Abu Dhabi’s mortgage market experienced a 20 percent surge in Q3 2024, with total transactions reaching AED13.5 billion across 2,594 deals. This represents the highest quarterly volume seen in recent years.
As reported by Dari, a comprehensive digital platform catering to Abu Dhabi’s real estate sector, the local real estate market continued to flourish during this timeframe, with overall transactions amounting to AED22.7 billion. The emirate, WAM reported, further recorded a total sales value of AED9.2 billion, with 3,161 real estate units sold. This comprised AED4.1 billion from 1,480 completed units and AED5.1 billion from 1,681 off-plan units.
From the start of the year through the end of September, the total value of real estate transactions reached AED55.6 billion. This was accomplished through nearly 18,000 sales and mortgage transactions involving various unit types, with AED30.5 billion generated from sales and AED25.1 billion from mortgages.
Moreover, over the past nine months, 10,440 real estate units were sold, including 4,137 completed units and 6,303 off-plan units. The total number of mortgage transactions during this period was 7,559. In just the past week, real estate transaction values surpassed AED0.5 billion, totaling AED233.5 million in sales and AED366.3 million in mortgages.
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