In Q2 2024, Property Finder’s Market Watch report indicates that the Abu Dhabi real estate sector recorded transactions amounting to AED 6.7B ($1.8B).
Abu Dhabi witnessed 2,489 transactions valued at nearly AED 6.7B ($1.8B) during the same period.
The volume of existing property transactions in Abu Dhabi increased by about 41 percent year-on-year (YoY), totaling approximately 1,166 transactions in Q2 2024.
During Q2 2024, the value of real estate transactions in Abu Dhabi rose by 42 percent YoY, reaching AED 3.8B ($1B), compared to AED 2.7B ($735M) in Q2 2023.
Existing properties accounted for 57 percent of the total sales transaction value, up from 33 percent in Q2 2023, indicating growing returns and a preference for ready properties.
Simultaneously, Abu Dhabi recorded about 1,323 off-plan transactions in Q2 2024, constituting 53 percent of all transactions.
Sales transaction values in Q2 2024 amounted to AED 2.87B ($781M), contributing 43 percent to the total value.
Cherif Sleiman, Chief Revenue Officer at Property Finder, commented: “Our quarterly findings highlight the diverse range of options available to home seekers in the UAE, including attractive investment opportunities that appeal to a wide range of buyers, regardless of wealth, location preferences, market maturity, and required amenities.”
“We see a demand for ready properties in Abu Dhabi, as well as longer-term off-plan investments in Dubai.”
“These trends are partly attributable to the efforts of regulators like the DLD, who are dedicated to collaborating with private sector entities to ensure market transparency.”
