Abu Dhabi records real estate deals worth AED 22 billion

Przemyslaw Ziolek / Shutterstock

Real estate transactions, worth over AED 22.5 billion, were recorded in Abu Dhabi in the first half of this year.

The Department of Municipalities and Transport's (DMT) latest report indicates that all kinds of land, buildings, and real estate were purchased, sold, and mortgaged.

As many as 7,474 transactions were registered during the January-June period, led by 3,568 purchase and sale transactions (worth AED 8.9 billion) and 3,906 mortgage transactions (AED 13.61 billion).

With deals worth AED 1.8 billion, Yas Island topped the list of areas that witnessed the highest volume and value of transactions.

Al Saadiyat Island came in second with transactions worth AED 1.2 billion, followed by Al Shamkha (AED 1 billion), Al Reem Island (AED 872 million) and Khalifa City (AED 310 million).


More from Business