Abu Dhabi completes Dh11.5bn of property transactions in Q1

SourceThe National
SectorReal Estate
CountryUAE

Real estate transactions worth Dh11.5 billion ($3.1bn) were completed during the first quarter of this year in the UAE capital, according to Abu Dhabi’s Department of Municipalities and Transport.

The deals covered 3,847 pieces of land, buildings and real estate units.

About Dh5bn of the deals involved real estate transactions and Dh6.5bn covered mortgage transactions.

A comparative figure was not provided, but the department announced first quarter deals of Dh19.2bn for 2020 in April last year, before business and travel interruptions were brought about by the Covid-19 pandemic.

“We always make sure to publish these periodic reports, as we understand that consumers

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