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Published on 03/26/2025

Abu Dhabi’s Property Market Grows; 38,700 New Homes by 2028, Sales Hit AED26B in 2024

Abu Dhabi’s Real Estate Booms with 10,800 New Homes in 2025 and 34 Percent Rise in Mortgage Deals

Abu Dhabi's residential real estate market is booming, with 38,700 new units set for delivery by 2028, according to Cavendish Maxwell. In 2024, the sector recorded 9,700 sales transactions worth AED26 billion ($7.1B), driven by strong demand and government initiatives.

This year, 10,800 new homes will be delivered, followed by 6,000 in 2026, bringing the total inventory to 313,700 units. Apartment prices surged 11.5%, while villas rose 12.5%, with Yas Island leading at 20% and 13% price hikes, respectively.

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Mortgage transactions increased 34%, fueled by lower interest rates and investor confidence. Meanwhile, demand for ready properties soared by 50%, while off-plan sales declined 13% due to fewer project launches. Aldar Properties led the market, launching 4,000 units across 12 projects. The off-plan market's future depends on new launches, with fewer projects potentially slowing transaction volumes.