Home UAE Abu Dhabi Abu Dhabi records Dhs71.5bn of real estate transactions in 2021 There were a total of 14,958 sales and mortgage transactions, with Yas Island topping the list with Dhs4.1bn in real estate deals by Varun Godinho February 18, 2022 Abu Dhabi has registered real estate transactions worth Dhs71.5bn in 2021, according to a report by the Department of Municipalities and Transport (DMT) – Abu Dhabi. This represents a combined figure of 14,958 sales and mortgage transactions, with Yas Island topping the list of best performing areas with Dhs4.1bn in real estate deals. Reem Islands came in second with Dhs3.2bn in real estate deals, followed by Saadiyat at Dhs2.5bn. “The new results reflect Abu Dhabi’s sustainable real estate development and ongoing attractiveness as a leading city for investment and living,” said Dr Adeeb Alafeefi, executive director of DMT Real Estate Sector. .@AbuDhabiDMT has registered real estate transactions valued at AED71.5bn in 2021. Representing a combined 14,958 sales and mortgage transactions, results reflect #AbuDhabi’s ongoing attractiveness as a leading city for investment and living. pic.twitter.com/PptJDl0Mfv — مكتب أبوظبي الإعلامي (@admediaoffice) February 17, 2022 Meanwhile Aldar Properties, Abu Dhabi’s biggest developer, reported revenues of Dhs8.58bn, up 2 per cent year-on-year and a net profit of Dhs2.33bn, that was also 21 per cent more than the pervious year. Aldar Development reported sales of Dhs1.1bn in the fourth quarter, bringing the year’s total sales to Dhs7.2bn. Earlier this year, Aldar entered into an agreement with Diamond Developers, to form a JV for the development of The Sustainable City – Yas Island. Construction of the Dhs1.8bn project is scheduled to commence in Q4 2022, with a 30-month completion target. The community will span an area of 397,000 sqm in Yas North area of the island in Abu Dhabi. It will comprise of 864 townhouses and apartments, as well as 3,000 sqm of retail space. Last year, Aldar also awarded development projects valued at Dhs8.5bn to UAE-based companies. These contracts covered infrastructure, residential, commercial and mixed-use projects in Abu Dhabi. Read: Abu Dhabi’s Aldar awarded development project contracts worth Dhs8.5bn in 2021 Tags Abu Dhabi Aldar News property Real Estate UAE Yas Island 0 Comments You might also like Flying Taxis: How Archer aims to revolutionise travel in the UAE AD Ports signs concession deal to operate Egypt’s Safaga terminal UAE to announce petrol, diesel prices for January; will rates drop in 2024? How REITs are unlocking the potential of UAE real estate