The Abu Dhabi property market showed steady growth in 2024, with 14,662 transactions worth AED 47.92B, reflecting a 4% increase in activity.
Residential properties made up 66% of the transaction volume and 53% of the total value, with 9,707 deals amounting to AED 25.6B.
The off-plan segment in Abu Dhabi recorded around 5,385 transactions, representing 55.5% of the total market activity in 2024.
Off-plan property values reached AED 16.34B, accounting for 63.8% of the total residential sales transaction value during the year.
Transactions involving existing properties experienced a notable year-on-year growth of 53.4% in volume, totalling approximately 4,320 deals in 2024.
These existing property transactions contributed to 64% of the overall transaction volume for the year.
The value of transactions for ready properties reached AED 9.27B, making up 44.5% of the total sales value in 2024.
This marked a year-on-year increase of 34.7% in the transactional value of existing properties.
Cherif Sleiman, Chief Revenue Officer of Property Finder, remarked: “2024 was a landmark year for the UAE real estate sector with record-breaking transaction volume and value, setting the stage for continued growth in 2025. It is an exciting period for the industry, as Dubai’s off-plan market and Abu Dhabi’s property portfolio both show strong momentum.”
