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Al Reem Island took the first place in terms of the total value of sales standing at USD 563 million.
The Department of Municipalities and Transport of Abu Dhabi (DMT) has said in its 2021 first-half report that the value of real estate transactions in the capital during the period reached USD 6.4 billion.
In the first half of the year Abu Dhabi had 7,046 transactions, including transactions and mortgages of land, buildings and real estate units of all kinds.
According to the report data, the real estate sector in the emirate recorded 3,425 real estate sales transactions worth USD 2.5 billion and 3,621 mortgage transactions worth USD 3.9 billion.
Al Reem Island took the first place in terms of the total value of sales standing at USD 563 million. It is followed by Yas Island with total sales amounting to USD 438 million. Saadiyat Island came third with USD 370 million, by Khalifa City with USD 105 million and Al Raha Beach with 86 million. The rest of sales are distributed across other regions in the emirate.
Dr. Adeeb Al Afeefi, Executive Director of the Real Estate Sector at DMT, noted that Abu Dhabi's real estate market had recorded remarkable growth this year, despite the recent changes in the global markets.
The real estate sector's high performance reflects the efforts of the Department of Municipalities and Transport to strengthen Abu Dhabi's position as one of the leading destinations for investment, living and stability in the world.
