As the Q1 of 2023 comes to an end, dubizzle has some interesting insights from the Abu Dhabi real estate market. The Abu Dhabi Q1 sales property market report 2023 offers an in-depth analysis of the changes in market trends and property prices in the capital during the first quarter of the year.
Overall, the Emirate has witnessed positive growth in real estate. Trends reveal that the prices of luxury apartments and villas have increased, especially in island communities such as Yas Island and Saadiyat Island. Here are some key highlights from the Abu Dhabi Q1 property sales:
- Q1 2023 trends reveal that buyers looking for affordable apartments are interested in family-friendly communities such as Al Ghadeer and Al Reef.
- On the other hand, Reem Island and Yas Island are popular when it comes to luxury apartments in Abu Dhabi.
- The average sales prices of affordable apartments in Abu Dhabi have ranged between AED 545k to AED 3M.
- For Return on Investment (ROI), Al Reef has topped the list by offering an estimated 8% ROI on apartments.
- Investors have shown interest in affordable villas located in Al Reef, Hydra Village, and Al Samha. On the other hand, the most popular areas for luxury villas were Yas Island, Saadiyat Island, and Al Raha Gardens.
- The sales price for Abu Dhabi villas has ranged from AED 913k to AED 8.99M.
- Investing in villas in Al Raha Beach has proved profitable with an ROI of 7.60%.
To simplify the understanding of our Abu Dhabi Q1 2023 sales market report, we have divided popular areas into two categories: ‘Affordable’ and ‘Luxury’.
To provide a precise overview of the properties available for sale, our Abu Dhabi Q1 sales real estate market report 2023 compares the average sales price per square foot of an area with the prices recorded in Q4 2022. However, it is important to note that these prices are subject to variation based on several factors such as the availability of amenities, the developer involved, location, and other crucial details.
Most Popular Areas for Buying Apartments in Abu Dhabi in Q1 2023
Based on the consumer search trends on dubizzle, the top areas for buying luxury and affordable apartments in Dubai during Q1 2023 are as follows.
Popular Affordable Areas in Q1 2023 to Buy Apartments in Abu Dhabi
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022 | Studio | 1-bed | 2-bed |
|---|---|---|---|---|---|
| Al Ghadeer | ROI 6.35% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
| Al Reef | ROI 8.04% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
| Masdar City | ROI 6.68% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
| Baniyas | ROI 5.82% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
As per dubizzle’s data for Q1 2023, Al Ghadeer has been the top choice for people looking for affordable apartments in Abu Dhabi. The area is popular among investors due to its affordable housing options, modern amenities and convenient location with access to Dubai. The sales price of apartments in Al Ghadeer has averaged at AED 545k with an ROI of 6.35%.
- The price-per-square-foot for apartments has increased by 1.77%, reaching AED 730 for Q1 2023.
- The studio apartments in Al Ghadeer have an average sales price of AED 353k.
- The average sales prices of 1 and 2-bedroom apartments have been recorded at AED 524k and AED 690k, respectively.
With an average sales price of AED 786K and an ROI of 8%, the family-friendly community of Al Reef has ranked second on the list of popular areas.
- The price per-square-foot averaged at AED 654, after a decrease of 1.17% from Q4 2022.
- The cost of studios in Al Reef has averaged AED 492K.
- 1 and 2-bed apartments have average sales prices of AED 579K and AED 773K, in Q1 2023.
As per our Abu Dhabi real estate sales market report 2023, Masdar City is another area that has attracted significant attention from buyers looking for affordable apartments for sale in Abu Dhabi. With an average sales price of AED 887K and an ROI of 6.68%, the area is quite popular among investors.
- There has been a slight dip of 0.26 % in the price per-square-foot for apartments in Masdar. The average price per-square-foot has been around AED 1,320 during Q1 2023.
- When it comes to a studio apartment, the price has averaged at AED 546K.
- The average prices of 1 and 2-bedroom apartments have been recorded at AED 807k and AED 1.3M, respectively.
Lastly, the older suburb of Baniyas has ranked fourth in the list of most popular areas for buying affordable apartments in Abu Dhabi. With an average sales price of AED 973K and an ROI of 5.82%, the area is popular among those who seek a neighbourhood with sports facilities, mosques, green spaces and supermarkets.
In Q1 of 2023, the price-per-square-foot of apartments in Baniyas has increased by 2.28%, averaging at AED 747.
