Abu Dhabi Real Estate Transactions Hit AED 23.5 Billion In First Half of 2021
Updated: Oct 1, 2021
The Department of Municipalities and Transport has announced that the 2021 first-half report for real estate transactions in Abu Dhabi reached AED 23.57 billion. The H1 recorded value was accounted for by 7,046 land, building, and unit real estate deals, 3,425 of which amounted to AED 9.02 billion, while a further AED 14.55 billion was generated from 3,621 mortgage transactions.
Al Reem Island came in first place in the 2021 H1 report with the highest value in terms of total sales at AED 2.07 billion, followed by Yas Island with total sales of AED 1.61 billion, Saadiyat Island in third place with AED 1.36 billion, then Khalifa City at AED 388 million and Al Raha Beach at AED 316 million, with the balance of sales distributed in various other regions in the Emirate of Abu Dhabi.
His Excellency Dr Adeeb Al Afeefi, Executive Director of the Real Estate Sector at DMT, said: "The emirate's real estate market has recorded remarkable growth this year, despite the recent changes in the global markets. These results reflect DMT's efforts to deliver on our leaders' vision of strengthening Abu Dhabi's position as one of the world's leading destinations for investment, living and stability, and building integrated communities with the best services and infrastructure, which would contribute to sustainable prosperity and promote quality of life in the Emirate of Abu Dhabi."
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