(MENAFN- Mid-East.Info) Abu Dhabi: The Department of Municipalities and transport has announced that the 2021 first half report for real estate transactions in Abu Dhabi reached AED 23.57 billion . The H1 recorded value was accounted for by 7,046 land, building, and unit real estate deals, 3,425 of which amounted to AED 9.02 billion, while a further AED 14.55 billion was generated from 3,621 mortgage transactions.
Al Reem Island came in first place in 2021 H1 report with the highest value in terms of total sales at AED 2.07 billion, followed by Yas Island with total sales of AED 1.61 billion, Saadiyat Island in third place with AED 1.36 billion, then Khalifa City at AED 388 million and Al Raha Beach at AED 316 million, with the balance of sales distributed in various other regions in the Emirate of Abu Dhabi.
His Excellency Dr. Adeeb Al Afeefi, Executive Director of the Real Estate Sector at DMT, said: “The emirate’s real estate market has recorded remarkable growth this year, despite the recent changes in the global markets. These results reflect DMT’s efforts to deliver on our leaders’ vision of strengthening Abu Dhabi’s position as one of the world’s leading destinations for investment, living and stability, and building integrated communities with the best services and infrastructure, which would contribute to sustainable prosperity and promot quality of life in the Emirate of Abu Dhabi.”
About Department of Municipalities and Transport :
The Department of Municipalities and Transportation (DMT) was established by Law No. 30 of 2019 and is the entity responsible for managing the urban planning and transport sectors, and three regional municipalities.
As the entity responsible for supporting the growth and urban development of the Abu Dhabi Emirate, the DMT guides, regulates and monitors urban development activities. The expert authority improves municipal work to provide comprehensive services and creates higher living standards for residents through the supervision and management of the municipalities.
The DMT ensures the highest standards of safety, security, sustainability and technological developments of land, air and maritime transport networks of the Emirate, in line with the highest international standards and UAE legislation.
One of the DMT's top priorities is to fulfil the vision of H.H. Sheikh Khalifa bin Zayed Al Nahyan, President of the United Arab Emirates and Ruler of Abu Dhabi, which draws on the vision of our UAE Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan.
MENAFN30092021005446012082ID1102896840
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.