Abu Dhabi Off-Plan Sales Surge as Market Transactions Hit AED 15.9 Billion

Abu Dhabi’s real estate market recorded AED 15.9 billion in residential transactions during the first quarter of 2024, with off-plan sales emerging as the primary driver of growth. Data from the Abu Dhabi Real Estate Centre (ADREC) indicates that off-plan transactions accounted for approximately 75% of the total market value during this period, reflecting a sustained shift in investor appetite toward new developments. Sales Volumes and Primary Hubs The surge in activity is concentrated in prime waterfront and infrastructure-heavy districts. Saadiyat Island, Yas Island, and Al Reem Island remain the most active zones for off-plan investments. During the current cycle, Aldar Properties and other major developers have reported rapid sell-outs for mid-to-high-end residential projects. Market analysts note that the volume of transactions has seen double-digit year-on-year growth, supported by a steady pipeline of luxury villas and high-rise apartments. Investor interest is being fueled by competitive rental yields, which in some areas of the capital now exceed 7%. Capital appreciation in sought-after locations like Yas Island has averaged between 6% and 9% over the past twelve months.…