- Luxury Areas to Buy Apartments
- Luxury Areas to Buy Villas
- Affordable Areas to Buy Apartments
- Affordable Areas to Buy Villas
- Top Apartment Off-plan Projects
- Top Villa Off-Plan Projects
In 2023, the Abu Dhabi sales real estate market has undergone significant growth. According to dubizzle consumer insights for Abu Dhabi in 2023, the real estate market has indicated an upward trend in prices and return on investment (ROI) for most apartments and villas available for sale in the capital.
This positive performance was attributed to the creative initiatives being implemented by the Abu Dhabi government. These initiatives included allowing 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 annual sales market report for 2023 has provided valuable insights into the real estate market, showcasing the growth in property prices and ROI and highlighting the increasing demand for apartments and villas in the Emirate.
Overall, the 2023 Abu Dhabi Annual property sales market report demonstrated promising growth and favourable investment opportunities, thanks to supportive government initiatives, the launch of off-plan projects and a thriving real estate market environment. Let’s delve into some key insights pertaining to the 2023 Abu Dhabi sales market report.
- Al Ghadeer and Al Reef emerged as popular choices among buyers looking for affordable apartments in Abu Dhabi.
- The 2023 trends have indicated a growing interest in Al Reem and Yas Island among buyers looking for luxury apartments in the capital.
- Apartments for sale in Abu Dhabi have seen an average sales price ranging between AED 543k to AED 3.5M.
- Al Reem Island emerged as the most popular area for buying luxury apartments in 2023, offering a projected ROI of 6.54%.
- In terms of ROI, Al Mariyah Island stood out, offering the highest ROI for luxury apartments in Abu Dhabi, estimated at 10.21%.
- As per DARI Data, the combined value of sales transactions for both ready and off-plan apartments in Abu Dhabi have amounted to AED 7.95B in 2023, comprising a total of 6,700 sales transactions.
- Al Reef and Khalifa City have been among the preferred areas for purchasing affordable villas, while Yas Island and Saadiyat Island have attracted investors seeking luxury villas in Abu Dhabi.
- The sales price for villas in Abu Dhabi has ranged from AED 973k to AED 5.8M.
- Investing in the affordable villas in Hydra Village has remained profitable, with an ROI of 6.88%.
- DARI has reported 2,988 villa property sales transactions in 2023, with a total sales transaction value of AED 16.40B for both ready and off-plan villas in Abu Dhabi.
For a deeper understanding of the 2023 Abu Dhabi annual sales market report, we have divided the popular areas for buying properties into two distinct categories: ‘Affordable’ and ‘Luxury.’ Furthermore, our 2023 Abu Dhabi real estate market report compares average prices per square foot in each area with the prices recorded in 2022, providing a comprehensive understanding of available properties for sale.
It’s crucial to keep in mind that these prices are susceptible to fluctuations influenced by various factors. Additionally, please note that the prices cited in the Abu Dhabi sales market report for 2023 were obtained from the data provided by dubizzle. These figures may not precisely mirror the current market dynamics and are subject to change.
Popular Areas to Buy Luxury Properties in Abu Dhabi
In 2023, the annual prices for luxury apartments and villas in the capital witnessed a substantial increase, fueled by the presence of essential facilities, recreational amenities and a promising return on investment. These factors have collectively spurred a heightened demand for luxury property purchases in Abu Dhabi.
Top Areas for Buying Luxury Apartments in Abu Dhabi During 2023
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022 | Studio | 1-Bed | 2-Bed |
|---|---|---|---|---|---|
| Al Reem Island | ROI 6.54% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
| Yas Island | ROI 6.20% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
| Al Raha Beach | ROI 5.78% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
| Saadiyat Island | ROI 3.63% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
| Al Maryah Island | ROI 10.21% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
According to consumer search trends on dubizzle, Al Reem Island, Yas Island, Al Raha Beach, Saadiyat Island and Al Maryah Island have been identified as the most popular areas for buying luxury apartments in Abu Dhabi.
Al Reem Island
According to search trends on dubizzle, Al Reem has emerged as the most popular area for buying luxury apartments in Abu Dhabi. Boasting numerous waterfront developments, the island offers residents a contemporary lifestyle and breathtaking views of Marina Bay and the Arabian Gulf. Al Reem is among the residential islands of Abu Dhabi.
The annual average asking prices for apartments on Al Reem Island have reached AED 1.26M, accompanied by an ROI of 6.54%.
- The price per square foot for apartments in Al Reem Island has averaged AED 1,064 after a 3.34% increase in 2023.
- The average asking prices for studio, 1 and 2-bed apartments for sale in Al Reem Island have amounted to AED 585k, 858k and AED 1.42M, respectively.
