The real estate market in Abu Dhabi has showcased incredible resilience and optimism as it records over AED46 billion in transactions during the first half of 2023. The news comes from a new report released by the Department of Municipalities and Transport (DMT). The surge in investor optimism has led to increased activity and an impressive 10,557 property transactions.
Breaking down the numbers a little further the UAE capital saw 6,730 transactions valued at AED25.09 billion and 3,827 mortgage transactions amounting to AED21.24 billion.
Among the top-performing areas, Al Saadiyat Island takes the lead with AED3 billion worth of transactions, followed closely by Yas Island with AED2.6 billion, and Al Reem Island with AED2.4 billion. Al Jubail Island and Al Shamkha City also made significant contributions, boasting transactions valued at AED1.5 billion and AED1 billion, respectively.
Looking ahead, the second half of 2023 looks to be just as busy with numerous investment opportunities and projects coming to market. The introduction of these projects is anticipated to further boost Abu Dhabi’s real estate market and open up new opportunities for would-be buyers.
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