- Top Areas to Buy Luxury Apartments
- Top Areas to Buy Luxury Villas
- Top Areas to Buy Affordable Apartments
- Top Areas to Buy Affordable Villas
- Top Off-Plan Projects For Apartments
- Top Off-Plan Projects For Villas
In the first half of 2024, the Abu Dhabi sales market exhibited a notable positive trend, with average sales prices for villas and apartments increasing compared to H2 2023. This growth can be attributed to various factors, especially the government-backed initiatives to facilitate investors and ensure transparency in real estate transactions.
Moreover, the completion and announcement of several off-plan projects have also contributed to the positive trends in the capital’s property sale market. With most projects located in Al Raha Beach, Al Shamkha and Yas Island, the average prices of luxury properties have increased in H1 2024. Overall, the Abu Dhabi sales market has shown an upward trajectory in H1 2024, reflecting strong market confidence and investment appeal.
Additionally, Abu Dhabi’s growing population has been crucial to the property market’s growth. According to the 2023 Abu Dhabi Census, the Emirate’s population continues to rise, driven by efforts to diversify the economy and increase job opportunities. The influx of skilled workers from other Emirates and countries, along with the availability of the Blue Visa and digital nomad visa, has further boosted the resident population, increasing the demand for property. Aside from the population influx, the completion of Etihad Rail has also contributed significantly to the positive growth. The areas near Etihad Rail have garnered significant attention from investors, impacting the overall market.
Here are the key takeaways from the Abu Dhabi sales market report H1 2024:
- The prices of affordable apartments have increased, with the highest change of 10.35% recorded in Al Ghadeer.
- Masdar City and Al Reef have topped the list of affordable apartments in the capital city. Whereas Al Reem Island and Yas Island have emerged as the most searched areas to buy luxury apartments.
- The average sales price of luxury and affordable apartments has ranged between AED 597k to AED 4.46M in H1 2024.
- Al Ghadeer and Al Reef have offered the highest ROI of 8.35% and 8.22% for affordable apartments.
- Al Reef has also topped the list of the most popular areas to buy affordable villas in Abu Dhabi in H1 2024.
- For luxury villas, Yas Island has remained the most preferred area.
- The average sales price of luxury and affordable villas has ranged between AED 976k and AED 8.71M.
Top Luxury Areas for Buying Property in Abu Dhabi H1 2024
As per the search trend on dubizzle, the following areas have been the most popular for buying luxury villas and apartments in 2024.
Most Popular Areas in H1 2024 to Buy Luxury Apartments in Abu Dhabi
The following areas have been the most popular neighbourhoods to buy luxury apartments in the H1 2024.
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023 | TRANSACTION PRICE Avg. PriceChange from H2 2023 | 1-Bed | 2-Bed | 3-Bed |
|---|---|---|---|---|---|---|
| Al Reem Island | ROI 6.66% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
| Yas Island | ROI 6.32% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
| Al Raha Beach | ROI 6.12% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
| Saadiyat Island | ROI 3.47% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
| Al Maryah Island | ROI 6.65% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 1-Bed
| 2-Bed
| 3-Bed
|
Al Reem Island
With its high-rise residential buildings and waterfront views, Al Reem Island has topped the list of popular areas to buy luxury apartments. Apartments in Al Reem have been AED 1.27M, with an ROI of 6.66%.
- The average price per square foot has increased by 4.21%, making it AED 1,127 in H1 2024.
- The average sales prices of 1, 2 and 3-bed apartments have averaged AED 911k, AED 1.51M and AED 2.18M, respectively.
Here are some apartments for sale in Al Reem Island that you can browse through and choose an ideal one.
Yas Island
Al Reem Island has been followed by Yas Island, a man-made island home to iconic tourist destinations, including Yas Marina and Ferrari World. The sales price of apartments in Yas Island has averaged AED 1.68M, with an estimated ROI of 6.32%.
- The average price per square foot has been AED 1,539 in H1 2024.
