Abu Dhabi's Department of Municipalities and Transport (DMT) has announced that a total of 10,557 property transactions worth more than AED46.33 billion ($12.6 billion) had been recorded for the first six months of the year, thus revealing its continued growth driven by investor optimism.

 

Abu Dhabi real estate trading index shows 6,730 purchase and sale transactions worth AED25.09 billion and 3,827 mortgage transactions worth AED21.24 billion, stated DMT in its latest half-yearly report that indicates all kinds of land, buildings and real estate purchased, sold and mortgaged.

 

In the list of top five areas in terms of the numbers and values of real estate transactions in Abu Dhabi for H1, Saadiyat Island emerged as the winner with transactions worth AED3 billion, followed by Yas Island coming in at second place with transactions worth AED2.6 billion.

 

With AED2.4 billion, Reem Island came in third, Jubail Island emerged fourth with AED1.5 billion, and Al Shamkha City came in fifth with AED1 billion.

 

Dr Adeeb Al Afifi, Executive Director of the Real Estate Sector at the DMT, said: "Abu Dhabi's real estate market continues to thrive, showcasing a resilient and optimistic investor sentiment. The recently released report by the DMT reaffirms our market's enduring appeal and solid growth potential, positioning Abu Dhabi as an attractive destination for local and global investors."

 

Diverse investors from the UAE, GCC, and around the world have continued to boost the emirate's real estate market, he stated. 

 

"As we enter the second half of 2023, we expect to see significant investment opportunities, particularly with the introduction of several new projects that will boost Abu Dhabi's real estate market," added Al Afifi.