ARN News Centre

Abu Dhabi records property transactions worth AED 31 billion

Sunday, 7 July 2019 16:03

Real estate transactions worth over AED 30 billion were registered in Abu Dhabi during the first half of this year.

According to the Department of Urban Planning and Municipalities, Al Reem Island, Al Reef and Yas Island topped the list of locations for sales activities.

The volume of mortgages was also high during the period, reflecting the confidence of lenders in the property market.

Abu Dhabi's real estate laws were updated in April to allow foreigner ownership of freehold property in certain investment zones.

AD REAL ESTATE

More from Business

Dubai Taxi Company targets Ajman expansion through new partnership

Dubai Taxi Company has signed a memorandum of understanding with Ajman-based AJ Industries to explore a strategic partnership aimed at expanding mobility services across the emirate.
Dubai Chambers explores trade and investment opportunities in Ethiopia

Dubai Chambers has held a series of meetings in Ethiopia aimed at strengthening trade and investment ties between Dubai and one of Africa’s fastest-growing economies.
Dubai's RTA reports over 20% growth in digital revenue

Dubai's Roads and Transport Authority (RTA) has collected AED 5.3 billion in digital revenue in 2025, marking a 20.6 per cent growth compared to the previous year.
UAE economy expands 6.2%, GDP reaches AED 1.9 trillion

The UAE economy continues its strong growth trajectory, with the country's GDP expanding by 6.2 per cent in 2025 to reach AED 1.9 trillion.
UAE highlights trade, logistics cooperation at Eurasia forum

Representing UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan, Minister of Foreign Trade Dr. Thani bin Ahmed Al Zeyoudi attended the Eurasia Economic Forum in Astana, Kazakhstan.