- The 1-bed apartments for sale in Yas Island have been priced at an average of AED 1.23M after an increase of 8.49% from H2 2023.
- Similarly, the average sales prices for 2 and 3-bed apartments also increased and have averaged AED 2.01M and AED 2.59M, respectively.
Al Raha Beach
Al Raha Beach is a growing community known for its vibrant 11 km of coastline. The average price of apartments for sale in Al Raha Beach has been AED 1.69M with an ROI of 6.12%.
- The price per square foot of apartments in Al Raha Beach has been AED 1,276 in H1 2024.
- The average price of 1-bed apartments for sale in Al Raha Beach has increased from AED 1.16M in H2 2023 to AED 1.18M in H1 2024.
- Whereas, the average sales price of 2 and 3-bedroom apartments have been AED 1.76M and AED 2.69M, respectively.
Moving on, Saadiyat Island has ranked fourth on the list with an average sales price of AED 3.22M and an estimated ROI of 3.47%. Al Maryah Island has ranked fifth among the most popular areas in H1 2024 to buy luxury apartments in Abu Dhabi. The sales price of apartments in Al Maryah Island has averaged AED 1.16M with an ROI of 6.65%.
Most Popular Areas in H1 2024 to Buy Luxury Villas in Abu Dhabi
Moving on to luxury areas to buy villas in Abu Dhabi, here are in-depth insights from neighbourhoods that remained popular in H1 2024.
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023 | TRANSACTION PRICE Avg. PriceChange from H2 2023 | 4-Bed | 5-Bed | 6-Bed |
|---|---|---|---|---|---|---|
| Yas Island | ROI 6.53% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
| Saadiyat Island | ROI 6.30% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
| Al Reem Island | ROI 5.87% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
| Al Jubail Island | ROI 8.79% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
| Al Matar | ROI 5.15% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 4-Bed
| 5-Bed
| 6-Bed
|
Yas Island
Yas Island has topped the list with its luxury waterfront villas, having an average sales price of AED 4.15M and an estimated ROI of 6.53%.
- In H1 2024, the price per square foot has increased by 5.87%, reaching AED 1,332 from AED 1,258 in H2 2023.
- The average sales price of 3-bed villas has dropped by 1.83%, making it AED 4.18M for the H1 2024.
- The sales price of 5 and 6-bedroom villas has averaged AED 5.93M and AED 14.03M, respectively.
Saadiyat Island
With its exquisite hotels, high-end residential community and world-class amenities, Saadiyat Island has ranked second. It is one of the residential islands of Abu Dhabi offering waterfront properties. With all these facilities, the sales price of villas in Saadiyat Island has averaged AED 8.71M, with an ROI of 6.30%.
- After an increase of 3.33% from H2 2023, the price per square foot has been AED 1,491.
- The average price of 4-bed villas for sale in Saadiyat Island has also increased from AED 7.30M in H2 2023 to AED 7.56M in H1 2024.
- On the contrary, the average sales price of 5-bed villas has dropped by 6.87%, making it AED 9.14M. Similarly, the prices of 6-bed villas also dropped by 8.59% and have averaged AED 10.96M.
Al Reem Island
One of the freehold property areas of Abu Dhabi, Al Reem Island witnessed an increase of 8.00% in the sales prices of villas and has averaged AED 4.26M for H1 2024. Whereas, the estimated ROI offered by the area has been 5.87%.
- Similar to average prices, the price per square foot of villas has increased by 4.03%, reaching AED 1,147.
- The sales price of 4, 5 and 6-bed villas has increased by 4.89%, 4.41% and 1.95%, respectively, amounting to AED 4.55M, AED 11.81M and AED 15.48M.
Al Jubail Island and Al Matar have ranked fourth and fifth on the list. The average sales price of Al Jubail Island has been AED 7.98M after an increase of 10.43% from H2 2023. With this average price, the area offers an estimated ROI of 8.79%. Moreover, the sales price of villas in Al Matar has averaged AED 4.01M with an ROI of 5.15%.
