Abu Dhabi property deals hit Dh23.5 billion in H1

DG Staff

ABU DHABI 30 September 2021: The Department of Municipalities and Transport (DMT) has announced that the 2021 first-half report for real estate transactions in Abu Dhabi reached Dh23.57 billion. The H1 recorded value was achieved through 7,046 transactions, including transactions and mortgages of land, buildings and real estate units of all kinds.

The report showed that the real estate sector in the emirate recorded 3,425 real estate sales transactions worth Dh9.02 billion, and 3,621 mortgage transactions worth Dh14.55 billion.

Al Reem Island came in first place with the highest value in terms of total sales at Dh2.07 billion, followed by Yas Island with total sales of Dh1.61 billion, Saadiyat Island in third place with Dh1.36 billion, followed by Khalifa City at Dh388 million and then Al Raha Beach at Dh316 million, with the rest of sales distributed across other regions in the emirate.

Dr. Adeeb Al Afeefi, Executive Director of the Real Estate Sector at DMT, said that the emirate’s real estate market has recorded remarkable growth this year, despite the recent changes in the global markets. These results reflect DMT’s efforts to strengthen Abu Dhabi’s position as one of the world’s leading destinations for investment, living and stability.

YOU MIGHT ALSO LIKE

All Dubai school kids return to classes from Oct 3

6-day paid leave for government staff to visit Expo

Virgin Hyperloop to debut commercial pod at Expo

UAE to host two of world’s biggest cricket finals

Abu Dhabi tops world in best covid-response list



Dubai Gazette