Abu Dhabi real estate transactions reach Dhs11.5 billion in 1st quarter

SourceGulf Today
SectorReal Estate
CountryUAE

The Q1 recorded value included approximately 3,847 lands, buildings and unit’s real estate deals. WAM

The emirate of Abu Dhabi has recorded Dhs11.5 billion real estate transactions in the first quarter of  2021, The Department of Municipalities and Transport announced on Monday. The Q1 recorded value included approximately 3,847 lands, buildings, and unit’s real estate deals.

According to the first report this year, the value of real estate transactions amounted to around Dhs5 billion, comprising 1,755 transactions, while the value of mortgages exceeded Dhs 6.5 billion generated from 2,092 transactions.

Al Reem Island came in the first place in 2021 first-quarter report with the highest value in terms of total sales – at about (Dhs1.6 billion) – followed by Abu Dhabi Island with (Dhs907million).

Yas Island came in third place in terms of total sales (Dhs649 million) followed by Saadiyat Island (Dhs446 million), Khalifa City (Dhs225 million),

...read more...