Abu Dhabi, UAE — Real estate deals worth AED 87.1 billion ($23.71 billion) were recorded in Abu Dhabi during 2023, according to the Abu Dhabi Real Estate Centre (ADREC), a dedicated affiliate of the Department of Municipalities and Transport (DMT).
The value of buying and selling activities surged by 159.5 percent compared to 2022, reaching AED61 billion. ADREC reported this increase based on 15,653 transactions, representing a 73.7 percent rise from 2022.
The overall buying, selling, and mortgage activities across the sector increased by 12.2 percent compared to 2022. The reported results are based on a total of 22,751 transactions, which rose by 19.5 percent from the previous year’s number of transactions.
ADREC also noted an increase in resident and non-resident individual investors during 2023, which reflects the diversity of Abu Dhabi’s thriving real estate sector.
The Emirate saw 9,448 newly registered investors and 1,098 non-resident investors – marking significant increases of 71 percent and 175 percent respectively, compared to 2022.
ADREC said these results reflect its mission to position Abu Dhabi as a global real estate destination and lead the growth of its entire real estate ecosystem.