AED 71.5 billion real estate transactions in Abu Dhabi in 2021

Friday, 18 February 2022 11:19

By ARN News Staff

Abu Dhabi has recorded real estate transactions worth AED71.5 billion in the year 2021.

That's according to a report by the Department of Municipalities and Transport (DMT) - Abu Dhabi, which said it represented a combined 14,958 sales and mortgage transactions.

Yas Island topped the list of best performing areas with AED 4.1 billion in real estate deals, while Reem Islands came in second with AED3.2 billion and Saadiyat at third with AED2.5 billion.

The stats represent "Abu Dhabi’s sustainable real estate development and ongoing attractiveness as a leading city for investment and living" highlighted Dr Adeeb Alafeefi, Executive Director of DMT Real Estate Sector.

More from Business

US car buyers face higher prices, less choice under Trump's tariffs

Major automakers can deal with US President Donald Trump's tariffs on US auto imports in a number of ways, but all of them lead to higher prices, fewer choices of models or limits on features for consumers, industry experts said.
Emaar Development approves AED 2.7 bln dividend for 2024

Emaar Development shareholders have approved its Board of Directors’ proposal to distribute a dividend of AED2.7 billion ($740 million), representing 68 per cent of the share capital.
Global auto industry stocks slump as 25% tariff on US imports looms

Automaker stocks around the world slumped on Thursday after US President Donald Trump said that he would impose 25 per cent tariffs on all vehicles and foreign-made auto parts imported into the United States.
Jafza expands Logistics Park with AED 90m investment

Jafza is expanding its facilities with a AED 90 million investment in phase 2 of its cutting-edge Logistics Park, adding 360,000 sq ft, in alignment with the UAE's push to grow its logistics sector to AED 200 billion annually over the next seven years.
Trump may give China tariff reduction to get TikTok deal done

US President Donald Trump says he would be willing to reduce tariffs on China to get a deal done with TikTok's Chinese parent ByteDance to sell the short video app used by 170 million Americans.

Coming Up on Dubai Eye

The Agenda
11:00am - 1:00pm

Broadcasting every weekday, Georgia Tolley goes beyond the headlines to speak to government ministers, decision makers, analysts and local experts to find out how the news will impact those of us living in the UAE.
Afternoons with Helen Farmer
1:00pm - 4:00pm

Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

BUSINESS BREAKFAST LATEST

UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the USA
UAE President Sheikh Mohamed Bin Zayed Al Nahyan’s visit to the US to boost economic and technology ties including AI.
New iPhone Launch - Too Soon For Apple?
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Working From Home or Hardly Working?
Does working from home kill productivity or can it benefit staff by giving them more flexibility and a better work/life balance?

On Dubai Eye

Is There Sufficient House Supply In UAE
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?
Noon's First Female Delivery Driver
Glory Ehirim Nkiruka is Noon’s first ever female delivery driver. In her first ever interview, she explained why she loves her job, despite the heat!

Search Dubai Eye 103.8

AED 71.5 billion real estate transactions in Abu Dhabi in 2021

More from Business

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

Our Shows

Quick Links

Listen on the Go

Search Dubai Eye 103.8

AED 71.5 billion real estate transactions in Abu Dhabi in 2021

Share

More from Business

Coming Up on Dubai Eye

BUSINESS BREAKFAST LATEST

On Dubai Eye

Our Shows

Quick Links

Listen on the Go