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Abu Dhabi's real estate transactions hit AED 74bn in 2020

Abu Dhabi's real estate transactions hit AED 74bn in 2020
Abu Dhabi recorded 19,000 executed transactions in 2020

UAE - Mubasher: The total value of Abu Dhabi's real estate transactions reached AED 74 billion in 2020, up 28% compared to AED 58 billion in 2019, according to the Emirates News Agency (WAM).

Last year, Abu Dhabi recorded 19,000 executed transactions, including sales and mortgages of land, buildings, and real estate units, as shown by a report by the Department of Municipalities and Transport on Abu Dhabi's annual real estate transactions.

The total value of the emirate's real estate sales amounted to AED 30 billion in 2020, with 8,000 transactions.

Meanwhile, 11,000 transactions valued at AED 44 billion were executed for Abu Dhabi's real estate mortgages, with lands and buildings representing the majority of these transactions amounting to AED 42.5 billion.