During the first quarter of 2024 (Q1 2024), real estate transactions in Abu Dhabi reached a total value of AED15.9 billion ($4.32 billion). These transactions comprised of 5,127 sales and mortgage transactions across various types of real estate units.
According to data obtained from the DARI platform of the Department of Municipalities and Transport (DMT) in Abu Dhabi, the emirate recorded a total of 2,919 sales and purchases transactions in Q1 2024, amounting to over AED9.6 billion ($2.61 billion). This figure includes 1,167 ready-made real estate units and 1,752 off-plan units.
The DARI data further revealed that during Q1, the Emirate of Abu Dhabi witnessed approximately 2,208 mortgage deals, with a combined value of AED6.3 billion.
Read more: Abu Dhabi records $7.59 billion in real estate transactions in Q1 2023
Additionally, in the past week, the top three real estate transactions in Abu Dhabi took place, with Al Saadiyat Island and Yas Island emerging as the locations for the largest transactions involving Aldar Properties projects. The total value of transactions on Yas Island reached AED23.5 million, while the transactions on Al Saadiyat Island amounted to AED14.3 million.
In January 2024, real estate transactions in Abu Dhabi surged past AED5 billion ($1.36 billion), comprising a diverse array of 1,386 sales and mortgage deals across various property types.
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