- As per DARI – the capital’s real estate ecosystem, ready apartments in Al Reem Island have recorded sales transactions worth AED 1.3B in 2023.
Yas Island
Following Al Reem, Yas Island has emerged as another sought-after location for purchasing luxury apartments in Abu Dhabi. Boasting an average price of AED 1.52M and an ROI of 6.20%, Yas Island is a vibrant hub teeming with stylish restaurants, clubs and hotels. These compelling factors have garnered significant investor interest, given the area’s perceived long-term potential.
- With a 6.7% increase, the price per square foot for apartments in Yas Island in 2023 has averaged AED 1,400.
- The price for studio apartments for sale in Yas Island in 2023 has averaged AED 750k, while the average prices for 1- and 2-bedroom apartments have been recorded as AED 1.07M and AED 1.82M, respectively.
- As per DARI Data, the sales transaction value for completed apartments in Yas Island has accrued to AED 332M in 2023.
Al Raha Beach
According to dubizzle search trends, Al Raha Beach, ranked third among popular areas to buy luxury apartments in Abu Dhabi. Boasting an average price of AED 1.67M and a 5.78% ROI, the vibrant community provides an exceptional experience of luxurious waterfront living.
- Following a slight increase of 2.10% from the previous year, the price per square foot for buying apartments in Al Raha Beach has averaged AED 1,251 in 2023.
- The sales price for studio, 1- and 2-bedroom apartments in Al Raha Beach has averaged AED 913k, AED 1.17M and AED 1.7M.
As for the fourth and fifth ranks, Saadiyat Island and Al Maryah Island have garnered interest among luxury apartment buyers. The luxury apartments for sale in Saadiyat Island recorded an average price of AED 3.56M and an ROI 3.63%.
Meanwhile, Al Maryah Island has recorded the highest ROI of 10.21% among the top areas for buying apartments in the capital in 2023. The asking price for buying apartments in the area has averaged AED 1.11M.
Top Areas for Buying Luxury Villas in Abu Dhabi During 2023
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022 | 3-Bed | 4-Bed | 5-Bed |
|---|---|---|---|---|---|
| Yas Island | ROI 4.72% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Saadiyat Island | ROI 5.92% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Reem Island | ROI 6.34% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Matar | ROI 5.43% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Raha Gardens | ROI 5.92% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Not available due to low/no historical inventory or influx of off-plan properties | |||||
In 2023, the popular areas to buy luxury villas in the capital included Yas Island, Saadiyat Island, Al Reem Island and Al Matar.
Yas Island
Yas Island has not only been a popular choice for buyers of luxury apartments but has also attracted villa buyers. In the realm of luxury villas, Yas Island has stood out with an average sales price of AED 4.02M and a noteworthy ROI of 4.72%, making it a prime consideration for individuals seeking luxury villas in Abu Dhabi.
- After appreciating by 4.75%, the price per square foot in 2023 increased to AED 1,243 from AED 1,187 in 2022.
- During 2023, the sales price for 3, 4 and 5-bedroom villas averaged AED 2.89M, AED 4.3M and AED 5.56M, respectively.
- According to DARI Data, the ready villas in Yas Island have documented a total sales transaction worth AED 271M in 2023.
Saadiyat Island
Again, favourable among luxury apartment seekers, Saadiyat Island has also ranked second among popular areas for buying luxury villas in Abu Dhabi. Featuring the captivating Louvre Abu Dhabi, this sought-after destination, is an attractive choice for real estate investments. The area is also among areas with highest ROI in Abu Dhabi. The price for buying apartments in the Island has averaged AED 8.62M with a 5.92% ROI.
- After experiencing a decrease of 5.54%, the price per square foot reduced to AED 1418 in 2023, compared to AED 1501 in 2022.
- In 2023, the 3-bedroom villas recorded an average sales price of AED 6.83M. Meanwhile, the price for 4 and 5-bed villas averaged AED 7.12M and AED 9.92M, respectively.
- As per DARI data, the total sales transaction value for ready villas have been recorded at AED 817M.
Besides, Al Reem Island and Al Matar secured the third and fourth positions, respectively. Al Reem Island, with an average price of AED 4.06M and a substantial ROI of 6.34%, has gained popularity among luxury villa buyers.
Meanwhile, Al Matar, boasting an average sales price of AED 4.M and a 5.43% ROI, has also emerged as a favoured area for those seeking to purchase luxury villas in the capital.
Popular Areas to Buy Affordable Properties in Abu Dhabi
In 2023, the capital’s affordable property segment also experienced a significant price hike. Apartments and villas continued to be favoured choices for both investment and living in the emirate. Consumer search trends on dubizzle have indicated the most sought-after areas for purchasing affordable apartments and villas in Abu Dhabi during 2023. Let’s go through them in detail.
