Abu Dhabi real estate market shows promising growth

According to the Department of Municipalities and Transport (DMT), Abu Dhabi’s real estate market had a total of 19,033 transactions in 2022, which amounted to AED77.6 billion. The DMT reported that AED23.5 billion came from 9,010 sales transactions, while AED54.1 billion came from 10,023 mortgage transactions. Overall, the real estate market in Abu Dhabi performed strongly and experienced significant growth in 2022 compared to 2021.

In terms of specific areas, Yas Island had the highest transaction value at AED4.2 billion, followed by Al Reem Island at AED3.4 billion. Saadiyat Island ranked third with AED3.1 billion, while Al Shamkha came fourth with AED2.1 billion, and Zayed City came in fifth with AED1 billion.

In the same period, there was an 8.5% increase in the value of real estate transactions and a 27.2% increase in the number of transactions. This growth showcases the resilience of the Emirate and emphasizes the crucial role played by Abu Dhabi’s real estate sector in diversifying the UAE’s economy.

Furthermore, the DMT has unveiled seven new investment areas for real estate in Abu Dhabi for the year 2022. These areas have been chosen for their diverse offerings, unit designs, and affordability, catering to a broad spectrum of investors with different preferences. The announcement of these investment zones represents a substantial expansion of the total number of investment zones in the emirate, which will reach 25 by the end of 2022. These zones will be open to foreign investors, expanding their investment opportunities.

These investment zones have a strategic location that gives them a competitive advantage, with flexible markets and exceptional infrastructure. Additionally, they offer a secure and stable environment that makes them an ideal choice for individuals looking to live, work, or invest in the region.

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Abu Dhabi real estate market shows promising growth

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