\nAbu Dhabi<\/a><\/h2>\n<\/div>\n\n\n\n
Abu Dhabi<\/a><\/h2>\n<\/div>\n\n\n\n\nDubai<\/a><\/h2>\n<\/div>\n<\/div>![\"Market](\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-01-at-2.43.03-PM-800x403.png\")
<\/figure>Highlights<\/strong><\/h2>Find below the highlights of the market during the second quarter of 2023.<\/p>
\n- The market witnessed a significant increase in transactions which shows the investors’ confidence, owing to the government’s ongoing efforts to enhance regulatory frameworks and investment environments.<\/li>\n<\/ul>
\n- The off-plan<\/a> market continues to support real estate growth across both emirates: Abu Dhabi and Dubai, with significant increases in sales transactions and value expected to sustain in the coming months.<\/li>\n<\/ul>
Abu Dhabi <\/strong><\/h2>Highlights<\/strong><\/h3>\n- The solid investor confidence in addition to notable uptake of new projects and the introduction of innovative developments in Abu Dhabi led to an increase in the sales transaction year-on-year in Q2 2023.
This was a result of 1,838 <\/strong>off-plan transactions during this quarter, as compared to 947<\/strong> transactions in Q2 2022.<\/li>\n<\/ul>\n- Consequently, this number represents 71.4%<\/strong> of the total transactions, compared to 60.7%<\/strong> in Q2 2022.
<\/li>\n\n\n\n- During Q2 2023, the market also showed a significant YoY increase of 94.1%<\/strong> in terms of volume and a 118%<\/strong> increase in value.<\/li>\n<\/ul>
![\"Market](\"https:\/\/www.propertyfinder.ae\/blog\/wp-content\/uploads\/2023\/08\/Screenshot-2023-08-01-at-2.44.45-PM-800x350.png\")
<\/figure>Total Sales Transactions<\/strong><\/h3>\n- The total sales transactions (Residential and Commercial) in Abu Dhabi increased by 57.7%<\/strong> in Q2 2023, as transactions during this quarter reached 2,635<\/strong>, <\/strong>while in Q1 of 2022, it was 1,671.<\/strong><\/li>\n<\/ul>
\n- The share of the residential transactions was 97.6%<\/strong> of the total volume and about 89%<\/strong> of the total value.
<\/li>\n\n\n\n- In terms of volume:<\/strong> the residential transactions reached 2,573<\/strong> during Q2 2023, which shows a significant YoY increase of 65%, <\/strong>compared to 1,559<\/strong> during the same quarter last year.
<\/li>\n\n\n\n- In terms of value:<\/strong> it amounted to AED 6.5 billion<\/strong>, compared to AED 3.7<\/strong> billion<\/strong> last year during the same period, achieving an increase of 78%<\/strong>. <\/li>\n<\/ul>
Off-plan Sales Transactions <\/strong><\/h3>\n- In Q2 2023, the off-plan market continued its support of Abu Dhabi’s real estate market. It witnessed 1,838<\/strong> off-plan sales transactions in Q2 2023<\/strong>, while in Q2 2022<\/strong>, it had only 947<\/strong> transactions.
This represents 71.4%<\/strong> of the total transactions; on the other hand, Q2 2022’s total sales transactions were 60.7%<\/strong>, which reflects an astonishing increase. <\/li>\n<\/ul>\n- This shows a significant YoY increase of 94.1%<\/strong> when it comes to volume and 118%<\/strong> in terms of value compared to Q2 2022.
<\/li>\n\n\n\n- The value of the off-plan sales transactions amounted to AED<\/strong> 4.704 billion<\/strong>, compared to AED 2.157<\/strong> billion<\/strong> in Q2 2022.
