Abu Dhabi’s real estate market started 2024 strong, with nearly $2.9 billion in transactions across 2,514 deals in January, as reported by the Department of Municipalities and Transport’s DARI platform. Sales transactions were the primary contributor, totaling $1.7 billion across 1,730 deals. Mortgages also saw notable activity, reaching $1.06 billion through 756 transactions. Usufruct transactions, which involve long-term leasehold agreements, accounted for more than $87 million across 28 properties.

DARI’s data also revealed that total property sales and mortgage transactions in Abu Dhabi amounted to $1.6 billion, with 721 sales valued at $680 million and 658 mortgages totaling $980 million. This strong performance highlights the emirate’s growing appeal as a prime investment destination, driven by its advanced infrastructure and high-quality real estate offerings. The market’s resilience and continued growth underscore Abu Dhabi’s position as a key player in the region’s real estate sector.

In 2024, Abu Dhabi launched 38 new off-plan projects and completed 12 major developments, carefully selected for their diverse options, innovative designs, and affordability. The Abu Dhabi Real Estate Center (ADREC) recently reported a remarkable 125% year-on-year increase in foreign direct investment (FDI) in the sector, totaling over $2.1 billion. This surge in investment was driven by more than 2,300 investors from 105 countries, including the US, UK, Kazakhstan, Russia, France, and China, further cementing Abu Dhabi’s position as a top destination for global real estate investment.