As per the latest report released by the Department of Municipalities and Transport (DMT), Abu Dhabi's real estate market witnessed continued growth recording 4,441 property transactions amounting to over AED 21.04 billion.
The department's quarterly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged.
The emirate recorded 1,995 real estate sale transactions worth AED 5.39 billion, and 2,446 mortgage transactions worth AED 15.64 billion.
Yas Island topped the list with transactions worth AED 1 billion with Al Saadiyat Island coming in at second place with transactions worth AED 929 million. With AED 641 million, Al Shamkha came in third, Al Reem Island came in fourth with AED 541 million, and Khalifa City came in fifth with AED 208 million. Mohammed bin Zayed City came in sixth with transactions worth AED 182 million.
His Excellency Dr. Adib Al-Afifi, Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, said: “The real estate market in the Emirate of Abu Dhabi continues to achieve outstanding results and continuous and sustainable growth. By providing more options for investment in the real estate market and increasing the transparency of this vital sector contributes to the strengthening of Abu Dhabi’s global position as one of the most lucrative destinations for real estate investment.”