Real estate transactions in Abu Dhabi hit Dhs77.6 billion in 2022

19,033 transactions of Dhs77.6 billion were recorded in Abu Dhabi in 2022. The Department of Municipalities and Transport (DMT) said that the real estate market in the emirate saw 9,010 sales transactions to the tune of Dhs23.5 billion across 10,023 mortgage transactions worth Dhs54.1 billion.

Yas Island took the top spot with Dhs4.2 billion in transactions, while Al Reem Island came in second with Dhs3.4 billion. Saadiyat Island came in third with Dhs3.1 billion, while Al Shamkha closed deals for Dhs2.1 billion. Fifth place with Dhs1 billion in real estate transactions was Zayed City.

In 2022, the value of real estate deals in Abu Dhabi increased by 8.5% year over year, while the number of transactions increased by 27.2% during the same time frame.

Seven additional real estate investment areas in the emirate have also been announced by DMT for 2022. These areas were chosen for their diversity in project options, unit styles, and affordability. The emirate’s investment zones totalled 25 by the end of 2022 with the addition of these zones. Foreign investors will be able to invest in certain zones, according to the state news agency WAM.