Abu Dhabi’s real estate market saw some AED 96.2 bn in transactions in 2024, marking a 24.2% y-o-y increase in volume and a 10.5% rise in value, according to Abu Dhabi Real Estate Center data cited by the Abu Dhabi Media Office. Sales accounted for the lion’s share of transactions, netting some AED 58.5 bn, while mortgages totaled AED 37.7 bn.

The emirate’s property market also saw a 125% y-o-y rise in foreign direct investment, attracting AED 7.9 bn from 2.3k investors across 105 countries, including the US, UK, and China.

It was also a big year for new developments: Abu Dhabi kicked off 38 new off-plan projects and completed 12 major developments in 2024.

IN AJMAN-

Ajman saw some AED 20.5 bn in real estate transactions in 2024, up 21% y-o-y, Wam reports. The Al Jurf 1 area reported the highest sale value at AED 300 mn, while the Al Amera area recorded the highest mortgage value at AED 155 mn.

ICYMI- Dubai’s real estate sector reached an all-time high in 2024, recording AED 761 bn in transactions, reflecting a 36% y-o-y increase in volume and a 20% rise in value. The sector attracted 110k new investors — a 55% y-o-y rise — and saw 217k investments worth AED 526 bn.

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