Abu Dhabi real estate transactions reached $13bn last year.

The Abu Dhabi real estate sector showcased a solid performance in 2024, with a total of 14,662 transactions valued at AED 47.92 billion ($13 billion). This represents a 4 per cent increase in transaction volume compared to the previous year, according to Property Finder data. Let’s delve into the key highlights that shaped this dynamic year for the emirate’s property market.

Residential Properties Dominate the Market

Residential properties accounted for 66 per cent of the total transaction volume and 53 per cent of the overall value. This segment recorded 9,707 transactions, collectively worth AED 25.6 billion ($7 billion). The residential sector’s prominence underscores its significance in the emirate’s real estate landscape.

The Rise of the Off-Plan Market

The off-plan segment continued to flourish, registering approximately 5,385 transactions in 2024. This accounted for a substantial 55.5 per cent of total transactions. In terms of value, off-plan transactions reached AED 16.34 billion ($4.4 billion), contributing 63.8 per cent of the total residential sales value. The growing popularity of off-plan investments highlights investor confidence in Abu Dhabi’s future developments.

Significant Growth in Existing Property Transactions

Existing or ready property transactions saw a remarkable year-on-year growth of 53.4 per cent in volume, with approximately 4,320 transactions recorded. These transactions made up 64 per cent of the total transaction volume and were valued at AED 9.27 billion ($2.5 billion). This reflects a 34.7 per cent year-on-year increase in transactional value, emphasizing the rising demand for ready-to-move-in properties.

Expert Insights

Cherif Sleiman, Chief Revenue Officer at Property Finder, remarked, “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.”

Looking Ahead

As the market momentum continues to build, the Abu Dhabi real estate sector is poised for further growth in 2025. With an increasing focus on off-plan investments and a significant uptick in the demand for ready properties, the emirate remains an attractive destination for both investors and end-users.

The preliminary data provided by Market Watch Digest (MWD) offers a snapshot of the 2024 market performance. For more comprehensive insights, the detailed Market Watch report will be available in the coming weeks. Stay tuned to explore deeper trends and forecasts.

Are you considering investing in Abu Dhabi’s real estate market? Now is the time to explore opportunities in this thriving sector. Whether you’re looking at off-plan projects or ready-to-move-in homes, the market offers a range of options tailored to diverse needs.