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- Q1 2024: Abu Dhabi Real Estate Market
Popular Areas for Property Purchase and Rent from January to June 2024, according to the Bayut portal
Compared to H2 2023 prices of apartments in Abu Dhabi:
- Affordable rose by 10%
- Luxury rose by 6%
Most Popular Areas for Buying Properties in H1 2024
– Affordable
Apartments – Al Reef
Villas – Al Reef
– Luxury
Apartments – Al Reem Island
Villas – Yas Island
Rental Rate Increase, Compared to 2023
Apartments
- Affordable rose by 9%
- Luxury rose by 20%
Villas
- Affordable rose by 7%
- Luxury rose by 12%
Most Popular Areas for Renting Properties in H1 2024
– Affordable
Apartments – Khalifa City
Villas – Mohammed Bin Zayed City
– Luxury
Apartments – Al Reem Island
Villas – Yas Island
Annual Rental Prices for a 1-bedroom Apartment
TOP 5 Affordable Areas:
1. Tourist Club Area – $9,000
2. Al Khalidiyah – $11,000
3. Khalifa City – $12,000
4. Al Shamkha – $12,000
5. Al Muroor – $15,000
TOP 5 Luxury Areas:
1. Al Reem Island – $18,000
2. Yas Island - $19,000
3. Al Raha Beach – $19,000
4. Corniche Area – $23,000
5. Saadiyat Island – $26,000
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