Real estate transactions in Abu Dhabi reach AED 16 billion in the third quarter of 2021

The Department of Municipal Affairs and Transportation (DMT) announced that Abu Dhabi’s real estate transaction report in the third quarter of 2021 reached 16.2 billion dirhams. 3,932 real estate transactions involving land, buildings and units accounted for this value, of which 1,708 transactions amounted to Dh4.6 billion, and another Dh11.6 billion came from 2,224 mortgage transactions.

Yas Island topped the list in the third quarter report of 2021, with total sales of AED 1.1 billion, followed by Saadiyat Island with total sales of AED 705 million, and AL Jarf Forest Belt with a total sales of AED 658 million. Dirhams ranked third, followed by Al Reem Island at 485 million dirhams, Khalifa City at 237 million dirhams, and sales balances distributed in other areas of the Emirate of Abu Dhabi.

His Excellency Dr. Adeeb Al Afeefi, Executive Director of DMT’s Real Estate Division, said: “The results of Abu Dhabi’s real estate transactions in the third quarter of 2021 demonstrate the strength of the emirate’s sustainable economy and its effective response to the economic crisis. The stimulus taken by our leaders Measures and economic incentives reflect DMT’s efforts to realize their vision to strengthen Abu Dhabi’s position as one of the world’s leading destinations for investment, living and stability, and to build an integrated community with the best services and infrastructure, thereby Contribute to the sustainable prosperity and quality of life of the Emirate of Abu Dhabi.”