Real estate transactions in the Emirate of Abu Dhabi during the first two months of this year recorded real estate transactions worth AED 17.24 billion, through the trading of more than 5,000 real estate transactions, reflecting the remarkable activity witnessed by the real estate sector in the emirate.
According to the “Dari” platform of the Department of Municipalities and Transport in Abu Dhabi, the value of real estate transactions for sale amounted to AED 9.8 billion since the beginning of the year until today, for 2,676 transactions, while the value of mortgage transactions during the same period amounted to AED 7.2 billion for 2,352 transactions, while the total value of usufruct transactions amounted to more than AED 229 million for 28 properties.
Based on statistics issued by the platform, the total value of real estate sales and mortgages in the Emirate of Abu Dhabi amounted to about AED 12.5 billion, through the implementation of 3,778 sales and mortgage transactions on various real estate units of various types.
Real estate sales transactions witnessed the registration of 1,599 sales transactions worth AED 5.8 billion, distributed as follows: AED 3.6 billion for ready properties, which numbered 978 sales transactions, AED 2.2 billion for 621 off-plan properties, while mortgages recorded 2,179 transactions worth AED 6.7 billion.
The Emirate of Abu Dhabi continues to consolidate its position as one of the most prominent and reliable real estate investment destinations, thanks to the diversity of the offering and its commitment to transparency in providing data to investors, which contributes to developing the quality of real estate services in Abu Dhabi. The momentum witnessed by the emirate also reflects its advanced infrastructure that supports the growth of various projects, thus enhancing the competitive business environment.