The Abu Dhabi sales real estate market has experienced significant growth in the first half of 2023, following the Q1 property sales market. As per dubizzle insights, the Abu Dhabi sales market report H1 2023 experienced an upward trend in prices and Return On Investment (ROI) for most apartments and villas available for sale in the capital.
This positive performance can be attributed to the creative initiatives including foreign ownership in designated freehold and leasehold properties, establishing regulatory bodies to ensure investor protection and transparency and implementing other measures to promote a favourable investment environment.
The Abu Dhabi sales market report for H1 2023 provides valuable insights into the current state of the market. It showcases the growth in property prices and ROI, highlighting the increasing demand for apartments and villas in the Emirate.
Overall, the Abu Dhabi sales real estate market report H1 2023 demonstrates promising growth and favourable investment opportunities, thanks to the supportive government initiatives and a thriving market environment. Let’s go through some key insights pertaining to the Abu Dhabi sales market report H1 2023.
- The H1 2023 trends indicate a growing interest in Al Reem and Yas Island among buyers looking for luxury apartments in the capital.
- Al Ghadeer and Al Reef emerged as popular choices among buyers looking for affordable apartments for sale in Abu Dhabi.
- Budget-friendly and luxury apartments in Abu Dhabi have recorded an average sales price ranging from AED 549k and AED 4.03M.
- Al Reem Island stood out as the most favourable area for buying luxury apartments in H1 2023, offering a projected ROI of 6.58%.
- In terms of Return on Investment (ROI), Al Reef stands out offering the highest ROI for affordable apartments in Abu Dhabi, estimated at 8.10%.
- Al Reef and Hydra Village were among the preferred areas for purchasing affordable villas, while Yas Island and Saadiyat Island attracted investors seeking luxury villas in Abu Dhabi.
- The sales price for luxury and affordable villas for sale in Abu Dhabi has ranged from AED 982k and AED 8.5M.
- Investing in the affordable villas located in Hydra Village deemed profitable, with an ROI of 6.67%.
To enhance the clarity and coherence of our Abu Dhabi H1 2023 sales market report, we have categorised popular areas into two distinct segments: ‘Affordable’ and ‘Luxury’.
In order to ensure a comprehensive understanding of the available properties for sale, our Abu Dhabi H1 sales real estate market report 2023 includes a comparison of the average sales price per square foot in each area with the prices recorded in 2022. It is important to keep in mind that these prices are subject to fluctuations influenced by various factors.
Top Luxury Areas For Buying Property in Abu Dhabi During H1 2023
According to the consumer search trends on dubizzle, the most popular areas in H1 2023 for buying luxury apartments and villas in Abu Dhabi include the following.
Most Popular Areas in H1 2023 for Buying Luxury Apartments in Abu Dhabi
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022 | Studio | 1-Bed | 2-Bed |
|---|---|---|---|---|---|
| Al Reem Island | ROI 6.58% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| Yas Island | ROI 6.23% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| Al Raha Beach | ROI 5.68% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| Saadiyat Island | ROI 3.96% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| The Marina | ROI 6.14% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
The popular areas for buying luxury apartments in Abu Dhabi during H1 2023 were identified as Al Reem Island, Yas Island, Al Raha Beach, Saadiyat Island and The Marina. Let’s dive into the details of these most popular areas.
Al Reem Island
Al Reem Island emerged as the most popular with an average price of AED 1.25M and an ROI of 6.58%.
- The average price per square foot in Al Reem Island has remained steady at AED 1,034, following a slight increase of 0.19% in H1 2023
- Studio apartments in Al Reem Island have been priced at an average of AED 556k, while 1-bedroom apartments averaged AED 836k and 2-bedroom apartments averaged AED 1.37M, respectively.
Yas Island
Yas Island ranked as the second most popular area for luxury apartment buyers in Abu Dhabi during H1 2023, with an average sales price of AED 1.39M and an ROI of 6.23%.
- The average price per square foot experienced a 2.26% increase, reaching AED 1,340 compared to AED 1,311 per square foot in 2022.
- The price for studio apartments averaged AED 716k, while 1-bedroom and 2-bedroom averaged AED 992k and AED 1.72M, respectively.
Al Raha Beach
Al Raha Beach, with an average sales price of AED 1.67M and an ROI of 5.68%, also garnered significant interest among luxury apartment buyers.
- The price per square foot in Al Raha Beach increased by 0.58% to reach AED 1,236 in H1 2023, up from AED 1,229 in 2022.
- The average prices for studio apartments in Al Raha Beach have been recorded as AED 895k, while for 1-bedroom apartments it has averaged AED 1.15M and AED 1.71M for 2-bedroom apartments.
