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- Results of Abu Dhabi Real Estate Market – H1 2023
Results of Abu Dhabi Real Estate Market in H1 2023
According to Abu Dhabi's Department of Municipalities and Transport, were registered 10,557 real estate transactions worth $12.6 billion:
6,730 sales transactions – $6.8 billion
3,827 mortgage transactions – $5.8 billion
Compared to H1 2022, the total sales transactions increased by 88.6% in volume and by 184.6% in value.
TOP 5 areas with the highest transaction value:
- Al Saadiyat Island – $816.7 million
- Yas Island – $707.9 million
- Al Reem Island – $653.4 million
- Al Jubail Island – $408.4 million
- Al Shamkha City – $272.2 million
The developer, Aldar Properties, has announced its net profit reached $354 million in Q2 2023
It increased by 52% compared to the same period in 2022.
Earlier, the developer announced the start of pre-registration at the residential complex, Source ll, in Abu Dhabi
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