Real Estate

Abu Dhabi Property Transactions Surge as Off-Plan Demand Increases

Abu Dhabi Property Transactions Surge as Off-Plan Demand Increases

Abu Dhabi’s property market sees a surge in transactions and mortgage activity over two months, led by Yas and Reem Island projects.

Abu Dhabi’s real estate market recorded a surge in transaction volumes over the last eight weeks, driven by heightened demand for off-plan residential projects and high-value commercial acquisitions. Data from the Department of Municipalities and Transport (DMT) indicates a steady climb in both mortgage values and direct sales across the capital’s investment zones. Off-Plan Sales Dominate Market Residential transactions accounted for the majority of market activity between October and November. The Al Reem Island and Yas Island sectors emerged as the most active hubs, benefiting from new project launches that targeted mid-to-high-tier investors. Analysts point to the transparency provided by the Dari platform as a primary driver for increased buyer confidence among domestic and international investors. Mortgage activity also saw a measurable uptick, with financial institutions facilitating larger loan-to-value ratios for first-time buyers. This trend mirrors the broader UAE economic performance, characterized by non-oil sector growth and a growing population requiring long-term housing solutions. Commercial and Infrastructure Impact Beyond residential sales, the commercial sector…