AED 55.2 billion worth of real estate transactions since the beginning of 2024
<According to Abu Dhabi's Department of Municipalities and Transport's (DMT) Dari platform, the emirate recorded real estate transactions worth AED 55.2 billion (USD 15 billion) during the first nine months of this year. This value came as a result of about 17,830 sales and mortgage transactions on various types of real estate units, indicating a remarkable momentum in Abu Dhabi's real estate market.
Details of real estate transactions: Sales and mortgages
In terms of sales, the real estate market recorded transactions totaling AED 30.3 billion through 10,350 sales transactions. As for mortgages, the total value reached AED 24.9 billion through 7,480 transactions, reflecting the continued demand for financing real estate and real estate projects in the emirate.
With regard to mortgages, the total value reached AED 24.9 billion through 7,480 transactions.
September 2024: A busy month for real estate transactions
In September alone, real estate transactions in Abu Dhabi amounted to AED 5.99 billion through 1,554 sale and mortgage transactions. These transactions were distributed by about AED 1.78 billion for real estate sales through 640 sales transactions, while mortgages recorded a value of AED 4.21 billion through 914 mortgage transactions.
September alone, the value of real estate transactions in Abu Dhabi amounted to about AED 5.99 billion through 1,554 sales and mortgage transactions.
Saadiyat Island leads the major real estate transactions
Saadiyat Island topped the list of the largest real estate transactions by value last week. A 152 square meter residential unit was sold for AED 43.6 million. This transaction was no exception, with Saadiyat Island ranking in the top nine for the highest real estate transactions, underscoring its growing appeal as Abu Dhabi's premier real estate investment destination.
Yas Island in tenth place
While Saadiyat Island retained the top spot, Yas Island ranked tenth in terms of the volume of real estate transactions, reflecting the growing interest in real estate development projects in these vital areas that play a pivotal role in supporting the growth of the real estate market in the emirate.
While Saadiyat Island retained the top spot, Yas Island ranked tenth in terms of the volume of real estate transactions.
