Abu Dhabi real estate recorded growth in ROI up to 8.86% from July to September, according to Bayut Q3 2024.
Al Reef, Al Ghadeer and Masdar City are top locations for affordable apartments in Abu Dhabi. For luxury apartments, Al Reem Island, Al Raha Beach and Yas Island are popular areas.
The popular locations for affordable villas include Al Reef, Khalifa City, Al Shamkha while luxury villas that gained most attractions cover Yas Island, Al Raha Gardens, and Saadiyat Island. The average per sq ft for affordable apartments has increased to 2%, luxury apartments up to 8%, with highest increase in Saadiyat Island. While the sales market for affordable villas up to 6%, average price per sq ft to Khalifa City 5.65%, reflecting growing demand for affordable homes.
Source: The Escapes
Villas in Yas Island saw the highest increase in average price per sq ft at 4.94%. It is notable that luxury apartments enjoy returns between 7.22% and 6.99% for premium real estate in Yas Island and Al Reem Island. Whereas, in affordable segment, villas in Hydra Village generated returns of 8.06% and Gate City at 6.69%.
Abu Dhabi’s off-plan properties have gained attractions from investors and home buyers. Royal Park in Massdar City is the most attractive area alongside state-of-the-art infrastructure, stunning views, high-end amenities
The government is taking further initiatives to enhance data accessibility digital initiatives and DARI rea estate platform, positioning it to further grow in real estate sector.