Abu Dhabi Real Estate Market

Abu Dhabi Real Estate Market – 2023 Results

Property Sales

Compared to 2022:

Total volume rose by 75% – 13,298 transactions

– High record for a year

Value increased by 120% – $11.9 billion

Existing properties' volume rose by 26% – 3,147 transactions

Value increased by 17% – $2.2 billion

Off-plan volume rose by 99% – 10,151 transactions

Value increased by 174% – $9.7 billion

Sales prices for a 1-bedroom apartment in TOP 5 popular areas:

1. Al Reem Island – $231,000
2. Yas Island – $259,000
3. Al Raha Beach – $327,000
4. Saadiyat Island – $599,000
5. Masdar City – $204,000

Property Rental

Annual rental prices for a 1-bedroom apartment in TOP 5 popular areas:

1. Al Reem Island – $16,000
2. Al Raha Beach – $17,000
3. Khalifa City – $11,000
4. Corniche Road – $24,000
5. Al Khalidiya – $16,000