Abu Dhabi recorded more than 5,100 real estate sales and mortgages in first three months of 2024

Abu Dhabi real estate transactions reached AED15.9bn ($4.3bn) during the first quarter of 2024 (Q1 2024), according to data from the DARI platform of the Department of Municipalities and Transport (DMT).

It recorded a total of 5,127 sales and mortgage transactions on various types of real estate units.

The emirate logged 2,919 sales and purchases transactions in Q1 2024 totalling more than AED9.6bn ($2.6bn).

Abu Dhabi real estate data
This includes 1,167 ready-made real estate units and 1,752 off-plan units.

DARI data showed that Abu Dhabi recorded about 2,208 mortgage deals during Q1, with a total value of AED6.3bn ($1.7bn).

Meanwhile, the top three real estate transactions logged in the emirate during the past week, with Al Saadiyat Island and Yas Island topping the list of the largest transactions for Aldar Properties projects.

The total value of transactions on Yas Island amounted to AED23.5m ($6.4m), while the one on Al Saadiyat Island totalled AED14.3m ($3.9m).

Read more: https://www.arabianbusiness.com/