The mortgage market in Abu Dhabi saw significant growth in the third quarter of 2024, with a 20% increase in transactions, amounting to AED13.5 billion across 2,594 deals. This marks the highest quarterly transaction volume the market has seen in several years. Dari, a leading digital platform catering to the real estate sector in Abu Dhabi, reported that the total value of real estate transactions during this period reached AED22.7 billion. Of this, AED9.2 billion came from the sale of 3,161 real estate units, which included AED4.1 billion from 1,480 completed units and AED5.1 billion from 1,681 off-plan properties.
From the start of 2024 until the end of September, real estate transactions in Abu Dhabi totalled AED55.6 billion, covering nearly 18,000 sales and mortgage deals. This included AED30.5 billion in sales and AED25.1 billion in mortgages. In the first nine months of the year, 10,440 real estate units were sold, with 4,137 completed units and 6,303 off-plan units.
Mortgage transactions during this period reached 7,559. In just the last week alone, the value of real estate deals exceeded AED0.5 billion, with AED233.5 million in sales and AED366.3 million in mortgages.
Original source: https://www.zawya.com/en/business/real-estate/abu-dhabi-breaks-mortgage-records-in-q3-with-37bln-in-transactions-goo0dg25
