As per the latest report released by the Department of Municipalities and Transport (DMT), Abu Dhabi’s real estate market shows sustained growth momentum, driven by investor optimism to record 10,557 property transactions, amounting over AED46.33 billion in the first half of 2023.
The department’s half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged. DMT’s real estate trading index shows 6,730 real estate purchase and sale transactions worth AED 25.09 billion and 3,827 mortgage transactions worth AED 21.24 billion.
His excellency, Dr Adeeb Al Afifi, Executive Director of the real estate sector at the Department of Municipalities and Transport, said: “Abu Dhabi’s real estate market continues to thrive, showcasing a resilient and optimistic investor sentiment. The recently released report by the DMT reveals an impressive volume of activity, with 10,557 property transactions totalling over AED46.33 billion. These figures reaffirm the enduring appeal and solid growth potential of our market, positioning Abu Dhabi as an attractive destination for local and global investors.”
In the list of top five areas in terms of the numbers and values of real estate transactions in Abu Dhabi during the first six months of 2023 – Al Saadiyat Island tops the list with transactions worth AED3 billion. Yas Island ranks second with transactions worth AED2.6 billion, Al Reem Island ranks third at AED2.4 billion, Al Jubail Island came in fourth with AED1.5 billion, and Al Shamkha City ranks fifth at AED 1 billion.
Dr Al Afifi added, “As we enter the second half of 2023, we expect to see significant investment opportunities, particularly with the introduction of several new projects that will boost Abu Dhabi’s real estate market.”
Diverse investors from the UAE, GCC, and around the world have continued to boost the emirate’s real estate market.
