Abu Dhabi's real estate market recorded $1.3 billion in residential sales during the third quarter.

Solid Mortgage Activity

The real estate mortgage market in Abu Dhabi reached approximately AED 2.6 billion, driven by the registration of 635 mortgage deals. This surge signifies a strong demand for property financing, reflecting confidence in the market and the stability of the emirate’s real estate sector.

In addition, Abu Dhabi’s real estate sales transactions have significantly contributed to the overall figures, exceeding AED 2.5 billion. The data shows a balanced distribution between ready properties and off-plan units, with 751 sales transactions recorded so far in 2024. This consistent performance underscores Abu Dhabi’s status as a preferred destination for property investment.

Major Transactions

The DARI platform has highlighted notable transactions in Abu Dhabi city over the past week. Mohamed bin Zayed City topped the list with a transaction valued at AED 16.6 million for Prestige Tower. Close behind, Saadiyat Island recorded a transaction worth AED 12.7 million for Mamsha Al Saadiyat. These transactions emphasize the diversity and scale of real estate investments in Abu Dhabi.

Sector Support

Abu Dhabi's real estate sector is on an upward trajectory, supported by government incentives and high-quality projects initiated by the Department of Municipalities and Transport, along with private entities. These efforts have solidified the emirate’s position as an attractive environment for investors, enhancing its global competitiveness in the real estate market.

The robust start to real estate transactions in January 2024 reflects the sustained growth and resilience of Abu Dhabi’s property market. As initiatives and projects continue to shape the landscape, Abu Dhabi remains a compelling destination for both local and foreign investors. The dynamic real estate sector sets a positive tone for the remainder of the year, indicating the emirate’s enduring appeal in the global real estate arena.