Abu Dhabi residential sales prices rise, rental costs drop in H1 2022: Bayut & dubizzle

Bayut and dubizzle have released their Abu Dhabi property market reports for H1 2022. The data from the portals has revealed that sales prices for properties in the capital have recorded an upward trajectory, whereas rental costs have generally decreased across prominent areas in the emirate. 

According to Bayut & dubizzle’s H1 2022 property market reports, the sales prices for residential properties in Abu Dhabi have risen by 1 per cent to 14 per cent in the affordable segment, whereas those in the luxury segment have experienced surges of 1 per cent to 8 per cent.

Potential investors and buyers have shown an inclination toward family-friendly suburbs like Al Ghadeer and Al Reef, while those interested in luxury apartments have mostly gravitated towards Al Reem Island, Yas Island and Saadiyat Island.

Al Reef has continued to be the top choice for affordable villa sales, while waterfront communities such as Saadiyat Island, Yas Island and Al Raha Gardens have been popular with high-net-worth (HNW) buyers.

Budget-conscious tenants have focused their searches on established neighbourhoods, such as Khalifa City A and Al Khalidiyah to rent apartments. On the other hand, waterfront districts like Al Reem Island and Al Raha Beach have remained popular for luxury apartment rentals.

Mohammed Bin Zayed City has retained its standing as the most popular area to rent budget-friendly villas in Abu Dhabi, whereas Al Mushrif has emerged as the most popular choice for luxury villa rentals.

Properties for sale

Villas:  Saadiyat Island attracted the highest buyer interest for upscale villas in Abu Dhabi.

The average price-per-square-foot for villas in Saadiyat Island has increased by 7.8 per cent going from Dhs1,440  in H2 2021 to Dhs1,554 in H1 2022, indicating healthy demand for waterfront properties.

On the other hand, villas in Yas Island have reported a 3.1 per cent appreciation in average sales price-per-square-foot, which averaged at Dhs1,147 in H1 2022.

Al Raha Gardens has seen its price-per-square-foot for villas decrease slightly by under 1 per cent, to stand at Dhs809 in H1 2022.

Read: Abu Dhabi records real estate transactions worth Dhs22.5bn in H1 2022