Nawayef Village
Nawayef Village Hudayriyat Island Villas Townhouses & Twin Villas By Modon Nawayef Village Modon Holding, a prestigious Abu Dhabi-based company,
The real estate market in Abu Dhabi has been making waves, showcasing an impressive performance during the first quarter of 2023. The latest data released by the Department of Municipalities and Transport (DMT) reveals extraordinary growth in transactions, sales value, and investor participation. Let’s dive into the exciting details that highlight the flourishing real estate landscape in Abu Dhabi.
Abu Dhabi’s real estate sector witnessed a substantial surge in transactions, with a staggering 147% increase compared to the same period last year. The DMT recorded 3,518 buying and selling transactions, amounting to a total value of AED16.2 billion. This represents a remarkable 104% growth in the number of transactions and an impressive 268% increase in the total sales value.
Mortgage transactions also experienced a significant boost during Q1 2023. The DMT recorded 1,954 mortgages worth AED11.7 billion, indicating a substantial 24% increase in transaction volume and an impressive 70% growth in the total value of mortgage deals. This upward trend reflects the increasing confidence and investment activity in Abu Dhabi’s real estate market.
The first quarter of 2023 attracted a wave of new investors to Abu Dhabi’s real estate market. The number of new investors rose by 42%, highlighting the market’s allure and potential for returns. Moreover, non-resident investors showed a remarkable 75% increase, accounting for 10.71% of the total investors. This surge in investor participation demonstrates the growing appeal of Abu Dhabi’s real estate opportunities.
Abu Dhabi’s real estate market is thriving, as evidenced by its exceptional performance in Q1 2023. The sector’s impressive growth in transaction volume, sales value, mortgage deals, and investor interest showcases the city’s robust real estate landscape. Whether you’re considering buying, selling, or investing in properties, Abu Dhabi’s market offers a range of exciting opportunities. Stay tuned to capitalize on the flourishing real estate market in Abu Dhabi.
Visit our social media accounts and website to discover how we can help you navigate the thriving real estate market in Abu Dhabi and make the most of the opportunities available. Contact us today at 800 795 or info@royallp.com to start your real estate journey in Abu Dhabi!
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