Top Affordable Areas to Buy Property in Abu Dhabi H1 2024
Let’s explore the areas that have remained popular in H1 2024 for buying affordable apartments and villas.
Most Popular Areas in H1 2024 to Buy Affordable Apartments in Abu Dhabi
Following is the list of areas that have been popular among buyers looking for an affordable apartment in the Capital City.
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023 | TRANSACTION PRICE Avg. PriceChange from H2 2023 | Studio | 1-Bed | 2-Bed |
|---|---|---|---|---|---|---|
| Masdar City | ROI 7.47% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
| Al Reef | ROI 8.22% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
| Al Ghadeer | ROI 8.35% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
| Al Shamkha | ROI 2.29% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
| Baniyas | ROI 5.24% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| Studio
| 1-Bed
| 2-Bed
|
Masdar City
The mixed-use community of Masdar City is a sustainable urban development, established in 2006. The community completely depends on solar energy and the maximum utilisation of renewable energy resources. In fact, it is included in the list of smart sustainable city projects in the UAE. The sales price of apartments in this eco-friendly community has averaged AED 837k with an ROI of 7.47%.
- In H1 2024, the price per square foot has dropped by 1.51%, making it AED 1,107.
- The price of studio apartments for sale in Masdar City has averaged AED 538k. The average prices for 1 and 2-bedroom apartments have been AED 671k and AED 1.04M, respectively.
Al Reef
Second on the list is Al Reef, popular for its family-friendly environment and location providing easy access to different areas. The sales price of apartments in the area has averaged AED 855k, offering an ROI of 8.22%.
- The price per square foot of apartments for sale in Al Reef has been AED 687. Whereas the sales price of studio apartments averaged AED 471k.
- Al Reef has recorded the average sales prices for 1 and 2-bedroom to be around AED 616k and AED 795k, respectively.
Al Ghadeer
With an increase of 10.35%, the sales price of apartments in Al Ghadeer has averaged AED 597k. The community offers an estimated ROI of 8.35% on apartments.
- Similar to the average sales prices, the price per square foot has also increased by 9.92%, making it AED 813 for the H1 2024.
- An increase has also been observed in the sale prices of studio, 1 and 2-bedroom apartments averaging AED 393k, AED 568k and AED 751k, respectively.
Al Ghadeer has been followed by Al Shamkha with an average sales price of AED 801k and an ROI of 2.29%. With an average sales price of AED 1.18M and an ROI of 5.24%, Baniyas has ranked last on the list.
Most Popular Areas in H1 2024 to Buy Affordable Villas in Abu Dhabi
As per the dubizzle’s trend, the following have been the most searched for areas to buy affordable villas in H1 2024.
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023 | TRANSACTION PRICE Avg. PriceChange from H2 2023 | 3-Bed | 4-Bed | 5-Bed |
|---|---|---|---|---|---|---|
| Al Reef | ROI 6.07% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Shamkha | ROI 3.52% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Zayed City | ROI 2.75% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Hydra Village | ROI 7.10% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Ghadeer | ROI 7.32% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2023
| TRANSACTION PRICE Avg. PriceChange from H2 2023
| 3-Bed
| 4-Bed
| 5-Bed
|
Al Reef
With a slight increase, the average sales price for villas in the area has been AED 2.12M along with an ROI of 6.07%.
- The price per square foot of villas in Al Reef has been AED 765, after an increase of 5.45% from H2 2023.
- The sales prices of 3 and 4-bed villas have averaged AED 1.59M and AED 2.25M, respectively. Moreover, the sales price of 5-bed villas has averaged AED 2.57M.
Al Shamkha
Al Shamkha ranked second on the list with an average sales price of AED 3.89M and an ROI of 3.52%.
- The price per square foot of villas in Al Shamkha has been AED 828. Whereas, the sales price of 3-bed villas averaged AED 3.03M, AED 3.52M for 4-bed and AED 4.08M for 5-bed villas.
