November 14, 2022
1 min read

Abu Dhabi real estate transactions over AED21.04bn in Q3 2022

The DMT’s quarterly showed that the emirate recorded 1,995 real estate sales worth AED 5.39 billion, and 2,446 mortgage transactions worth AED 15.64 billion…reports Asian Lite News

Abu Dhabi’s real estate market witnessed continued growth in the third quarter of 2022, recording a total of 4,441 transactions amounting to over AED 21.04 billion, according to the latest report published by the Department of Municipalities and Transport (DMT).

The DMT’s quarterly showed that the emirate recorded 1,995 real estate sales worth AED 5.39 billion, and 2,446 mortgage transactions worth AED 15.64 billion.

Yas Island topped the list logging transactions worth AED 1 billion, while Al Saadiyat Island coming in second with transactions worth AED 929 million. With a total of AED 641 million in transactions, Al Shamkha ranked third, followed by Al Reem Island with AED 541 million, and Khalifa City with AED 208 million. Meanwhile, Mohammed bin Zayed City recorded transactions worth AED 182 million.

Dr. Adib Al Afifi, Executive Director of the Real Estate Sector at DMT, said, “The real estate market in the Emirate of Abu Dhabi continues to achieve outstanding results and continuous and sustainable growth. By providing more options for investment in the real estate market and increasing the transparency of this vital sector contributes to the strengthening of Abu Dhabi’s global position as one of the most lucrative destinations for real estate investment.”

ALSO READ-Real Estate group becomes #1 workplace for women in GCC

Previous Story

Hunt Hints ‘Tax Pains’ Ahead For All

Next Story

Covid fuels diabetic cases

Latest from -Top News

Hamas Reiterates Peace Effort After U.S. Jab

Hamas Reaffirms Commitment to Ceasefire Talks After U.S. Criticism…reports Asian Lite News Hamas on Friday reiterated its commitment to the ongoing ceasefire negotiations, responding to remarks by U.S. Special Envoy to the

No smoking gun in Epstein files: Trump briefed

Attorney General Pam Bondi briefed Trump and Deputy Attorney General Todd Blanche at the White House in May….reports Asian Lite News US President Donald Trump was informed earlier this year that his

Israel, US recall teams from Gaza truce talks

Steve Witkoff said mediators had made a great effort but “Hamas does not appear to be coordinated or acting in good faith”…reports Asian Lite News Israel and the United States recalled their

Trump presses Fed chief to cut rates

Fed chair pushes back on Trump criticism of renovation costs as president presses central bank to cut interest rates…reports Asian Lite News Donald Trump sparred with the Federal Reserve chair, Jerome Powell,

Dubai turns malls Into fitness zones

Dubai’s Mallathon reimagines shopping centres as fitness zones, encouraging residents of all ages to walk, run, and connect—fostering healthier habits in air-conditioned comfort….reports Asian Lite News In a bold move to blend
Go toTop

Don't Miss

ADIBS exhibits the latest innovation in marine sports

The event is organised by ADNEC in strategic partnership with

UAE, France discuss future of cultural ties

The two sides also reviewed a number of areas of