In a significant surge, real estate transactions in Abu Dhabi soared to over AED 5 billion in January 2024. The Department of Municipalities and Transport's "DARI" platform reported 1,386 transactions, encompassing sales and mortgages across various property types.

The value of real estate mortgages in the emirate surpassed AED 2.6 billion, comprising 635 mortgage deals. Meanwhile, sales transactions totaled over AED 2.5 billion, with 751 transactions recorded. These included 363 ready properties and 388 off-plan units.

Highlighting the largest transactions in Abu Dhabi city, Mohamed bin Zayed City led with a transaction value of AED 16.6 million for "Prestige Tower," followed by Saadiyat Island with AED 12.7 million for "Mamsha Al Saadiyat."

The robust performance of the real estate sector in Abu Dhabi reflects an upward trajectory, buoyed by government incentives and high-quality projects. The Department's initiatives, alongside efforts by real estate entities, have positioned Abu Dhabi as a favorable destination for both local and international investors. This growth underscores the emirate's global competitiveness and solidifies its status as a thriving real estate market.