Post by : Dr. Amrinder Singh
In the first month of 2024, there were 1,386 sales and mortgages on different kinds of real estate units in the Emirate of Abu Dhabi, totaling over AED 5 billion in real estate transactions.
The Department of Municipalities and Transport in Abu Dhabi is associated with the “DARI” platform, which states that 635 mortgage deals were registered, bringing the total value of real estate mortgages in the emirate to approximately AED2.6 billion. With 751 sales transactions, 363 ready properties, and 388 off-plan, the total sales value since the start of the current year has surpassed AED 2.5 million.
The platform displayed the highest value transactions for Abu Dhabi City over the previous seven days. AED16.6 million for “Prestige Tower” in Mohamed bin Zayed City topped the list, while AED12.7 million for “Mamsha Al Saadiyat” on Saadiyat Island came in second.
The department’s quality real estate projects, along with several other initiatives started by Abu Dhabi’s real estate entities, have propelled the city’s real estate industry upward. The sector’s global competitiveness has increased as a result of these initiatives, which have strengthened its standing as an appealing environment for both domestic and foreign investors.
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