The Abu Dhabi real estate sector demonstrated a moderate performance in 2024, with 14,662 transactions valued at AED47.92bn ($13bn) the market grew by 4 per cent in terms of volume, according to Property Finder data.

Residential properties represented 66 per cent of total transaction volume and 53 per cent of total value, recording 9,707 transactions worth AED 25.6bn ($7bn)

The emirate’s off-plan market registered approximately 5,385 transactions, accounting for 55.5 per cent of the total in 2024.

Abu Dhabi real estate 2024

Off-plan values reached AED16.34bn ($4.4bn), contributing to 63.8 per cent of the total residential sales transaction value.

Existing property related transactions, meanwhile, showed a significant YoY growth of 53.4 per cent in volume, reaching approximately 4,320 transactions in 2024.

These transactions accounted for 64 per cent of total transactions volume.

The total value of existing/ready transactions reached AED 9.27bn ($2.5bn), contributing 44.5 per cent of the total sales transaction value in 2024.

This represented a 34.7 per cent YoY increase in transactional value.

Cherif Sleiman, Chief Revenue Officer, Property Finder, said: “2024 was a defining year for UAE’s real estate sector thanks to a record-breaking volume and value of transactions and it looks set to continue for 2025. It is an exciting time in the industry as momentum continues to grow in Dubai’s off-plan market, as well as in Abu Dhabi’s portfolio of properties.”

Note: Market Watch Digest (MWD) serves as a streamlined version of the comprehensive Market Watch report, available in the coming weeks, designed to provide a rapid snapshot of market performance over a specific period. The data presented in MWD are preliminary and subject to change when compared to the detailed report.

Source: https://www.arabianbusiness.com/industries/real-estate/abu-dhabi-real-estate-transactions-reached-13bn-last-year