According to the most recent report from the Department of Municipalities and Transport, Abu Dhabi’s real estate sector has been steadily expanding due to investor optimism, with 7,474 property transactions totaling more than AED22.51 billion (DMT).
Various types of land, structures, and real estate were bought, sold, and mortgaged, according to the department’s half-yearly report.( Abu Dhabi)
According to the DMT’s real estate trade index, 3,568 real estate purchases and sales totaled AED8.9 billion, with mortgage transactions totaling AED13.61 billion.
Yas Island ranked first among the top five regions in Abu Dhabi in terms of the quantity and price of real estate transactions, with transactions totaling AED1.8 billion, followed by Al Saadiyat Island in second place, with transactions totaling AED1.2 billion. Al Shamkha came in third place with one billion dirhams, Al Reem Island came in fourth place with AED872 million, and Khalifa City came in fifth place with AED310 million. Al Raha Beach came in sixth place with trades worth 300 million AED.
“As we enter the second half of 2022, we anticipate significant investment opportunities, particularly with the introduction of several new projects that will boost Abu Dhabi‘s real estate market,” Al-Afifi added.