Moving on, Saadiyat Island ranked fourth with an average sales price of AED 3.12M and a 3.70%. Studio apartments on Saadiyat Island had an average sales price of AED 748k, 1-bedroom apartments averaged AED 2.04M and 2-bedroom apartments averaged AED 3.55M.
The Marina also attracted luxury apartment buyers, with an average sales price of AED 4.03M and an ROI of 6.14%. The average sales price for 1-bedroom apartments averaged AED 2.52M, while for 2-bedroom apartments, it averaged at AED 3.93M.
Most Popular Areas in H1 2023 for Buying Luxury Villas in Abu Dhabi
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022 | 3-Bed | 4-Bed | 5-Bed |
|---|---|---|---|---|---|
| Yas Island | ROI 4.62% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Saadiyat Island | ROI 5.89% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Raha Gardens | ROI 6.06% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Reem Island | ROI 6.39% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Matar | ROI 4.56% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
Let’s explore the popular areas in the capital city for purchasing luxury villas during the first half of 2023. These areas include Yas Island, Saadiyat Island, Al Raha Gardens, Al Reem Island and Al Matar.
Yas Island
Yas Island stands out as the most sought-after location for luxury villa buyers. The average sales price for villas on Yas Island is AED 3.99M, with an ROI of 4.62%.
- In 2023, the price per square foot increased by 2.16% and has reached AED 1,216, up from AED 1,190 in 2022.
- The sales prices for 3, 4 and 5-bedroom villas averaged AED 2.92M, AED 4.31M and AED 5.46M, respectively, during H1 2023.
Saadiyat Island
Saadiyat Island is also highly popular among luxury villa buyers, with an average price of AED 8.53M and an ROI of 5.89%.
- The price per square foot experienced a significant dip of 6.18% in H1 2023, dropping to AED 1,397 from AED 1,489 in 2022.
- The average sales prices for 3, 4 and 5-bedroom villas have averaged AED 6.38M, AED 6.58M and AED 1.09M, respectively.
Al Raha Gardens
Al Raha Gardens ranks third on the list, with an average price of AED 2.92M and an ROI of 6.06%.
- The average price per square foot decreased by a small margin of 0.54% to AED 840 in H1 2023 from AED 854 in 2022.
- The average sales prices for 3, 4 and 5-bedroom villas have been recorded as AED 2.43M, AED 2.95M and AED 4.17M, respectively.
Al Reem Island also garnered popularity among luxury villa buyers with an average price of AED 4.92M and an ROI of 6.39%. The price per square foot depreciated by 3.24% to AED 1,082 in H1 2023. Whereas, the average sales prices for 3, 4 and 5-bedroom villas have averaged AED 2.82M, AED 4.23M and AED 11.28M, respectively.
Al Matar is the last area on the list, with an average sales price of AED 4109K and an ROI of 4.56%. After a massive 19.13% appreciation, the price per square foot remained competitive at AED 1,349 in H1 2023 compared to AED 1,132 in 2022. This rise resulted due to the completion of two important projects: Aldhay and Faya at Bloom Gardens in Al Matar. The average prices for 3, 4 and 5-bedroom villas have been recorded as AED 3.42M, AED 5.43M and AED 5.05M, respectively.
Top Affordable Areas For Buying Property in Abu Dhabi During H1 2023
Consumers in Abu Dhabi who searched for affordable apartments and villas on dubizzle during the first half of 2023 were most interested in the following areas.
Most Popular Areas in H1 2023 for Buying Affordable Apartments in Abu Dhabi
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022 | Studio | 1-Bed | 2-Bed |
|---|---|---|---|---|---|
| Al Ghadeer | ROI 6.58% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| Al Reef | ROI 8.10% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| Masdar City | ROI 6.79% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| Baniyas | ROI 5.81% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| Al Shamkha | ROI 2.33% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| Studio
| 1-Bed
| 2-Bed
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||||
Based on dubizzle data insights, the popular areas in H1 2023 for buying affordable apartments in Abu Dhabi were identified as Al Ghadeer, Al Reef, Masdar City, Baniyas and Al Shamkha. Listed below are the details of these popular areas.
Al Ghadeer
Al Ghadeer emerged as the most sought-after, boasting an average sales price of AED 549K and an ROI of 6.58%.
- The average price per square foot for affordable apartments for sale in Al Ghadeer has remained highly competitive, reaching AED 724, after experiencing a notable increase of 3.7% in H1 2023.
- The asking price of apartments for sale in 2023 has averaged AED 322k for studio apartments, AED 525k for 1-bedroom and AED 701k for 2-bedroom apartments.