Popular Luxury Areas in Q1 2023 to Buy Apartments in Abu Dhabi
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022 | Studio | 1-bed | 2-bed |
|---|---|---|---|---|---|
| Al Reem Island | ROI 6.54% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
| Yas Island | ROI 6.06% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
| Al Raha Beach | ROI 5.68% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
| Saadiyat Island | ROI 4.09% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
| Al Maryah Island | ROI 6.06% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| Studio
| 1-bed
| 2-bed
|
Based on the consumer search trends on dubizzle for Q12023, the top luxury areas for buying apartments in Dubai included Al Reem Island, Yas Island, Al Raha Beach, Saadiyat Island and Al Maryah Island.
In Q1 2023, investors have shown a major inclination towards waterfront communities making Al Reem Island the most popular area to buy luxury apartments in Abu Dhabi. With an average sales price of AED 1.2M the area has an estimated ROI of 6.52%.
- The average sales price-per-square-foot for apartments in Al Reem has been AED 1.033, marking a slight decrease of 0.48% since Q4 2022.
- AED 552k has been the average sales price for studio apartments, AED 833k for 1-bed and AED 1.3M for 2-bed apartments.
According to our Abu Dhabi property sales market report 2023, Yas Island has also been quite popular among investors for buying luxury apartments in Abu Dhabi. With an average price of AED 1.36M and an ROI of 6%, the area is popular for featuring several leisure and entertainment platforms such as Yas Marina Circuit, Ferrari World and Yas Waterworld.
- The price per-square-foot has increased by 0.57%, averaging at AED 1,325 in Q1 2023.
- AED 717K has been recorded as the average price for studio apartments in 2023 Q1, AED 973M for 1-bed and AED 1.6M for 2-bed apartments.
As per dubizzle’s data for Q1 2023, Al Raha Beach has been quite popular among investors looking for luxurious apartments for sale in Abu Dhabi. It is a mixed-use development and a popular tourist destination. The sales price of apartments in Al Raha Beach has averaged at AED 1.7M with an ROI of 5.68%.
- There has been a slight decrease of 1.46% in the price-per-square-foot for apartments for sale in Al Raha Beach, with an average rate of AED 1,215.
- The studio apartments in Al Raha Beach have an average sale price of AED 872k.
- The average prices of 1 and 2-bedroom apartments have been recorded at AED 1.1M and AED 1.67M, respectively.
Saadiyat Island, one of the most scenic locations, has earned the fourth position. The price-per-square-foot has averaged at AED 1,906 after a decrease of 2.9% from Q4 2022. The sales price of apartments in Saadiyat Island has averaged at AED 3M with an ROI of 4.09%.
Al Maryah Island has ranked fifth in the list of top 5 areas for buying luxury apartments in Abu Dhabi. With an average sales price of AED 1M and an ROI of 6%, it has remained a sought-after location among investors. The price per-square-foot of apartments in Al Maryah Island has been around AED 1.383, a decline of 5.77% since Q4 2022.
Popular Areas for Buying Villas in Abu Dhabi
According to the Q1 2023 report on Abu Dhabi’s real estate sales market, the areas listed below have remained the most popular among people looking to buy villas in Abu Dhabi.
Top Affordable Areas in Q1 2023 to Buy Villas in Abu Dhabi
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022 | 3-bed | 4-bed | 5-bed |
|---|---|---|---|---|---|
| Al Reef | ROI 6.16% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
| Hydra Village | ROI 6.61% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
| Al Samha | ROI 5.42% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
| Al Ghadeer | ROI 5.28% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
| Khalifa City A | ROI 4.92% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
dubizzle’s sales data for Q1 2023 shows that Al Reef has emerged as the top pick for purchasers seeking reasonably priced villas in Abu Dhabi. Situated on the outskirts of the city, this area offers peace and tranquillity Overall, the sales price has been AED 2.1M with an estimated ROI of 6.16%.
- With an uptick of 1.09%, the average price-per-square-foot for villas in Al Reef has been AED 708.
- The cost of 3-bedroom villas in Al Reef has averaged at AED 2.2M, while 4-bed villas were priced at AED 2.5M.
- As for buyers interested in Al Reef’s 5-bedroom units, they can expect to pay an average price of AED 2.5M.
