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Abu Dhabi records real estate deals worth $1.36 billion in Jan

The UAE stressed on the necessity of a ceasefire in Gaza. (WAM)
By TRENDS Desk
February 1, 2024 3:42 pm
  • The value of real estate mortgages in the emirate reached about AED2.6 billion through 635 mortgage deals.
  • Mohamed bin Zayed City topped the list with a value of AED16.6 million for "Prestige Tower", followed by Saadiyat Island with AED12.7 million for "Mamsha Al Saadiyat".

Abu Dhabi, UAE — Real estate transactions in the Emirate of Abu Dhabi amounted to over AED 5 billion ($1.36 billion) in the first month of 2024, comprising 1,386 transactions of sales and mortgages on various types of real estate units.

According to the “DARI” platform, affiliated with the Department of Municipalities and Transport in Abu Dhabi, the value of real estate mortgages in the emirate reached about AED2.6 billion through registering 635 mortgage deals.

The total value of sales since the beginning of the current year until today exceeded AED2.5 million, representing 751 sales transactions, distributed among 363 ready properties and 388 off-plan.

The platform highlighted the largest transactions for Abu Dhabi city by value in the past week. Mohamed bin Zayed City topped the list with a value of AED16.6 million for “Prestige Tower”, followed by Saadiyat Island with AED12.7 million for “Mamsha Al Saadiyat”.

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