Abu Dhabi saw real estate transactions boom in 2022
Abu Dhabi’s Department of Municipalities and Transport recorded 19,033 transactions, reaching a total value of AED77.6bn ($21bn) in 2022.
Abu Dhabi’s real estate sector saw 9,010 sales transactions worth AED23.5bn ($6.4bn) and 10,023 mortgage transactions worth AED54.1bn ($14.7bn)
Yas Island topped the list in terms of total value of real estate transactions in Abu Dhabi last year.
Abu Dhabi real estate
- Yas Island, AED4.2bn
- Al Reem Island, AED3.4bn
- Saadiyat Island, AED3.1bn
- Al Shamkha, AED2.1bn
- Zayed City, AED1bn.
The real estate market in Abu Dhabi saw significant growth and strong performance in 2022 compared to 2021.
The value of real estate transactions rose by 8.5 percent, while the number of transactions jumped by 27.2 percent in the same period.
This progress demonstrates the Emirate’s resilience and reinforces the key role of Abu Dhabi’s real estate sector in diversifying the UAE’s economy.
DMT has also announced seven new real estate investment areas in the Emirate of Abu Dhabi for 2022.
#DMT revealed the value & number of #realestate transactions in 2022, with 19,033 transactions valued at 77.6 billion dirhams, highlighting the continued strength of #AbuDhabi’s real estate market, & its sustainable growth.@AbuDhabi_ADM @alainmun @DRMunicipality @ITCAbuDhabi pic.twitter.com/T5pqLDt6Pe
— دائرة البلديات والنقل (@AbuDhabiDMT) March 3, 2023
These investment areas have been chosen for their diversity in project offerings, unit designs and affordability, making them appealing to a wide range of investors with varying preferences.
The recently announced investment zones constitute a significant expansion to the emirate’s total number of investment zones, reaching 25 by the end of 2022.
These zones will be open to foreign investors, providing them with an extended range of investment opportunities.
Due to their prime location, these investment zones offer a competitive edge, flexible markets, and outstanding infrastructure.
توفر المناطق الاستثمارية العقارية الجديدة فرص بميزة تنافسية ومرونة سوقية عالية وإمكانية تملك الأجانب في مواقع حيوية تحفز الراغبين بالاستثمار العمل والعيش والاستقرار في إمارة أبوظبي@AbuDhabi_ADM @alainmun @DRMunicipality @ITCAbuDhabi pic.twitter.com/slEIpIfsQl
— دائرة البلديات والنقل (@AbuDhabiDMT) March 3, 2023
Moreover, they provide a secure and stable environment that makes them ideal for those who seek to live, work, or invest in the region.
Adeeb Al Afifi, Executive Director of the Real Estate sector at DMT, said: “In 2022, the real estate market in Abu Dhabi has sustained positive outcomes and high growth rates, thanks to a range of government policies and measures.
“This has not only broadened investment options in the real estate market but has also increased transparency in this vital sector. As a result, investor confidence in the real estate market has strengthened, enhancing Abu Dhabi’s position as one of the most attractive global destinations for real estate investment.”
The projects in the new real estate investment areas in Abu Dhabi are in several key areas.
Bloom Holding is developing several projects in Abu Dhabi. The first is the “Bloom Living” project in Zayed City, a modern and integrated residential complex offering numerous facilities and services. It includes more than 4,500 housing units consisting of villas, townhouses, and apartments.
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