ABU DHABI (WAM)
Abu Dhabi's mortgage market witnessed a robust 20% increase in Q3 2024, with transactions totalling Dh13.5 billion across 2,594 deals. This marks the highest quarterly volume in several years.
According to Dari, a comprehensive digital platform designed to serve Abu Dhabi's real estate sector, the real estate sector in Abu Dhabi continued to thrive during this period, with total real estate transactions amounting to Dh22.7 billion. The emirate achieved a total sales value of Dh9.2 billion, selling 3,161 real estate units. This included Dh4.1 billion from 1,480 completed units and Dh5.1 billion from 1,681 off-plan units.
The total value of real estate transactions from the beginning of this year until the end of September reached Dh55.6 billion. This was achieved through nearly 18,000 sales and mortgage transactions involving various types of units, with Dh30.5 billion from sales and Dh25.1 billion from mortgages.
In the past nine months, 10,440 real estate units were sold, including 4,137 completed units and 6,303 off-plan units. The total number of mortgage transactions was 7,559. Last week alone, the value of real estate transactions exceeded Dh0.5 billion, totalling Dh233.5 million in sales and Dh366.3 million in mortgages.