Data from the sector’s leading analysists suggests that the second half of 2022 will look even better for the Abu Dhabi real estate market, which has started off the year pretty well, thanks to mega projects, extension of Etihad Rail, and growing oil prices.
In the first quarter of 2022, slightly more than 3,300 transactions worth over AED 11.3 billion were made in the Abu Dhabi market. According to a report from Zoom Property Insights, the second quarter is forecasted to have a similar performance, which will lay the foundation for a confident 2022 performance.
Recent studies by Asteco (a company with expertise in the real estate market) suggest that intense activity in the Abu Dhabi real estate market over the first three months of 2022 was caused by several government initiatives, economic development, and growing trust in the market.
According to data from Asteco, in the 1st quarter of 2022, about 3,800 residential properties were commissioned in the Abu Dhabi market of residential and office real estate. These homes are spread across the city’s districts, including Al Raha Beach, Al Reem Island, Yas Island, and Saadiyat Island, as well as several other residential communities.
