Month: July 2023

In July, the total value of real estate transactions in Abu Dhabi amounted to AED 3.34 billion, as reported by the DARI platform of the Abu Dhabi Department of Municipalities and Transport.

According to the platform, sales transactions were valued at AED 1.67 billion through 442 sales transactions, while mortgage transactions also reached AED 1.67 billion through 385 mortgage deals.

The platform noted that during the past week, transactions totaled AED 209.4 million through 67 sales and mortgage deals. Specifically, sales amounted to AED 104.7 million across 32 transactions, and mortgages reached AED 104.7 million through 35 transactions.

Abu Dhabi’s real estate market has been experiencing rapid growth in recent years, driven by strategic initiatives and projects undertaken by the department in collaboration with relevant authorities to facilitate investment in the sector.

The DARI platform aims to unify real estate services in Abu Dhabi, offering a comprehensive and advanced real estate service experience that enhances investment appeal and ensures transparency in data provision.

It offers a range of services including property sales and leasing transactions, documentation, certificate issuance, and access to a directory of registered real estate projects and licensed professionals.

The platform also provides market indicators, including transaction values, mortgages, off-plan sales, and interactions with real estate brokers, as well as information on future investment opportunities in the emirate’s real estate market.

The DARI digital property services platform, affiliated with the Department of Municipalities and Transport in Abu Dhabi, has introduced 10 new real estate projects, including 4 that are completed and delivered, and 6 ready for handover in the Al Raha area. These projects contribute to the provision of 4,126 residential units for residential buildings and villa construction.

The projects listed on the platform, launched by the Department of Municipalities and Transport in collaboration with various development companies, include 3 villa projects, 9 building projects, and 1 land project.

The platform highlighted the “Al Raha Loft 1” project by the developer Reportage Investment, which includes 163 residential units with a completion rate of 100%, and the “Al Raha Loft 2” project by Reportage Investment, which includes 110 residential units, also with a completion rate of 100%. The “Al Hamam Tower” project by Al Dhabi Real Estate includes 74 residential units with a completion rate of 100%, and the “Lamar” project by Aabar Investments includes 292 residential units, while the “The View” project by Boutaina Property Management includes 77 residential units.

Aldar Properties has 5 projects in this list: the “Al Muneera Island” project with 1,445 residential units, the “Al Raha Beach” project with a completion rate of 100%, the “Al Zeina” project with 1,221 residential units, the “Al Hadeel” project with 233 residential units, and the “Al Bandar” project with 511 residential units.

The DARI platform aims to integrate real estate services in Abu Dhabi into a unified platform to provide comprehensive, advanced real estate services. It offers users a flexible and seamless experience in managing various real estate transactions, enhancing the attractiveness of real estate investment, and ensuring transparency in providing data to investors, which contributes to improving the quality of real estate services in Abu Dhabi.

The platform provides numerous services including property sales, rentals, documentation, issuing certificates, a directory of registered real estate projects, a guide for licensed professionals in the real estate market, market indicators including transaction values, mortgages, off-plan sales, communication with real estate brokers, and introduces investors to future investment opportunities in the Abu Dhabi real estate market. It also offers access to a list of transactions related to buying, selling, and mortgages.