweighed sales. During the first month of 2024, Abu Dhabi recorded 635 deals that involved mortgages amounting to AED 2.6B (USD 708M), which is AED 100M (USD 27M) more than the value of non-loan deals. However, sales transactions are ahead in terms of quantity, with 750 deals, which are split almost equally between completed projects and those under construction.

The highest transaction worth AED 16.6M (USD 4.5M) was registered in Prestige Tower in Mohammed bin Zayed City, whilst the second major deal was a residence in the Mamsha Al Saadiyat complex priced at AED 12.7M (USD 3.5M).

The capital of the UAE continues to strengthen its reputation as a competitive and lucrative destination for property investment. The emirate attracts investors with its high-quality real estate, advanced infrastructure, and its accessibility of premium projects.