The second most popular area that has continued to attract investors’ attention in Q1 2023 is Hydra Village. With an average sales price of AED 913k, the area offered an ROI of 6.61%.
- With the slight decrease of 0.16% in the priceper-square-foot for the affordable villas for sale in Hydra Village, the average price-per-square-foot has been AED 486 during Q1.
- The cost of 5-bedroom villas in Hydra Village has averaged at AED 6.5M.
With an average price of AED 1.43 and an ROI of 5.42%, Al Samha has ranked as the third most popular area for buying affordable villas in Abu Dhabi.
- In Q1 2023, there has been a slight decrease of 3.38% in the price-per-square-foot for the affordable villas for sale in Al Samha, with an average rate of AED 570.
Al Ghadeer has earned the fourth position with the price-per-square-foot averaging at AED 782 after a decrease of 2.07% from Q4 2022. Villas in Al Ghadeer have an average of 2M, with an ROI of 5.28%.
Khalifa City A has ranked fifth in the list of top 5 areas for buying affordable villas in Abu Dhabi. With an average price of AED 7.3 and an ROI of 4.92%, the area is ideal for those commuting regularly to Dubai. The average sales price-per-square-foot of affordable villas for sale has recorded a minor increase of 0.03 %, averaging AED 684.
Top Luxury Areas in Q1 2023 to Buy Villas in Abu Dhabi
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022 | 3-bed | 4-bed | 5-bed |
|---|---|---|---|---|---|
| Yas Island | ROI 4.52% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
| Saadiyat Island | ROI 5.77% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
| Al Raha Gardens | ROI 6.16% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
| Al Raha Golf Gardens | ROI 5.78% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
| Al Raha Beach | ROI 7.60% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2022
| 3-bed
| 4-bed
| 5-bed
|
In Q1 2023, Yas Island has been the most-searched-for area for buying high-end villas in Abu Dhabi. With an average price of AED 4.1M and an ROI of 4.52%, the area is ideal among investors.
- The average price-per-square-foot of villas in Yas Island has been recorded as AED 1,200, after an increase of 0.76%.
- When it comes to the individual units, the average cost of buying 3-bed villas in Yas Island has been around AED 3.13M, whereas 4 and 5-bed villas for sale have a cost of around AED 4.42M and AED 6.28M, respectively.
Saadiyat Island has ranked second among the most popular areas for buying luxury villas in Abu Dhabi. With an average price of AED 8.99M and an ROI of 5.77%, the area is home to several luxurious beaches.
- The average sales price-per-square-foot of luxury villas recorded a percentage change decrease of 3.71% and stood at AED 1,396.
- The price for 3-bed villas averaged at AED 6M in Q1 of 2023, while 4 and 5-bed villas have an average sales price of AED 6.57M and AED 13.1M, respectively.
With an average price of AED 2.8M and an ROI of 6.16%, Al Raha Gardens has ranked third in the list of top 5 areas for buying luxury villas in Abu Dhabi.
- The average sales price-per-square-foot of luxury villas for sale has recorded a decrease of 1.31% and stood at AED 848.
- The price of 3-bed villas averaged at AED 2.42M in 2023, while the price of a 4-bed was AED 2.93 and AED 4.19M for 5-bed villas.
With an average price of AED 4.6M and an ROI of 5.78%, Al Raha Golf Gardens has ranked fourth. With an uptick of 0.4%, the average price-per-square-foot for villas in Al Reef has been AED 942.
The fifth most popular area that has attracted investors in Q1 2023 is Al Raha Beach. With an average sales price of AED 5.8M, the area offered an ROI of 7.6%. In Q1 2023, there has been a slight decrease of 1.28% in the price-per-square-foot for the luxurious villas for sale in Al Raha Beach, with an average rate of AED 898.
With this, we conclude our Abu Dhabi Q1 sales property market report 2023. If you’re interested in understanding the changes in rental prices in Abu Dhabi over the past three months, you can refer to the Abu Dhabi Q1 real estate rental market report for 2023.
If you are looking to take advantage of the capital’s thriving real estate market, you can explore these properties for sale in Abu Dhabi.
Stay tuned to dubizzle’s property blog for more information on Abu Dhabi’s real estate market trend.
Disclaimer: The property transactions and trends mentioned in the Abu Dhabi Q1 2023 sales market report are based on the properties listed on dubizzle and may not accurately reflect the actual state of real estate transactions in the Emirate.
