Abu Dhabi real estate transactions cross Dhs21.04bn in Q3 2022

Abu Dhabi’s real estate market showed continued growth in  Q3 of 2022, recording a total of 4,441 transactions amounting to over Dhs21.04bn, according to the latest report published by the Department of Municipalities and Transport (DMT).

The DMT’s quarterly report showed that the emirate recorded 1,995 real estate sales worth Dhs5.39bn, and 2,446 mortgage transactions worth Dhs15.64bn, reported Abu Dhabi Media Office.

Yas Island topped the list logging transactions worth Dhs1bn, while Al Saadiyat Island came in second with transactions worth Dhs929m. With a total of Dhs641m in transactions, Al Shamkha ranked third, followed by Al Reem Island with Dhs541m, and Khalifa City with Dhs208m. Meanwhile, Mohammed bin Zayed City recorded transactions worth Dhs182m.

Dr Adib Al Afifi, executive director of the real estate sector at DMT, said, “The real estate market in the emirate of Abu Dhabi continues to achieve outstanding results and continuous and sustainable growth. By providing more options for investment in the real estate market and increasing the transparency of this vital sector contributes to the strengthening of Abu Dhabi’s global position as one of the most lucrative destinations for real estate investment.”