The value of real estate transactions in the Emirate of Abu Dhabi, during the first four months of 2024, amounted to about 17.2 Billion Dirhams, through 3,208 sales and mortgage transactions on real estate units of various types, according to the “Dari” platform of the Department of Municipalities and Transport in Abu Dhabi.
The platform explained that the total value of real estate sales during that period amounted to about 9.1 Billion Dirhams, through 17 sales transactions, while the total value of real estate mortgages amounted to about 8.1 Billion Dirhams, through 3,191 mortgage transactions.
Saadiyat Island topped the largest real estate transactions in Abu Dhabi by value during the past week, occupying the first three places, second and third, with a value of 40.1 Million Dirhams, followed by Al Reem Island, which ranked fourth with a value of 3.9 Million Dirhams, and Al Raha Area came in fifth place with 3.3 Million Dirhams.
Accelerated Growth
The real estate market in Abu Dhabi has witnessed rapid growth over the past years, thanks to the strategic initiatives and projects implemented by the department, in cooperation with the competent authorities, to make it easier for investors to invest in the field of real estate.
The platform aims to integrate real estate services in Abu Dhabi into a unified platform, to provide integrated, comprehensive and advanced real estate services, and gives users the opportunity to obtain a flexible and smooth experience for managing their various real estate transactions, in a way that enhances the attractiveness of real estate investment, and the commitment to transparency in providing data to investors, which contributes to developing the quality of real estate services in Abu Dhabi.
Customers can use the “Dari” platform, through the website or smart application, and view the existing services, in addition to the many features that the platform provides to customers, which include real estate sale and rental transactions, documentation, and issuance of certificates, in addition to providing a guide to registered real estate projects and a guide to those licensed to operate. In the real estate market, and real estate market indicators, including the values of trades, mortgages, off-plan sales transactions, communication with real estate brokers, introducing investors to future investment opportunities within the real estate market in the emirate, and accessing a list of transactions related to buying, selling, and mortgages.