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Published on 10/31/2024

Abu Dhabi Real Estate Market Set for Record Deliveries in Q4 2024

Increase in Local and Global Demand Boosts Secondary Market Performance

The Abu Dhabi real estate market is experiencing significant growth with a record number of units expected to be delivered in Q4 2024. Notably, around 4,000 villas and townhouses are set to be handed over by major developers on Yas Island, representing 40% of the total units in Abu Dhabi.

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The influx of new units is driving demand which has already surpassed last year's total volume. The gap between off-plan and secondary markets is shrinking, indicating a shift in buyer preferences toward ready-to-move-in properties, enhancing Abu Dhabi's appeal as a desirable location.

There is a notable increase in demand from both local and global buyers, attracted by the city's amenities, safety and environment. The secondary market is performing particularly well with sales rising to AED 8 billion this year, compared to AED 7.59 billion last year. In 2023, the off-plan market recorded AED 23.1 billion while this year it has reached AED 10 billion.