<\/li>\n\n\n\n- The market also witnessed a decrease of 4.3%<\/strong> in the off-plan transaction value in Q2 2023 compared to Q1 2023.<\/li>\n<\/ul>
Existing\/Ready Sales Transactions<\/strong><\/h3>\n- In Q2 2023, the existing\/ready market witnessed the registration of 735<\/strong> ready properties, while in Q2 2022, it amounted to 612<\/strong>. <\/li>\n<\/ul>
\n- The number of registered properties in Q2 2023, represents about 28.6%<\/strong> of the total transactions; relating to Q2 2022, the percentage back then was 39.3%<\/strong>.<\/li>\n<\/ul>
\n- In Q2 2023, the existing\/ready sales transactions value has a share of 28.1%<\/strong> of the total sales transactions value.<\/li>\n<\/ul>
\n- The existing\/ready transactions value reached AED 1.834<\/strong> billion<\/strong> in Q2 2023, while in Q2 2022, it amounted to AED 1.517 billion<\/strong>, reflecting a notable rise of 20.9%<\/strong>.<\/li>\n<\/ul>
High-in-Demand Areas for Sale and Rent<\/strong><\/h3>
Dubai<\/a><\/h2>\n<\/div>\n<\/div><\/figure>Highlights<\/strong><\/h2>Find below the highlights of the market during the second quarter of 2023.<\/p>
\n- The market witnessed a significant increase in transactions which shows the investors’ confidence, owing to the government’s ongoing efforts to enhance regulatory frameworks and investment environments.<\/li>\n<\/ul>
\n- The off-plan<\/a> market continues to support real estate growth across both emirates: Abu Dhabi and Dubai, with significant increases in sales transactions and value expected to sustain in the coming months.<\/li>\n<\/ul>
Abu Dhabi <\/strong><\/h2>Highlights<\/strong><\/h3>\n- The solid investor confidence in addition to notable uptake of new projects and the introduction of innovative developments in Abu Dhabi led to an increase in the sales transaction year-on-year in Q2 2023.
This was a result of 1,838 <\/strong>off-plan transactions during this quarter, as compared to 947<\/strong> transactions in Q2 2022.<\/li>\n<\/ul>\n- Consequently, this number represents 71.4%<\/strong> of the total transactions, compared to 60.7%<\/strong> in Q2 2022.
<\/li>\n\n\n\n- During Q2 2023, the market also showed a significant YoY increase of 94.1%<\/strong> in terms of volume and a 118%<\/strong> increase in value.<\/li>\n<\/ul><\/figure>
Total Sales Transactions<\/strong><\/h3>\n- The total sales transactions (Residential and Commercial) in Abu Dhabi increased by 57.7%<\/strong> in Q2 2023, as transactions during this quarter reached 2,635<\/strong>, <\/strong>while in Q1 of 2022, it was 1,671.<\/strong><\/li>\n<\/ul>
\n- The share of the residential transactions was 97.6%<\/strong> of the total volume and about 89%<\/strong> of the total value.
<\/li>\n\n\n\n- In terms of volume:<\/strong> the residential transactions reached 2,573<\/strong> during Q2 2023, which shows a significant YoY increase of 65%, <\/strong>compared to 1,559<\/strong> during the same quarter last year.
<\/li>\n\n\n\n- In terms of value:<\/strong> it amounted to AED 6.5 billion<\/strong>, compared to AED 3.7<\/strong> billion<\/strong> last year during the same period, achieving an increase of 78%<\/strong>. <\/li>\n<\/ul>
Off-plan Sales Transactions <\/strong><\/h3>\n- In Q2 2023, the off-plan market continued its support of Abu Dhabi’s real estate market. It witnessed 1,838<\/strong> off-plan sales transactions in Q2 2023<\/strong>, while in Q2 2022<\/strong>, it had only 947<\/strong> transactions.
This represents 71.4%<\/strong> of the total transactions; on the other hand, Q2 2022’s total sales transactions were 60.7%<\/strong>, which reflects an astonishing increase. <\/li>\n<\/ul>\n- This shows a significant YoY increase of 94.1%<\/strong> when it comes to volume and 118%<\/strong> in terms of value compared to Q2 2022.
