Abu Dhabi recorded real estate deals valued at Dh96.2 billion ($26.19 billion) in 2024, as demand for property remains strong because of high economic growth.
The total value of deals for the year rose by more than 10 per cent on an annual basis, while the number of transactions increased by about 24 per cent to 28,249, the Abu Dhabi Real Estate Centre (Adrec) said on Monday.
Sales transactions for the period were 16,735, with a total value of Dh58.5 billion, and mortgage transactions reached 11,514, with a total value of Dh37.7 billion.
The emirate’s property sector also attracted Dh7.86 billion worth of foreign direct investment last year, from 2,302 investors from 105 countries, including the US, the UK, Kazakhstan, Russia, France and China. The amount marked a 125 per cent annual increase.
“The surge in FDI highlights Abu Dhabi’s adaptability and resilience in an evolving global economy,” said Rashed Al Omaira, acting director general at Adrec. “It is a testament to the emirate’s forward-thinking policies, investment-friendly environment and world-class infrastructure that ensure sustainable growth.”
The UAE’s property market continues to perform strongly on government initiatives such as residency permits for retired and remote workers, as well as the expansion of the 10-year golden visa programme and overall growth in the UAE’s economy amid diversification efforts.
Abu Dhabi's economy grew by 4.5 per cent on a yearly basis in the third quarter of 2024, driven by sustained growth in the non-oil sector, with the value of the emirate's economic output reaching Dh301.8 billion for the period.
Last year in Abu Dhabi, 12 major developments were completed and 38 real estate projects for off-plan sales launched, according to the latest data.
Developers including Aldar Properties and Deyaar unveiled new projects in Abu Dhabi last year. These include Deyaar's Dh800 million Rivage project on Al Reem island consisting of one, two and three-bed units and Aldar's Mandarin Oriental Residences and Mamsha Gardens on Saadiyat Island.
Aldar also unveiled The Arthouse, an exclusive residential community on Saadiyat, with 281 premium apartments and sky villas and a new project on Yas Island named Yas Riva, with 151 four, five and six-bedroom canal-front villas.
About 1,800 new residential units are expected to go on Abu Dhabi's market until the first quarter of this year in Yas, Saadiyat and Al Reem islands amid continued demand for property, Mr Al Omaira told The National in an interview last year.
He added that they “carefully monitor” the supply situation, taking into consideration the population growth and roll out of new projects and previously approved projects “to make sure that we're in an occupancy rate that's maintained at a healthy delta in the real estate cycle”.
Brief scoreline:
Liverpool 5
Keita 1', Mane 23', 66', Salah 45' 1, 83'
Huddersfield 0
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The specs
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Heather, the Totality
Matthew Weiner,
Canongate
The biog
Favourite colour: Brown
Favourite Movie: Resident Evil
Hobbies: Painting, Cooking, Imitating Voices
Favourite food: Pizza
Trivia: Was the voice of three characters in the Emirati animation, Shaabiyat Al Cartoon
BOSH!'s pantry essentials
Nutritional yeast
This is Firth's pick and an ingredient he says, "gives you an instant cheesy flavour". He advises making your own cream cheese with it or simply using it to whip up a mac and cheese or wholesome lasagne. It's available in organic and specialist grocery stores across the UAE.
Seeds
"We've got a big jar of mixed seeds in our kitchen," Theasby explains. "That's what you use to make a bolognese or pie or salad: just grab a handful of seeds and sprinkle them over the top. It's a really good way to make sure you're getting your omegas."
Umami flavours
"I could say soya sauce, but I'll say all umami-makers and have them in the same batch," says Firth. He suggests having items such as Marmite, balsamic vinegar and other general, dark, umami-tasting products in your cupboard "to make your bolognese a little bit more 'umptious'".
Onions and garlic
"If you've got them, you can cook basically anything from that base," says Theasby. "These ingredients are so prevalent in every world cuisine and if you've got them in your cupboard, then you know you've got the foundation of a really nice meal."
Your grain of choice
Whether rice, quinoa, pasta or buckwheat, Firth advises always having a stock of your favourite grains in the cupboard. "That you, you have an instant meal and all you have to do is just chuck a bit of veg in."
Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
UAE currency: the story behind the money in your pockets
UAE tour of Zimbabwe
All matches in Bulawayo
Friday, Sept 26 – UAE won by 36 runs
Sunday, Sept 28 – Second ODI
Tuesday, Sept 30 – Third ODI
Thursday, Oct 2 – Fourth ODI
Sunday, Oct 5 – First T20I
Monday, Oct 6 – Second T20I
More on Quran memorisation:
Veere di Wedding
Dir: Shashanka Ghosh
Starring: Kareena Kapoo-Khan, Sonam Kapoor, Swara Bhaskar and Shikha Talsania
Verdict: 4 Stars
How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.
The%20Specs
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EA Sports FC 26
Publisher: EA Sports
Consoles: PC, PlayStation 4/5, Xbox Series X/S
Rating: 3/5
