Abu Dhabi, UAE—Real estate deals worth AED77.6 billion ($21.12 billion) were made in the UAE capital Abu Dhabi in 2022.
The emirate’s Department of Municipalities and Transport (DMT) said a total of 19,033 transactions were recorded during the year—9,010 sales worth AED23.5 billion and 10,023 mortgage deals worth AED54.1 billion.
Yas Island topped the list with transactions worth AED4.2 billion, followed by Al Reem Island (AED3.4 billion), Saadiyat Island (AED3.1 billion), Al Shamkha (AED2.1 billion) and Zayed City (AED1 billion).
The year-on-year value of realty transactions rose by 8.5 percent, while the number of transactions jumped by 27.2 percent.
DMT has also announced seven new real estate investment areas in the Emirate of Abu Dhabi for 2022. The recently announced investment zones constitute a significant expansion to the emirate’s total number of investment zones, reaching 25 by the end of 2022.
These zones will be open to foreign investors, providing them with an extended range of investment opportunities.
Dr. Adeeb Al Afifi, Executive Director of the Real Estate sector at DMT, said, “In 2022, the real estate market in Abu Dhabi has sustained positive outcomes and high growth rates, thanks to a range of government policies and measures. As a result, investor confidence in the real estate market has strengthened, enhancing Abu Dhabi’s position as one of the most attractive global destinations for real estate investment.”
