Abu Dhabi Real Estate Market – Q3 2023 Results

Abu Dhabi Real Estate Market – Q3 2023 Results

According to the commercial real estate services company, CBRE, in Q3 2023, compared to Q3 2022:

Total volume of residential transactions increased by 84.3% – 2,930

Off-plan rose by 101.6%

Ready increased by 46%

In the first 9 months of 2023, compared to the same period 2022:

Total volume of residential transactions rose by 91.1% – 7,844

Off-plan increased by 135.5%

Ready rose by 22.7%

• Average Prices

Apartments rose by 0.9%

Villas declined by 0.1%

• Average Annual Rents

Apartments – $18,200

Villas – $44,000

• Property Supply

During the first 9 months of 2023 – 2,262 units

Expected by the end of 2023 +3,521 units