The total amount of real-estate transactions in Abu Dhabi in the first half of 2021 reached AED23.57 billion (around $6.4 billion), local reports have said.
The number was given by Abu Dhabi’s Department of Municipalities and Transport or DMT, said the reports.
The H1 recorded value is said to have been achieved through 7,046 real-estate transactions.
These reportedly include transactions and mortgages of land, buildings, and real-estate units of all kinds.
The real-estate sector in the emirate recorded 3,425 real-estate sales transactions worth AED9.02 billion (around $2.46 billion), and 3,621 mortgage transactions worth AED14.55 billion (around $3.96 billion).
Al Reem Island came in first place with the highest value in terms of total sales at AED2.07 billion (around $564 million).
It was followed by Yas Island with total sales of AED1.61 billion (around $438 million). Saadiyat Island was in the third place with AED1.36 billion (around $370 million).
It was followed by Khalifa City at AED388 million (around $106 million) and Al Raha Beach at AED316 million (around $86 million).
The rest of sales are said to have been distributed across other regions in the emirate.
Adeeb Al Afeefi, Executive Director of the Real Estate Sector at DMT, was quoted by the local reports as saying that the emirate’s real-estate market has recorded remarkable growth this year, despite the recent changes in the global markets.
