The thriving UAE capital reports a whopping AED 71.5 billion real estate transactions in 2021, a research by the Department of Municipalities and Transport (DMT) - Abu Dhabi, revealed.
"The new results reflect Abu Dhabi’s sustainable real estate development and ongoing attractiveness as a leading city for investment and living," said Dr Adeeb Alafeefi, Executive Director of DMT Real Estate Sector.
- 252 plots sold for AED 1.1 billion
- 1,437 apartments and villas sold for AED 2.47 billion
Al Hebiah Fifth recorded the most transactions for this week by 90 sales transactions worth AED 201.51 million, followed by Jabal Ali First with 57 sales transactions worth AED 140.61 million, and Al Hebiah Fourth with 39 sales transactions worth AED 332 million in third place.
The top three transfers for apartments and villas were an apartment sold for AED 500 million in Marsa Dubai, an apartment sold for AED 214 million in Al Merkadh, and thirdly an apartment sold for AED 174 million in Burj Khalifa.
The sum of the amount of mortgaged properties for the week was AED 955.1 million, with the highest being a land in Island 2, mortgaged for AED 158 million.
56 properties were granted between first-degree relatives worth AED 54 million.