<\/li>\n\n\n\n- The value of the off-plan sales transactions amounted to AED<\/strong> 4.704 billion<\/strong>, compared to AED 2.157<\/strong> billion<\/strong> in Q2 2022.
<\/li>\n\n\n\n- The market also witnessed a decrease of 4.3%<\/strong> in the off-plan transaction value in Q2 2023 compared to Q1 2023.<\/li>\n<\/ul>
Existing\/Ready Sales Transactions<\/strong><\/h3>\n- In Q2 2023, the existing\/ready market witnessed the registration of 735<\/strong> ready properties, while in Q2 2022, it amounted to 612<\/strong>. <\/li>\n<\/ul>
\n- The number of registered properties in Q2 2023, represents about 28.6%<\/strong> of the total transactions; relating to Q2 2022, the percentage back then was 39.3%<\/strong>.<\/li>\n<\/ul>
\n- In Q2 2023, the existing\/ready sales transactions value has a share of 28.1%<\/strong> of the total sales transactions value.<\/li>\n<\/ul>
\n- The existing\/ready transactions value reached AED 1.834<\/strong> billion<\/strong> in Q2 2023, while in Q2 2022, it amounted to AED 1.517 billion<\/strong>, reflecting a notable rise of 20.9%<\/strong>.<\/li>\n<\/ul>
High-in-Demand Areas for Sale and Rent<\/strong><\/h3>
<\/figure>Highlights<\/strong><\/h2>Find below the highlights of the market during the second quarter of 2023.<\/p>
\n- The market witnessed a significant increase in transactions which shows the investors’ confidence, owing to the government’s ongoing efforts to enhance regulatory frameworks and investment environments.<\/li>\n<\/ul>
\n- The off-plan<\/a> market continues to support real estate growth across both emirates: Abu Dhabi and Dubai, with significant increases in sales transactions and value expected to sustain in the coming months.<\/li>\n<\/ul>
Abu Dhabi <\/strong><\/h2>Highlights<\/strong><\/h3>\n- The solid investor confidence in addition to notable uptake of new projects and the introduction of innovative developments in Abu Dhabi led to an increase in the sales transaction year-on-year in Q2 2023.
This was a result of 1,838 <\/strong>off-plan transactions during this quarter, as compared to 947<\/strong> transactions in Q2 2022.<\/li>\n<\/ul>\n- Consequently, this number represents 71.4%<\/strong> of the total transactions, compared to 60.7%<\/strong> in Q2 2022.
<\/li>\n\n\n\n- During Q2 2023, the market also showed a significant YoY increase of 94.1%<\/strong> in terms of volume and a 118%<\/strong> increase in value.<\/li>\n<\/ul><\/figure>
Total Sales Transactions<\/strong><\/h3>\n- The total sales transactions (Residential and Commercial) in Abu Dhabi increased by 57.7%<\/strong> in Q2 2023, as transactions during this quarter reached 2,635<\/strong>, <\/strong>while in Q1 of 2022, it was 1,671.<\/strong><\/li>\n<\/ul>
\n- The share of the residential transactions was 97.6%<\/strong> of the total volume and about 89%<\/strong> of the total value.
<\/li>\n\n\n\n- In terms of volume:<\/strong> the residential transactions reached 2,573<\/strong> during Q2 2023, which shows a significant YoY increase of 65%, <\/strong>compared to 1,559<\/strong> during the same quarter last year.
<\/li>\n\n\n\n- In terms of value:<\/strong> it amounted to AED 6.5 billion<\/strong>, compared to AED 3.7<\/strong> billion<\/strong> last year during the same period, achieving an increase of 78%<\/strong>. <\/li>\n<\/ul>
Off-plan Sales Transactions <\/strong><\/h3>\n- In Q2 2023, the off-plan market continued its support of Abu Dhabi’s real estate market. It witnessed 1,838<\/strong> off-plan sales transactions in Q2 2023<\/strong>, while in Q2 2022<\/strong>, it had only 947<\/strong> transactions.
