Abu Dhabi is going strong

As per the latest report released by the Department of Municipalities and Transport (DMT), Abu Dhabi’s real estate market sustained growth driven by investor optimism, recording 7,474 property transactions amounting to over Dh22.51 billion in the first six months of the year.

The department’s half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged.

DMT’s real estate trading index shows 3,568 real estate purchase and sale transactions worth Dh8.9 billion and 3,906 mortgage transactions worth Dh13.61 billion.

Yas Island topped the list with transactions worth Dh1.8 billion with Al Saadiyat Island coming in at second place with transactions worth Dh1.2 billion. With Dh1 billion, Al Shamkha came in third, Al Reem Island came in fourth with Dh872 million, and the Khalifa City came in fifth with Dh310 million.

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Reference: https://gulfnews.com/business/property/top-dubai-property-sales-palm-jumeirah-flat-goes-for-dh632-million-burj-khalifa-apartment-for-dh352-million-1.89473458

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