Top Areas for Buying Affordable Apartments in Abu Dhabi During 2023
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022 | Studio | 1-Bed | 2-Bed |
|---|---|---|---|---|---|
| Al Ghadeer | ROI 7.05% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
| Al Reef | ROI 8.10% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
| Masdar City | ROI 7.39% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
| Baniyas | ROI 5.42% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| Studio
| 1-Bed
| 2-Bed
|
Based on consumer search trends on dubizzle, the popular areas in 2023 for buying affordable apartments in Abu Dhabi have been identified as Al Ghadeer, Al Reef, Masdar City and Baniyas.
Al Ghadeer
Al Ghadeer, developed by ALDAR, a leading real estate developer in Abu Dhabi, has taken the top spot among popular areas for purchasing affordable apartments. Boasting an average sales price of AED 543k and an ROI of 7.05%, it has emerged as the most sought-after area for buying affordable apartments in Abu Dhabi.
The community has experienced rapid growth, with residential areas undergoing recent developments, leading to an uptick in demand for properties, particularly newly constructed apartments. Al Ghadeer is also among areas offering best ROI in apartments.
- The average price per-square-foot for affordable apartments for sale in Al Ghadeer has remained highly competitive, reaching AED 729, after experiencing a notable increase of 5.30% in 2023.
- The asking price for apartments for sale in 2023 averaged AED 372k for studio apartments, whereas, the average prices for 1 and 2 bedroom apartments have been recorded as AED 525k and AED 696k.
Al Reef
Al Reef is also among popular areas of the capital for buying affordable flats. Developed by Manazel Real Estate, Al Reef is among Abu Dhabi’s fully integrated residential communities. Located on the outskirts of the city, the area is ideal for those who frequently commute to Dubai.
As for the average sales price for buying flats in Al Reef, it averaged AED 801k with a competitive ROI of 8.1% in 2023.
- After a slight decrease of 2.38%, the price-per square foot averaged at AED 656.
- The price for apartments for sale averaged at AED 472k for studio, AED 571k for 1-bedroom and AED 771k for 2-bedroom apartments.
- According to DARI Data, in 2023, the cumulative sales transaction value for ready apartments in Al Reef has amounted to AED 90M.
Masdar City, renowned for its environmentally conscious design, has secured the third position among investors seeking budget-friendly apartments for sale in Abu Dhabi. Boasting an average sales price of AED 848k and an impressive ROI of 7.39%, the region has presented an enticing investment prospect in 2023. Additionally, Baniyas has claimed fourth spot on the list of prime affordable areas for purchasing apartments in the capital, with an average price of AED 1.07M and a 5.42% ROI.
Top Areas for Buying Affordable Villas in Abu Dhabi During 2023
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022 | 3-Bed | 4-Bed | 5-Bed |
|---|---|---|---|---|---|
| Al Reef | ROI 6.18% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Khalifa City | ROI 4.12% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Hydra Village | ROI 6.88% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Ghadeer | ROI 5.73% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
| Al Samha | ROI 5.35% | PRICE PER SQ.FT Avg. Price/sq.ftChange from 2022
| 3-Bed
| 4-Bed
| 5-Bed
|
Villas have also been popular when it comes to buying affordable property units in the capital. As per search trends on dubizzle for 2023, the most searched non-luxury areas to buy villas in Abu Dhabi among investors include Al Reef, Khalifa City, Hydra Village, Al Ghadeer and Al Samha.
Al Reef
An average sales price of AED 2.08M and an ROI of 6.18% secured Al Reef the top spot for purchasing budget-friendly villas in the capital.
- The price per square foot for buying villas in Al Reef increased to AED 713 in 2023, up by 1.84% from the previous year.
- As for the price for different units, the price for 3-bed villas averaged AED 1.59M. Meanwhile, the average price for 4 and 5-bed villas amounted to AED 2.2M and AED 2.53M, respectively.
Khalifa City
Khalifa City has attracted attention from individuals seeking affordable villas in the capital. Renowned for its strategic location along the highway to Dubai, Khalifa City is a popular choice among budget-conscious property seekers.
The suburb is particularly notable for hosting the prominent head offices of Etihad Airways, visible on both sides of the highway when approaching Abu Dhabi from Dubai. The price for apartments for sale in the area averaged 5.8M with an ROI of 4.12%.
- After a slight decrease of 2.75%, the price per square foot decreased to AED 823 from AED 846 in 2022.
- The price for 3-bed villas averaged AED 3.89M, whereas, the average prices for 4 and 5 bed villas have been recorded as AED 4.38M and AED 6.13M.
- The total sales transaction for ready villas in Khalifa City have been recorded at AED 264M in 2023 as per DARI data.
Hydra Village
A project by project of Hydra Properties LLC, Hydra village is among popular villa communities in Abu Dhabi. The price for buying affordable villas in the Hydra Village averaged AED 973k with an ROI of 6.88%.
