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According to the data, 4,441 properties worth more than 21.04 billion dirhams were sold in the Abu Dhabi real estate market in the third quarter of 2022.
According to the Department of Municipalities and Transport (DMT), the emirate reported 1,995 real estate transactions totaling 5.39 billion dirhams and 2,446 mortgage transactions totaling 15.64 billion dirhams.
Al Saadiyat came in second with purchases totaling 929 million dirhams, while Yas Island came out on top with transactions totaling 1 billion dirhams. Al Shamkha ranked third with 641 million dirhams, Al Reem Island ranked fourth with 541 million dirhams, and Khalifa City ranked fifth with 208 million dirhams. The sixth place was taken by Mohammed bin Zayed City with transactions totaling 182 million dirhams.
Despite the strengthening of global adverse factors, real estate and rental prices in the UAE actually maintained their outstanding growth rates in the third quarter of 2022.
In Abu Dhabi, average residential property prices increased by 3.2% from September 2022 to September 2022. According to the CBRE Commercial Real Estate and Investment Business Service, the average price of an apartment jumped by 3.3%, and the average price of a villa increased by 2.7%.
In August 2022, 9,720 purchase and sale transactions were made in the Dubai real estate market. The total amount of these sales amounted to 24.34 billion dirhams, which is 69.57% more than in August of the previous year. The Sharjah Real Estate Registration Department reported that in the first nine months of 2022, the volume of real estate transactions in Sharjah amounted to 16.6 billion dirhams (SRERD). 65,314 transactions were made throughout the emirate. With a trading volume of 2.7 billion Danish dinars, March 2022 was the highest month. August 2022 ranked second with a figure of 2 billion dirhams, while June was 1.7 billion dirhams.
However, the country's capital has also made a number of efforts to ensure that Abu Dhabi's residential areas are sustainable.
