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During the first two weeks of 2024, the emirate of Abu Dhabi witnessed 348 property sale and mortgage transactions, totalling around AED 1.9 billion (USD 517 million). The Abu Dhabi Department of Municipalities and Transport is associated with the "DARI" platform, which reports that 215 mortgage transactions were registered, resulting in a total real estate mortgage value in the emirate of approximately AED 1.5 billion (USD 408.3 million).
Since the beginning of the current year, 133 buying and selling transactions were completed, amounting to more than AED 356 million (USD 96 million). Among them, 115 were completed transactions for ready properties, and 18 involved properties under construction.
The platform highlighted transactions with the highest values for the city of Abu Dhabi over the past seven days:
- Yas Island – AED 23 million (USD 6.2 million)
- Saadiyat Island – AED 8.9 million (USD 2.4 million)
- Al Kaser District – AED 4.7 million (USD 1.2 million).
The quality projects of the Department of Real Estate, along with several other initiatives initiated by real estate companies in Abu Dhabi, have contributed to the growth of the city's real estate industry. As a result of these initiatives, the sector's global competitiveness has increased.
