The number of real estate transactions increased by 32% in Abu Dhabi

In Abu Dhabi, the number of real estate transactions increased by 100% in Q3 compared to last year, and it is expected that residential sales will continue to grow in the emirate in the coming months.

In Q3 of this year, 1,000 residential units were delivered acrossAbu Dhabi, especially in the popular Al Raha Beach community. The total number of sales transactions during this period of time in the emirate amounted to 4,160, which represents a significant increase in volume. Sales grew by 32% compared to the previous quarter, and 102% compared to the same period last year.
The key projects that were launched during this period included:

• Gardenia Bay on Yas Island
• Perla 3 in Yas Bay
• Vista 3 on Al Reem Island
• Al Jurf Phase 2 in the Ghantoot area
• Icon Tower in Yas Bay
• Murjan Saadiyat on Saadiyat Island
• A new phase of Saadiyat Lagoons

The annual growth rates of the Abu Dhabi rental market constituted about 3% for apartments and 4% for villas. Prices for apartments sales in the emirate remained

relatively stable, while prices for villas rose by 1% compared to the previous quarter, and by 3% year-on-year, mainly due to the value appreciation of Hidd Al Saadiyat.

The high performance of the Abu Dhabi real estate market proves its investment attractiveness among both local and foreign investors. Interest from buyers is alsofueled by an increase in rental prices for property in the UAE capital.