Abu Dhabi’s property sector booms, totalling AED10.6 billion in January

DUBAI: In January, Abu Dhabi’s real estate market experienced noteworthy activity, with total transactions amounting to approximately Dhs10.6 billion across 2,514 property deals, indicating ongoing positive trends in the emirate’s property sector.

Data from the DARI real estate platform, operated by the Department of Municipalities and Transport in Abu Dhabi, revealed that sales transactions reached Dhs6.5 billion through 1,730 deals. Additionally, mortgage transactions for the month totalled Dhs3.9 billion from 756 deals, while usufruct transactions—long-term lease agreements—surpassed Dhs230 million across 28 properties.

According to the platform, combined property sales and mortgage transactions in Abu Dhabi amounted to around Dhs6.1 billion, divided among 1,379 transactions, including 721 property sales totalling Dhs2.5 billion and 658 mortgage deals worth Dhs3.6 billion.

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This impressive market performance strengthens Abu Dhabi’s reputation as a prime investment destination, bolstered by its robust infrastructure and high-quality real estate offerings. The emirate continues to draw significant investment in real estate, thanks to its business-friendly environment and investor-focused regulations, making it an appealing market for both local and international investors.

Throughout 2024, the UAE’s real estate sector sustained its growth momentum, characterized by an increase in property projects and infrastructure investments, further solidifying its role as a key driver of the nation’s economic growth.

The dynamic real estate markets across the emirates highlight the UAE’s position as a global hub for property investments and an attractive locale for high-net-worth individuals, who are instrumental in boosting market activity, particularly within the luxury real estate segment.