The value of real estate trades in the Emirate of Abu Dhabi recorded 11.5 billion in the first quarter of 2021. The value of these trades has been achieved through (3847) treatment, including land, buildings and real estate units in the capital Abu Dhabi as announced by the Department of Municipalities and Transport.
According to the Emirates News Agency, the report on real estate trading indicators issued by the Department of Municipalities and Transport, recorded registration of the real estate sector in the emirate 1755 AED 5 billion and 2092 real estate treatment worth 6.5 billion dirhams.
Al Reem Island issued a trading list of 1.6 billion dirhams, followed by the Abu Dhabi Island area of AED 907 million. Yas Island ranked third at AED 649 million from transactions. The island of Saadiyat ranked fourth AED 446 million. The city of Khalifa ranked fifth at its fifth of AED 225 million, while the rest assured of AED 196 million, and other amounts were distributed to various areas of emirate.
In its periodic report on real estate indicators in the emirate, real estate sales were generally distributed over land, buildings and units, where land and buildings have acquired 66% of total sales during the first quarter of this year, equivalent to AED 377 (777) , While the share of the real estate units of total sales during the same period of 34% via sales worth AED 1.7 / 1 billion was carried out through 978 treatment.
In the same context, land and buildings have acquired the majority of AED 6.2 billion mortgages, or 96% of the total value of mortgages, while the real estate unit's share of 4% of AED 242 million was estimated at 156 mortgages. The report refers to registering approximately 6.5 billion dirhams for mortgage trading, reflecting the continued confidence banks of the real estate market in Abu Dhabi, which enhances the positive outlook for its future.
Dr. Adeeb Al-Afifi, Executive Director of the Real Estate Sector in Municipalities and Transportation: We are sustainable for providing specialized evidence in the real estate market through our periodic reports. In the implementation of the Abu Dhabi's strategy, which has clearly frowned during last year on the best typical approach to how to address the economic, healthy and social pandemic results worldwide.
We are constantly coordinated and closely coordinated with stakeholders and partners to promote sustainable economic development concepts in our markets, ensuring an attractive investment environment as well as good leadership. We unite our efforts by the Abu Dhabi Development Species program tomorrow 21, by providing further consultants and further investment opportunities during the next stage.
