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Published on 10/29/2024

Abu Dhabi Villa Prices Surge 8.2% Annually and 2.2% Quarterly

Saadiyat Island Leads Growth as Real Estate Market Remains Robust

Villa prices in Abu Dhabi rose by 8.2% annually and 2.2% quarterly according to the latest ValuStrat Price Index which increased 1.7% quarterly and 5.3% year-on-year. Saadiyat Island led with a remarkable 19.9% rise in villa prices.

The average home value is now Dh9,924 per square metre with villas at Dh8,127 per square metre and apartments at Dh10,667. Rental values also grew with an annual increase of 5.8% and a quarterly rise of 2.6%. Villas saw a 5.7% annual increase in rental prices while apartments rose by 6%.

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In 2024, 1,442 apartments and 593 villas were completed representing nearly 23% of the expected new residential units. Off-plan property prices increased by 32.5% quarterly and 33% annually although transaction volumes fell due to fewer project launches.

Abu Dhabi's real estate market remains robust with 2,594 mortgage transactions totaling Dh13.5 billion in value. This consistent growth across various sectors reinforces Abu Dhabi's competitive position in the UAE real estate landscape, according to ValuStrat.