This represents 71.4%<\/strong> of the total transactions; on the other hand, Q2 2022’s total sales transactions were 60.7%<\/strong>, which reflects an astonishing increase. <\/li>\n<\/ul>\n- This shows a significant YoY increase of 94.1%<\/strong> when it comes to volume and 118%<\/strong> in terms of value compared to Q2 2022.
<\/li>\n\n\n\n- The value of the off-plan sales transactions amounted to AED<\/strong> 4.704 billion<\/strong>, compared to AED 2.157<\/strong> billion<\/strong> in Q2 2022.
<\/li>\n\n\n\n- The market also witnessed a decrease of 4.3%<\/strong> in the off-plan transaction value in Q2 2023 compared to Q1 2023.<\/li>\n<\/ul>
Existing\/Ready Sales Transactions<\/strong><\/h3>\n- In Q2 2023, the existing\/ready market witnessed the registration of 735<\/strong> ready properties, while in Q2 2022, it amounted to 612<\/strong>. <\/li>\n<\/ul>
\n- The number of registered properties in Q2 2023, represents about 28.6%<\/strong> of the total transactions; relating to Q2 2022, the percentage back then was 39.3%<\/strong>.<\/li>\n<\/ul>
\n- In Q2 2023, the existing\/ready sales transactions value has a share of 28.1%<\/strong> of the total sales transactions value.<\/li>\n<\/ul>
\n- The existing\/ready transactions value reached AED 1.834<\/strong> billion<\/strong> in Q2 2023, while in Q2 2022, it amounted to AED 1.517 billion<\/strong>, reflecting a notable rise of 20.9%<\/strong>.<\/li>\n<\/ul>
High-in-Demand Areas for Sale and Rent<\/strong><\/h3>
- \n
- The off-plan<\/a> market continues to support real estate growth across both emirates: Abu Dhabi and Dubai, with significant increases in sales transactions and value expected to sustain in the coming months.<\/li>\n<\/ul>
Abu Dhabi <\/strong><\/h2>
Highlights<\/strong><\/h3>
- \n
- The solid investor confidence in addition to notable uptake of new projects and the introduction of innovative developments in Abu Dhabi led to an increase in the sales transaction year-on-year in Q2 2023.
This was a result of 1,838 <\/strong>off-plan transactions during this quarter, as compared to 947<\/strong> transactions in Q2 2022.<\/li>\n<\/ul>- \n
- Consequently, this number represents 71.4%<\/strong> of the total transactions, compared to 60.7%<\/strong> in Q2 2022.
<\/li>\n\n\n\n- During Q2 2023, the market also showed a significant YoY increase of 94.1%<\/strong> in terms of volume and a 118%<\/strong> increase in value.<\/li>\n<\/ul>
<\/figure>Total Sales Transactions<\/strong><\/h3>
- \n
- The total sales transactions (Residential and Commercial) in Abu Dhabi increased by 57.7%<\/strong> in Q2 2023, as transactions during this quarter reached 2,635<\/strong>, <\/strong>while in Q1 of 2022, it was 1,671.<\/strong><\/li>\n<\/ul>
- \n
- The share of the residential transactions was 97.6%<\/strong> of the total volume and about 89%<\/strong> of the total value.
<\/li>\n\n\n\n- In terms of volume:<\/strong> the residential transactions reached 2,573<\/strong> during Q2 2023, which shows a significant YoY increase of 65%, <\/strong>compared to 1,559<\/strong> during the same quarter last year.
