The value of real estate transactions in the Emirate of Abu Dhabi, since the beginning of July, amounted to about 6.41 billion dirhams, through 1,726 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 2.95 billion dirhams, through 960 sales transactions, while the total value of real estate mortgages amounted to about 3.46 billion dirhams, through 766 mortgage transactions.
Saadiyat Island topped Abu Dhabi’s real estate transactions in terms of value this month, with a residential unit spanning 1,661 square metres sold for AED 70 million. A 3-bedroom apartment on Saadiyat Island spanning 3,031 square metres sold for AED 12.7 million, and a 6-bedroom off-plan villa on Saadiyat Island spanning 5,914 square metres sold for AED 12.636 million.
The real estate market in Abu Dhabi has witnessed rapid growth during the past period, thanks to the strategic initiatives and projects implemented by the department, in cooperation with the relevant authorities, to facilitate investors’ investment in the real estate sector.