Real estate transactions in Abu Dhabi for the third quarter 2021 reached AED 16.2 billion, according to a report issued by the Department of Municipalities and Transport (DMT).
Among the 3,932 real estate transactions involving land, buildings and units, 1,708 generated AED 4.6 billion, while 2,224 mortgage transactions generated AED 11.6 billion.
Yas Island topped the Q3 2021 report with the highest value in terms of total sales at AED 1.1 billion, followed by Saadiyat Island with total sales of AED 705 million.
“Abu Dhabi’s real estate transaction results for the third quarter of 2021 demonstrate the strength of the emirate’s sustainable economy and the extent of its effective response to the stimulus measures and economic incentives adopted by our leaders,” Dr. Adeeb Al Afeefi, Executive Director of the Real Estate Sector at DMT said.