ABU DHABI’S REAL ESTATE MARKET
According to several recent studies, the development of the real estate market in the UAE is considered the backbone of Abu Dhabi’s economic journey, which has listed Abu Dhabi on the list of best cities in the world for stability, living and investment. In addition, the digital transformation of real estate services, including sales management, leasing contracts, developmental projects management and data provision on real estate transactions; made the Emirate of Abu Dhabi top the list of the most developed markets in the world in for the past years and until now.
The Department of Municipality and Transportation conducts Abu Dhabi’s real estate transactions periodically, for the first half of 2022 real estate transactions. Where the total value of real estate transactions amounted to 22.51 million dirhams, which numbered 7,474, while the value of real estate sales amounted to 8.9 million dirhams, and numbered 3,568. Whereas the value of Mortgages amounted to 13.61 million dirhams, of 3,906 mortgages, and that is according to regions; including: