Abu Dhabi real estate transactions hit $3.1bn in Q1 2021 ...United Arab Emirates

ME CONSTRUCTION NEWS - Local News
source : ME CONSTRUCTION NEWS ( United Arab Emirates ) () 25
The Department of Municipalities and Transport – Abu Dhabi has said that real estate transactions in the emirates during the first three months of 2021 amounted to $3.1 billion, with the recorded value including approximately 3,847 lands, buildings, and unit deals. According to the department’s first report this year, the value of real estate transactions amounted to $1.36 billion, comprising of 1,755 transactions. The value of mortgages exceeded $1.76 billion, generated from 2,092 transactions, it added. Dr Adeeb Al Afeefi, Executive Director of the Real Estate Sector in the Department of Municipalities and Transport, said: “We are fully confident that our long-term approach will contribute

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