Abu Dhabi Property Sales Reach AED13.1bn in April as Transactions Surge

Abu Dhabi recorded 3,212 real estate transactions worth AED13.1 billion during April 2024, signaling a surge in investor activity across the capital. Data from the Department of Municipalities and Transport (DMT) confirms that the total value of sales and mortgages rose as the emirate expands its residential and commercial footprint. Sales and Mortgage Breakdown Individual property sales accounted for 2,246 transactions, totaling AED9.1 billion. This volume reflects high demand for both off-plan projects and ready-to-move-in units. Saadiyat Island, Yas Island, and Al Reem Island remain the primary drivers of this growth, attracting the majority of high-value residential acquisitions. The mortgage sector also saw substantial activity, with 966 agreements registered in April. The total value of these mortgage transactions reached AED4 billion, providing liquidity for both developers and retail buyers in the competitive market. Growth Drivers and Market Stability The latest figures from the DARI platform indicate that Abu Dhabi’s real estate sector is maintaining a steady upward trajectory. Sustained growth in transaction volumes and values is attributed to updated regulatory…