The value of real estate transactions in Abu Dhabi reached Dh15.9 billion during the first quarter of 2024 (Q1 2024), according to data from the DARI platform of the Department of Municipalities and Transport (DMT).
The figures revealed the emirate recorded 5,127 sales and mortgage transactions on various types of real estate units during the first three months of 2024, including 2,919 sales and purchases transactions in Q1 2024 totalling over Dh9.6 billion.
The purchases included 1,167 ready-made real estate units and 1,752 off-plan units.
In addition, DARI data showed that the Emirate of Abu Dhabi recorded about 2,208 mortgage deals during Q1, with a total value of Dh6.3 billion.
Al Saadiyat Island and Yas Island topping the list of the largest transactions for Aldar Properties projects. The total value of transactions on Yas Island amounted to Dh23.5 million, while the one on Al Saadiyat Island totalled Dh14.3 million.
In February, Aldar Properties announced its plan to invest an additional Dh5 billion in developing income-generating assets across key destinations in Abu Dhabi. These assets, to be held in the company’s investment portfolio, will be delivered between 2025 and 2027.
