Abu Dhabi realty deals hit Dhs22.51b as UAE firm announces sales day

  • Date: 29-Jul-2022
  • Source: Gulf Today
  • Sector:Real Estate
  • Country:UAE
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Abu Dhabi realty deals hit Dhs22.51b as UAE firm announces sales day

Staff Reporter, Gulf Today As per the latest report released by the Department of Municipalities and Transport (DMT), Abu Dhabi's real estate market sustained growth driven by investor optimism, recording 7,474 property transactions amounting to over Dhs22.51 billion. The department's half-yearly report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged. DMT's real estate trading index shows 3,568 real estate purchase and sale transactions worth Dhs8.9 billion and 3,906 mortgage transactions worth Dhs13.61 billion. Meanwhile, a leading UAE real estate developer, is organising a special sales day at the Sofitel Abu Dhabi Corniche, on Sunday (July 31). The event includes a special offer on some of the company's projects in Abu Dhabi and Dubai, including a 10% discount, 10% down payment, and 1% monthly installments until hand over. Islam Ahmed Suleiman, CEO, Reportage confirmed Reportage's interest in continuing to organize sales events, which include special offers that meet the requirements of buyers from all segments, which is boosting the company's continued strong sales in all projects. Reportage Properties sales topped Dhs1.2b during the first half of this year, compared to Dhs704 million in the first half of 2021, a growth of 70%. During the