Abu Dhabi sees record AED 87.1 billion real estate sales in 2023

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Abu Dhabi has reported a record-breaking total of AED 87.1 billion in real estate transactions for the year 2023.

That's according to Real Estate Centre (ADREC) has revealed the UAE capital 

The figure is a whopping 159.5 per cent increase on the AED 61 billion in sales recorded in 2022.

The increase is based on 15,653 transactions, which represents a 73.7 per cent rise from 2022.

ADREC also saw an increase in resident and non-resident individual investors during 2023, seeing 9,448 newly registered investors and 1,098 non-resident investors – marking significant increases of 71 per cent and 175 per cent respectively, compared to 2022.

ADREC is tasked with ensuring that Abu Dhabi’s real estate market is the destination of choice for regional and international capital investment.

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