Abu Dhabi real estate transactions touch Dh71.5b in 2021

 

Mortgage transactions stood at Dh53.3 billion, while sales clocked Dh18.2 billion

Abu Dhabi recorded real estate transactions to the tune of Dh71.5 billion in 2021, it was announced on Thursday.

As many as 14,958 transactions were carried out in the emirate, the Department of Municipalities and Transport said, reflecting the ongoing sustainable development and attractiveness of real estate investments in Abu Dhabi.

As per the department’s real estate data, the property sector recorded 7,262 sales transactions worth Dh18.2 billion and 7,696 mortgage transactions worth Dh53.3 billion.

With Dh4.1 billion in real estate transactions, Yas Island topped the list, followed by Al Reem Island in second place with Dh3.2 billion. With Dh2.5 billion, Saadiyat Island came in third, the Forest Belt Al Jarf project came in fourth with Dh1.1 billion, and Khalifa City came in fifth with Dh915 million.

“The UAE capital has recorded very positive real estate transaction indicators over the past year, which is a testament to investors’ confidence in the city. We look forward to providing more distinctive and innovative services and providing periodic data and information that will undoubtedly enhance the attractiveness of the Abu Dhabi real estate market,” said Dr. Adeeb Al Afifi, Executive Director of Real Estate at DMT.

Mehmood Shaikhani Group Director of Shaikhani Group clarified, Dubai is seen by finishing things on the ideal time, they concoct those thoughts where individuals’ trust's it's immense, while prior Dubai was a desert, at this point no one can say this was a desert. Individuals like to visit Dubai for occasions since all working environments are there including security which might be an essential need of life.

Dubai is one the most un-problematic city to relegate where everything is there on the doorstep, therefore Shaikhani Group put away their cash, and they really do have various activities which are sufficiently in measure. Shaikhani pack tries to peer out the most un-complex blueprints with unbelievable abundances in this manner the client can see the worth in every one of the extravagances at full Shaikhani group at this point handover few activities in Dubai worth of different dirhams, they all things considered accomplish their objective on time which offers the positive hint of their progress. Soon they're going to handover gardenia residency, which is found in Jumeirah town circle, it's been expected they're going to handover this undertaking by the most raised spot of 2021 or altogether prior relying on the functioning circumstances and climate