Record Number of Real Estate Transactions

Record number of real estate transactions was registered in Abu Dhabi in 2023

– According to the Department of Municipalities and Transport (DMT)

In 2023, compared to 2022:

• Total Transaction Value – $23.7 Billion
• Total Number of Transactions rose by 19.5%
• Sale Transactions Value rose by 159.5% – $16.6 Billion

Number of investors

– UAE Residents increased by 71% – 9,448

– Non-residents increased by 175% – 1,098

In February 2024, Ajman saw the major increase in golden residency property deals

– 102 transactions totaling $93 million.

According to the Ajman Real Estate Management Department, the total number of real estate transactions – 129, the amount – $195 million:

• Commercial – $155 Million
• Residential – $28 Million
• Industrial – $12 Million