- After a 2.06% increase, the price per square foot in Hydra Village increased to AED 493 in 2023 from AED 483 in 2022
- The price for 3-bedroom villas in Hydra Village averaged at AED 973k.
Al Ghadeer and Al Samha secured third and fourth position among the popular areas for buying affordable villas in Abu Dhabi. Al Ghadeer, has attracted budget-conscious villa buyers with an average sales price of AED 1.89M and an ROI of 5.73%. Meanwhile, Al Samha also attracted buyers looking to invest in budget-friendly villas in H1 2023, with an average sales price of AED 1.49M and a ROI of 5.35%.
Popular Off-Plan Communities in Abu Dhabi
Off-plan projects have been crucial in boosting the demand for properties in the capital city. Moreover, the appealing payment plans associated with off-plan properties in Abu Dhabi not only draw in investors but also serve as a compelling incentive for potential buyers. These developments, characterised by innovative designs and modern amenities, are particularly attractive to investors seeking promising returns.
Besides, off-plan projects offer an early investment opportunity in areas expected to see growth in infrastructure and amenities. Let’s take a closer look at the off-plan projects that have garnered attention for both apartments and villas in Abu Dhabi.
Top Off-Plan Projects For Apartments in Abu Dhabi
| Off-Plan Project | Area | Category | Average Sales Price |
| Plaza by Reportage | Masdar City | Affordable | 895,000 |
| Al Mahra Residence | Masdar City | Affordable | 1,104,000 |
| Al Reeman 1 | Al Shamkha | Affordable | 790,000 |
| Bloom Living | Zayed City | Affordable | 1,362,000 |
| City of Lights | Al Reem Island | Luxury | 1,565,000 |
| Yas Bay | Yas Island | Luxury | 1,606,000 |
| Al Maryah Vista | Al Maryah Island | Luxury | 1,131,000 |
| Saadiyat Cultural District | Saadiyat Island | Luxury | 3,265,000 |
- Plaza by Reportage, situated in Masdar City, has been identified as an affordable residential option with various amenities in a vibrant district.
- Similarly, Al Mahra Residences, also located in Masdar City, has emerged as another affordable apartment community for those looking to invest in the capital city.
- Budget-conscious buyers have also shown interest in Bloom Living, an off-plan community situated in Zayed City, expected to showcase a myriad of amenities and facilities.
- On the other hand, luxury buyers have shown interest in the City of Lights project situated in Al Reem Island.
- Yas Bay in Yas Island, another off-plan project in the capital city has been popular among luxury apartment buyers.
- Al Maryah Vista in Al Maryah Island and Saadiyat Cultural District in Saadiyat Island also have a place among buyers seeking an upscale apartment living experience in Abu Dhabi.
Top Off-Plan Projects For Villas in Abu Dhabi
| Off-Plan Project | Area | Category | Average Sales Price |
| Al Reeman 2 | Al Shamkha | Affordable | 3,754,000 |
| Bloom Living | Zayed City | Affordable | 3,344,000 |
| Noya | Yas Island | Luxury | 3,016,000 |
| Tamouh | Al Reem Island | Luxury | 4,046,000 |
| Saadiyat Reserve | Saadiyat Island | Luxury | 7,595,000 |
| Al Jurf Gardens | Al Jurf | Luxury | 4,944,000 |
| Yas Acres | Yas Island | Luxury | 5,187,000 |
- Al Reeman 2 in Al Shamkha emerged as a sought-after off-plan project for individuals in search of an affordable villa living experience in the capital.
- Bloom Living in Zayed City stands out as another budget-friendly option for those looking to invest in villas.
- Conversely, Noya in Yas Island is an upcoming project gaining popularity among those seeking luxurious villa experiences in the emirate.
- Tamouh in Al Reem Island has also piqued interest among individuals looking to purchase luxury villas.
- Saadiyat Reserve in Saadiyat Island is yet another off-plan project that has captured the attention of luxury villa buyers.
- Al Jurf Gardens and Yas Acres have also risen in prominence as popular off-plan communities for purchasing luxury villas in the city.
That concludes the 2023 Abu Dhabi annual sales market report. Prospective buyers can make well-informed decisions with this comprehensive overview of the Abu Dhabi Sales Market for the year 2023. Additionally, individuals keen on investing in the thriving real estate market of the capital can explore these properties for sale in Abu Dhabi.
To delve deeper into real estate market trends in Abu Dhabi and across the UAE, keep yourself updated by following dubizzle’s property blog.
Disclaimer: The trends mentioned in the Abu Dhabi annual sales market report for 2023 depend upon the properties listed on dubizzle for sale. It is not an actual representation of the real estate trends and transactions in the Emirate.
