2024-01-01 09:23:02
Abu Dhabi – Mubasher: The real estate sector in the Emirate of Abu Dhabi recorded transactions amounting to 21,484 real estate sales and mortgage transactions, with a value amounting to regarding 77.9 billion dirhams from the beginning of 2023 until December 29, 2023.
According to the “Dari” digital system platform for real estate services of the Department of Municipalities and Transport in Abu Dhabi, the number of real estate sales transactions since the beginning of the year 2023 has reached regarding 14,416 transactions, with a sales value of regarding 51.9 billion dirhams.
The number of mortgage transactions during the same period also reached 7,068 transactions, with a value of 26 billion dirhams.
222 real estate projects have been launched since the launch of the platform at the beginning of 2022, including 69 100% integrated projects, 67 ready projects, and 86% projects under construction, with completion rates ranging between 10% and 99%.
According to the platform, the proposed projects varied between residential projects to create residential buildings and villas for citizens, and commercial projects and multi-use projects in different areas in the city of Abu Dhabi, the city of Al Ain, and the Al Dhafra region.
It is noteworthy that the real estate market in Abu Dhabi has grown rapidly over the past years, thanks to the strategic initiatives and projects implemented by the department, in cooperation with the competent authorities to make it easier for investors to invest in the sector.
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