The value of real estate trading in Abu Dhabi has increased by 150% by the end of H1 2023, compared to the same period in 2022, Invest-Gate reports.

The Department of Municipalities and Transport in Abu Dhabi recently announced the value of real estate trading in the emirate during H1 2023, amounted to AED 46.33 bn and was achieved through 10,557 transactions. This includes 6,730 property sales transactions valued at over AED 25 bn and 3,827 mortgage transactions valued at over AED 21 bn.

Furthermore, during the same period last year, the real estate sector in the emirate witnessed 3,568 property sales transactions worth AED 8.9 bn, and 3,906 mortgage transactions valued at AED 13.61 bn.

Saadiyat Island topped the list of trading in Abu Dhabi during H1 2023 with a value of AED 3 bn, followed by Yas Island in second place with AED 2.6 bn.

Notably, Al Reem Island ranked third with a value of AED 2.4 bn, while Jubail Island came in fourth with a total of AED 1.5 bn. Al Shamkha City followed in fifth place with a value of AED 1 bn.