Abu Dhabi records property transactions worth AED 31 billion


Real estate transactions worth over AED 30 billion were registered in Abu Dhabi during the first half of this year.

According to the Department of Urban Planning and Municipalities, Al Reem Island, Al Reef and Yas Island topped the list of locations for sales activities.

The volume of mortgages was also high during the period, reflecting the confidence of lenders in the property market.

Abu Dhabi's real estate laws were updated in April to allow foreigner ownership of freehold property in certain investment zones.


More from Business

Coming Up on Dubai Eye

  • The Business Breakfast

    6:00am - 10:00am

    The Business Breakfast is the day’s must listen for the UAE’s business leaders, and those who aspire to be.

  • The Agenda with Tom Urquhart

    10:00am - 1:00pm

    Your chance to have your say and debate the issues you love or loathe. It’s the chance to set The Agenda on the big topics of the day.

On Dubai Eye