Bayut – Abu Dhabi property – Annual Sales and Rental Market Report for 2023

Bayut – Abu Dhabi property – Annual Sales and Rental Market Report for 2023

Abu Dhabi, UAE –  Bayut, the UAE’s leading property portal, has released its Abu Dhabi Annual Sales and Rental Market Report for 2023, providing a comprehensive analysis of the real estate market in the UAE capital. With these comprehensive reports, Bayut reveals key insights into the current market trends, pricing dynamics and future forecasts in the sales and rental market of Abu Dhabi. Based on the search trends observed on the platform, the prices of properties in Abu Dhabi have been on an upward trend, which could be advantageous for those looking to sell or rent out their properties. While there was an increase in sales prices in several areas driven by high demand, this trend was particularly noticeable in upscale neighbourhoods offering high-end amenities and facilities. Trends for Buying Properties in Abu Dhabi For affordable apartments, Al Reef and Al Ghadeer have been the most searched areas. Luxury apartment seekers have also generated high search volumes for units in Al Reem Island, Yas Island and Saadiyat Island in 2023. Data from Bayut shows that sales prices for luxury apartments and villas in Abu Dhabi's sought-after neighbourhoods have risen by up to 13% in 2023. Saadiyat Island was a particular