Abu Dhabi: Sheikha Al Naqbi
The value of real estate transactions in the Emirate of Abu Dhabi since the beginning of this year until last week reached 52.6 billion dirhams through 13,643 sales and mortgage transactions, according to the “Dari” platform of the Department of Municipalities and Transport in Abu Dhabi.
The platform explained that the value of sales during the same period amounted to 32.6 billion dirhams through 8,889 sales transactions, including 6,038 off-plan sales transactions and 2,851 ready properties.
The results of the real estate market indicators revealed that the real estate sector in the emirate recorded AED 20 billion in mortgage value through 4,754 mortgage transactions.
The projects, which are among the largest transactions by value on the platform last week, included 5 off-plan projects and 5 completed real estate projects, with a total value of AED 35.3 million. The projects are located in areas such as Yas Island, Baniyas, Saadiyat Island, Reem Island, and Al Muntazah.
Three projects by Aldar Properties topped the list of the highest-value transactions last week. Leading the list is the “West Yas” project on Yas Island, featuring a five-bedroom villa valued at AED 5.26 million. The second is “The Source” project on Saadiyat Island, which includes a two-bedroom apartment priced at AED 4.82 million. The third is the “Louvre Abu Dhabi” project on Saadiyat Island, offering a two-bedroom apartment valued at AED 4.56 million.