<\/li>\n\n\n\n- In terms of value:<\/strong> it amounted to AED 6.5 billion<\/strong>, compared to AED 3.7<\/strong> billion<\/strong> last year during the same period, achieving an increase of 78%<\/strong>. <\/li>\n<\/ul>
Off-plan Sales Transactions <\/strong><\/h3>
- \n
- In Q2 2023, the off-plan market continued its support of Abu Dhabi’s real estate market. It witnessed 1,838<\/strong> off-plan sales transactions in Q2 2023<\/strong>, while in Q2 2022<\/strong>, it had only 947<\/strong> transactions.
This represents 71.4%<\/strong> of the total transactions; on the other hand, Q2 2022’s total sales transactions were 60.7%<\/strong>, which reflects an astonishing increase. <\/li>\n<\/ul>- \n
- This shows a significant YoY increase of 94.1%<\/strong> when it comes to volume and 118%<\/strong> in terms of value compared to Q2 2022.
<\/li>\n\n\n\n- The value of the off-plan sales transactions amounted to AED<\/strong> 4.704 billion<\/strong>, compared to AED 2.157<\/strong> billion<\/strong> in Q2 2022.
<\/li>\n\n\n\n- The market also witnessed a decrease of 4.3%<\/strong> in the off-plan transaction value in Q2 2023 compared to Q1 2023.<\/li>\n<\/ul>
Existing\/Ready Sales Transactions<\/strong><\/h3>
- \n
- In Q2 2023, the existing\/ready market witnessed the registration of 735<\/strong> ready properties, while in Q2 2022, it amounted to 612<\/strong>. <\/li>\n<\/ul>
- \n
- The number of registered properties in Q2 2023, represents about 28.6%<\/strong> of the total transactions; relating to Q2 2022, the percentage back then was 39.3%<\/strong>.<\/li>\n<\/ul>
- \n
- In Q2 2023, the existing\/ready sales transactions value has a share of 28.1%<\/strong> of the total sales transactions value.<\/li>\n<\/ul>
- \n
- The existing\/ready transactions value reached AED 1.834<\/strong> billion<\/strong> in Q2 2023, while in Q2 2022, it amounted to AED 1.517 billion<\/strong>, reflecting a notable rise of 20.9%<\/strong>.<\/li>\n<\/ul>
High-in-Demand Areas for Sale and Rent<\/strong><\/h3>
- The existing\/ready transactions value reached AED 1.834<\/strong> billion<\/strong> in Q2 2023, while in Q2 2022, it amounted to AED 1.517 billion<\/strong>, reflecting a notable rise of 20.9%<\/strong>.<\/li>\n<\/ul>
- In Q2 2023, the existing\/ready sales transactions value has a share of 28.1%<\/strong> of the total sales transactions value.<\/li>\n<\/ul>
- The number of registered properties in Q2 2023, represents about 28.6%<\/strong> of the total transactions; relating to Q2 2022, the percentage back then was 39.3%<\/strong>.<\/li>\n<\/ul>
- The value of the off-plan sales transactions amounted to AED<\/strong> 4.704 billion<\/strong>, compared to AED 2.157<\/strong> billion<\/strong> in Q2 2022.
- This shows a significant YoY increase of 94.1%<\/strong> when it comes to volume and 118%<\/strong> in terms of value compared to Q2 2022.
- In terms of volume:<\/strong> the residential transactions reached 2,573<\/strong> during Q2 2023, which shows a significant YoY increase of 65%, <\/strong>compared to 1,559<\/strong> during the same quarter last year.
- The share of the residential transactions was 97.6%<\/strong> of the total volume and about 89%<\/strong> of the total value.
- During Q2 2023, the market also showed a significant YoY increase of 94.1%<\/strong> in terms of volume and a 118%<\/strong> increase in value.<\/li>\n<\/ul>
- Consequently, this number represents 71.4%<\/strong> of the total transactions, compared to 60.7%<\/strong> in Q2 2022.
- The solid investor confidence in addition to notable uptake of new projects and the introduction of innovative developments in Abu Dhabi led to an increase in the sales transaction year-on-year in Q2 2023.