Zayed City
Zayed City ranked third with an average sales price of AED 3.51M and an ROI of 2.75%.
- After an increase of 12.01%, the price per square foot for villas for sale in Zayed City has reached AED 1,295 for the H1 2024.
- The sales price for 3, 4 and 5-bedroom villas in Zayed City has averaged AED 2.46M, AED 4.35M and AED 6.06M, respectively.
With an average sales price of AED 976k and an ROI of 7.10%, Hydra Village ranked fourth on the list. Then, last on the list, Al Ghadeer has an average sales price of AED 1.89M and an ROI of 7.32%.
Popular Off-Plan Communities in Abu Dhabi
Off-plan projects have significantly boosted the sales market growth in the capital. Alongside providing new housing options, off-plan projects have also contributed to attracting foreign direct investments, strengthening the overall market. Strict regulations and investment-friendly policies of the government ensure ease of off-plan property transactions.
A majority of these off-plan projects have been announced in luxury areas, contributing to the increase in luxury properties. Elie Saab Waterfront and Renad Tower in Al Reem Island, Yas Park Gate, Diva, Sea La Vie and Perla 1 in Yas Island are a few examples of the latest developments.
Let’s take a closer look at the off-plan projects that have garnered significant attention from buyers.
Top Off-Plan Projects For Apartments in Abu Dhabi
- Royal Park in Masdar City has been the most popular off-plan project for buying affordable apartments.
- Royal Park has been followed by Al Reeman 1, which offers a unique blend of modern and traditional lifestyles.
- Bloom Living in Zayed City offers residential projects with unique architecture inspired by Mediterranean-Spanish architecture.
- Buyers interested in luxury apartments have also searched for City of Lights in Al Reem Island and Yas Bay in Yas Island.
- Besides, Al Maryah Vista in Al Maryah Island also remained popular among property buyers in the capital.
Top Off-Plan Projects For Villas in Abu Dhabi
- Al Reeman 2 in Al Shamkha and Bloom Living in Zayed City have been preferred for affordable villas.
- With an unparalleled lifestyle and mesmerising views, Nawayef West in Al Hudayriat Island has remained popular among buyers.
- In the luxury category, the most searched-for projects have been Noya in Yas Island and Saadiyat Lagoons in Saadiyat Island.
- Moreover, Reem Hills in Al Reem Island and Al Jurf Gardens in Al Jurf have also been popular in H1 2024.
Commenting on the latest market trends, the CEO of Bayut & dubizzle and Head of Dubizzle Group MENA, Haider Ali Khan, said:
“Abu Dhabi’s real estate market has continued its growth in the first six months of 2024. The primary drivers behind the growth are investor-friendly policies, completion of multiple off-plan projects, announcement of new projects, availability of amenities, infrastructure development and law and order situation. New initiatives like the Etihad Rail have also attracted a large number of investments.
Abu Dhabi has always remained popular among investors mainly due to the economic stability it offers. In fact, in the first six months of 2024, a large number of off-plan projects have been delivered, the majority of them located in Yas Island and Al Reem Island. Projects like Yas Bay and Noya in Yas Island, Al Maryah Vista in Al Maryah Island and Saadiyat Lagoons in Saadiyat Island left a positive mark on the luxury real estate of the capital city.
Catering to this influx, dubizzle has made the customer journey convenient for all users. The presence of verified listings on our platform ensures the trust of all the stakeholders. We aim to make this journey more convenient for our users by introducing innovative features”.
This brings an end to this Abu Dhabi sales market report H1 2024. The market has seen an increase in the average sales prices, indicating a positive trend in the first half of 2024. Moreover, if you are also interested in availing of these trends, browse through these properties for sale in Abu Dhabi to make a valuable investment.
Stay tuned to dubizzle’s property blog for more information on Abu Dhabi real estate sales.
Disclaimer: The trends mentioned in the Abu Dhabi sales market report H1 2024 are as per dubizzle’s data. It may or may not represent the actual trends of the real estate market.
