Abu Dhabi records over AED 22.5 billion total of real estate transactions in first half of 2022
· Confidence among investors indicates the market's attractiveness and a sustainable growth trajectory.
· With the launch of various new projects, the remaining months will show a rising investment surge.
As per the latest report released by the Department of Municipalities and Transport (DMT), Abu Dhabi's real estate market sustained growth driven by investor optimism, recording 7,474 property transactions amounting to over AED 22.51 billion.
The department's half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged.
DMT's real estate trading index shows 3,568 real estate purchase and sale transactions worth 8.9 billion dirhams and 3,906 mortgage transactions worth 13.61 billion dirhams.
His Excellency Dr Adeeb Al-Afifi, Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, said: "Abu Dhabi's leadership implemented several sound policies and strategic measures to achieve these results.
A world-class destination
"Through constant and sustained growth in the real estate sector, Abu Dhabi has maintained its standing as a world-class market and investment destination."
In the list of top five areas in terms of the numbers and values of real estate transactions in Abu Dhabi during the first six months of 2022, Yas Island topped the list with transactions worth AED 1.8 billion with Al Saadiyat Island coming in at second place with transactions worth AED 1.2 billion. With one billion dirhams, Al Shamkha came in third, Al Reem Island came in fourth with 872 million dirhams, and the Khalifa City came in fifth with 310 million dirhams. Al Raha Beach came in sixth with transactions worth 300 million dirhams.
Significant investment opportunities
Al-Afifi added: "As we enter the second half of 2022, we expect to see significant investment opportunities, particularly with the introduction of several new projects that will boost Abu Dhabi's real estate market."
Diverse investors from the UAE, GCC, and around the world have continued to boost the emirate's real estate market.
