The real estate sector in Abu Dhabi has witnessed significant growth since the beginning of the current year, 2024.

Property transactions in the emirate reached around AED11.6 bn in the first two months, with 3,593 sales and mortgage transactions executed, Invest-Gate reports.

According to the Department of Municipalities and Transport in Abu Dhabi, the sales value amounted to AED6.4 bn, representing 1,918 property sale transactions. 1,123 plots were sold for AED4.7 bn, and 795 completed property units were sold for AED1.7 bn.

Also, based on data from the platform, the value of mortgage transactions since the beginning of the year has reached about AED5.2 bn, representing 1675 mortgages across the Emirate of Abu Dhabi. Projects by Al Dar Properties topped the list of the largest transactions last week on Saadiyat Island in terms of value.

Real estate transactions in the past week amounted to over AED199.8 mn for sales operations, equivalent to 76 property units, and over AED199.8 mn for mortgages after executing up to 582 mortgage transactions.