Abu Dhabi Property Market Transaction in Q4 2024

Abu Dhabi Property Market Transaction in Q4 2024

The growth of the property market in Abu Dhabi during the last quarter of 2024 is worth talking about. During this period, a significant rise in overall property sales was seen. This rise in the property sales transaction indicates the increasing popularity of this city along with the increased investor confidence. In the following article, we will explore

Abu Dhabi’s property market transactions in Q4 of 2024.

Key Highlights of Abu Dhabi’s Property Market in 2024

Abu Dhabi’s property sales transactions in the Q4 of 2024 were recorded to be 11% more than the previous year. Due to rising property values and greater demand, the overall value of these transactions climbed by an astonishing 32%. Here are some key highlights from the property market of Abu Dhabi in 2024.

Increase in investors

The property market of Abu Dhabi showed a significant rise in Q4 of 2024. This rise in the sales transactions represents an increase in investors and their confidence in the market of Abu Dhabi. It shows that the investor confidence has enhanced and the Abu Dhabi market is now being considered as stable and profitable.

Demand of luxurious properties

The demand for luxurious properties in Abu Dhabi has noticeably risen in the Q4 of 2024. This changing trend was particularly seen in areas like Saadiyat Island and Al Reem Island.

Sustained Market growth

The real estate market in Abu Dhabi remained high and performed very well in the Q4 of 2024. The sustained market growth was not only seen in the commercial sector but also in the residential sector as well.

Why is the real estate market in Abu Dhabi flourishing?

There are several reasons behind the thriving real estate market in Abu Dhabi. Some of the reasons are mentioned below.

Strong economic growth

Although the global market faced uncertainties throughout the year, the real estate market in Abu Dhabi remained consistent and performed well. This strong economic growth can be considered as a consequence of the increased GDP of The United Arab Emirates, which is supported by boosting expenditures on industries like infrastructure, tourism, and technology. This strong economic growth becomes an attraction for both domestic and foreign investors.

Government policies

Another reason for the flourishing real estate market in Abu Dhabi are the government policies and efforts. The Abu Dhabi government has made several efforts in this regard, so that the real estate market in Abu Dhabi keeps performing well and stays on track. Certain laws such as the Foreign Ownership Laws, Golden Visa Program, and Regulatory Transparency made by the government are responsible for bringing more investors from all over the world to Abu Dhabi.

High rental income

Abu Dhabi is a desirable location for buy-to-let investors since it provides some of the best income from rentals in the world. This high rental income allows the investors to invest their money in the real estate market of Abu Dhabi especially in the prime areas where there are high chances of steady rental income.

Well developed infrastructure

From commercial hubs to residential colonies and tourist destinations, the government of abu dhabi is investing quite a lot on infrastructure of the city. Certain developmental projects such as Yas Island, Al Maryah Island, and Saadiyat Grove have enhanced the overall look of the city along with enhancing the real estate appeal.

Top Locations for Real Estate Investing in Q4 2024

In the last quarter of 2024, the following locations remained on the top for real estate investors in Abu Dhabi.

• Al Reem Island
• Saadiyat Island
• Yas Island
• Al Raha Beach
• Al Maryah Island