Al Reef
Next in line is Al Reef. With an average sales price of AED 803k and a respectable ROI of 8.1%, the area ranks second in the list of top areas to buy affordable apartments in Abu Dhabi in H1 2023.
- In terms of price per square foot, it has averaged at AED 647 after experiencing a 3.87% decrease.
- The average price for apartments for sale have been recorded as: AED 485k for studio, AED 573k for 1-bedroom and AED 774k for 2-bedroom apartments.
Masdar City
Masdar City, known for its eco-friendly features, also earned a spot among investors looking to purchase affordable apartments for sale in Abu Dhabi. With an average sales price of AED 870k and an ROI of 6.79%, the area offers an attractive investment opportunity.
- The average price per square foot has reached AED 1,256, after experiencing a minor decrease of 3.47% in 2023.
- The average asking prices for studio apartments in Masdar City have been recorded as AED 535k, it has averaged AED 780K for 1-bedroom apartments and AED 1.2M for 2-bedroom apartments.
Baniyas is next on the list of affordable areas to buy apartments in Abu Dhabi. With an average price of AED 1.05M and an ROI of 5.81%, the average price per square foot has remained competitive at AED 746 after experiencing a minor increase of 0.36%. For H1 2023, the average price for studio and 1-bedroom apartments has been recorded as AED 460k and AED 641k, respectively.
Lastly, Al Shamka is listed as the final popular area to buy affordable apartments in Abu Dhabi. With an average price of AED 745k and a 2.33% ROI, the area offers affordable options for buyers.
Most Popular Areas in H1 2023 for Buying Affordable Villas in Abu Dhabi
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022 | 3-Bed | 4-Bed | 5-Bed |
|---|---|---|---|---|---|
| Al Reef | ROI 6.06% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Hydra Village | ROI 6.67% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Ghadeer | ROI 5.42% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Samha | ROI 5.45% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Khalifa City | ROI 4.79% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H1 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
According to the trends on dubizzle for H1 2023, the most searched areas among investors looking to buy affordable villas in Abu Dhabi include Al Reef, Hydra Village, Al Ghadeer, Al Samha and Khalifa City.
Al Reef
Al Reef has emerged as the top choice for investors seeking affordable villas in Abu Dhabi, with an average sales price of AED 2.13M and an ROI of 6.06%.
- The price per square foot in Al Reef increased to AED 708 in H1 2022, compared to AED 700 in 2022.
- As per the search trends observed on dubizzle, the average price for 3-bedroom villas averaged AED 1.6M. It has been recorded as AED 2.22M for 4-bedroom villas and AED 2.53M for 5-bedroom villas.
Hydra Village
Hydra Village is another popular area for affordable villas in Abu Dhabi, with an average sales price of AED 982K and an ROI of 6.67%.
- The price per square foot in Hydra Village increased to AED 487 in H1 2023 from AED 482 in 2022, reflecting a 0.83% appreciation.
- The price for 3-bedroom villas in Hydra Village has averaged at AED 982k.
Al Ghadeer
Ranking third on the list is Al Ghadeer, attracting budget-conscious villa buyers with an average sales price of AED 2.01M and an ROI of 5.42%. It is a significant development in Abu Dhabi real estate sales market.
- The price per square foot remained steady at AED 793, showing a 3.75% appreciation in H1 2023.
- The average prices for 3-bedroom and 4-bedroom villas in Al Ghadeer have been recorded at AED 1.88M and AED 2.42M, respectively.
Al Samha also attracted buyers looking to invest in budget-friendly villas in H1 2023, with an average sales price of AED 1.41M and an ROI of 5.45%. The price per square foot in Al Samha experienced a dip of 2.68%, going down to AED 569 in H1 2023 from AED 585 in 2022.
Lastly, Khalifa City made its mark as a popular area for affordable villas in the capital, with an average price of AED 6.73M and an ROI of 4.79%. The price per square foot has increased to AED 690 from AED 659 in 2022, representing a 4.59% appreciation. Moreover, the average prices for 3-bedroom, 4-bedroom and 5-bedroom villas have been recorded at AED 4.26M, AED 5.99M and AED 6.85M, respectively.
That is a wrap on the H1 Abu Dhabi property sales market analysis by dubizzle. Those interested in investing in the capital’s flourishing real estate market can explore these properties for sale in Abu Dhabi.
For more detailed information about the real estate market trends in Abu Dhabi, and across the UAE, stay tuned to dubizzle’s property blog.
Disclaimer: The trends mentioned in the Abu Dhabi sales market report for H1 2023 depend upon the properties listed on dubizzle for sale. It isn’t an actual representation of real estate trends and transactions in the Emirate.
