Research
Abu Dhabi Living Market Dynamics, Q3 2024
Summary and analysis of Abu Dhabi's current living real estate market conditions.
November 20, 2024
Contributors:
- Faraz Ahmed
- Muhammad Aijaz
- Taimur Khan
During Q3 2024, Abu Dhabi experienced a significant decline in the total number of residential sales transactions compared to the previous year. This was primarily underpinned by a 67.2% decline in off-plan sales, whilst secondary market sales rose by 44.3%.
Although activity levels declined, price growth remained robust in both the apartment and villa segments of the market.
High-end properties located within the capital’s core and prime neighbourhoods continued to outperform the wider market and this trend is expected to be maintained over the upcoming period, particularly given the growing levels of demand for such assets.
