Real estate transactions in Abu Dhabi amounted to over Dhs5 billion in the first month of 2024, comprising 1,386 transactions of sales and mortgages on various types of real estate units.
According to the “DARI” platform, affiliated with the Department of Municipalities and Transport in Abu Dhabi, the value of real estate mortgages in the emirate reached about Dhs2.6 billion through registering 635 mortgage deals.
Abu Dhabi real estate sales transacations
The total value of sales since the beginning of the current year until Thursday exceeded Dhs2.5 million, representing 751 sales transactions, distributed among 363 ready properties and 388 off-plan.
The platform highlighted the largest transactions for Abu Dhabi city by value in the past week.
Mohamed Bin Zayed City, Saadiyat Island, Mamsha Al Saadiyat
Mohamed Bin Zayed City topped the list with a value of Dhs16.6 million for “Prestige Tower,” followed by Saadiyat Island with Dhs12.7 million for “Mamsha Al Saadiyat.”
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The real estate sector in Abu Dhabi is on an upward trajectory, supported by incentives and quality real estate projects launched by the department, in addition to various projects initiated by real estate entities in Abu Dhabi.
These initiatives have solidified its position as an attractive environment for both local and foreign investors, enhancing the sector’s global competitiveness.
tanvir@dubainewsweek.com
