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16.2 billion dirhams, the value of real estate transactions in Abu Dhabi during the third quarter

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The value of real estate transactions in the Emirate of Abu Dhabi amounted to 16.2 billion dirhams during the third quarter of this year, which was achieved through 3,932 transactions, including transactions and mortgages of lands, buildings and real estate units of all kinds.

The results of the real estate trading indicators issued by the Department of Municipalities and Transport showed that the real estate sector in the emirate recorded 1,708 real estate purchase transactions worth 4.6 billion dirhams, and 2,224 mortgage transactions worth 11.6 billion dirhams.

Yas Island topped the list of transactions with 1.1 billion dirhams, followed by Saadiyat Island in second place with 705 million dirhams, and the Forest Belt Al-Jurf project ranked third with 658 million dirhams, Al Reem Island ranked fourth with 485 million dirhams, while Khalifa City ranked fifth with 237 million dirhams.

His Excellency Dr. Adeeb Al-Afifi, Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, said that the results of real estate transactions in the Emirate of Abu Dhabi for the third quarter of 2021 show the strength of the economy in the emirate and the extent of its effective response to recovery plans, in addition to the economic incentives adopted by the wise leadership to reflect these results the efforts that This will effectively contribute to enhancing Abu Dhabi’s position on the map of the best cities in the world for investment, living and stability, and building integrated communities with services and infrastructure, which would contribute to the sustainability of prosperity and quality of life in the Emirate of Abu Dhabi.


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