Latest news with #AbuDhabiRealEstateCentre
Arabian Business
24-04-2025
- Business
- Arabian Business
Abu Dhabi real estate transactions jump to $6.9bn in Q1; Saadiyat Island stands out as lead area
Abu Dhabi real estate transaction value grew by 34.5 per cent to AED25.3bn ($6.9bn) across 6,896 deals in the first quarter of 2025 in the emirate, compared to AED18.82bn ($5.1bn) from 5,773 transactions in the same period of 2024, according to the Abu Dhabi Real Estate Centre. Buy and sell transactions totalled AED15.51bn ($4.2bn) through 3,819 transactions, reflecting a 26.7 per cent increase in value and an 11 per cent rise in volume compared to the first quarter of 2024. Mortgage transactions also recorded strong growth, reaching AED9.8bn ($2.7bn) through 3,077 transactions — a 49 per cent year-on-year increase. Abu Dhabi real estate Saadiyat Island was the leading area for real estate transactions, recording deals amounting to AED5.6bn ($1.5bn). It was followed by Yas Island, with AED3.6bn ($980m), and Mohammed Bin Zayed City, with AED2.1bn ($572m). Al Reem Island and Al Hudayriyat Island recorded over AED1bn ($272m) in transactions. The report highlighted continued activity in Foreign Direct Investment (FDI), with 384 transactions valued at AED1.582bn ($431m) concluded by investors from 68 nationalities — up from 58 nationalities during the same period last year. This demonstrates growing confidence in Abu Dhabi's real estate market, driven by regulatory policies and government initiatives that enhance its local and global appeal. Rashed Al Omaira, Acting Director-General of ADREC, said: 'ADREC continues to advance a more efficient, competitive, and sustainable real estate ecosystem, driven by digital transformation, reliable data, and continuous collaboration with strategic partners. 'These results highlight the strength of Abu Dhabi's property market and its enduring attractiveness as a regional and international hub for real estate investment. 'The notable growth in transaction value and volume, alongside the rise in foreign investment, underscores the effectiveness of our regulatory frameworks and reinforces investor confidence in the market. 'We will continue to enhance our legislative and digital tools and promote transparency to establish a more flexible and sustainable real estate environment aligned with Abu Dhabi's long-term vision.'
Zawya
24-04-2025
- Business
- Zawya
ADREC logs $6.89bln property transactions in Q1-25
The Abu Dhabi Real Estate Centre (ADREC), an affiliate of the Department of Municipalities and Transport, reported 34.50% year-on-year (YoY) higher property transactions at AED 25.30 billion in the first quarter (Q1) of 2025. The transactions were implemented over 6,896 deals, compared to AED 18.82 billion across 5,773 transactions in Q1-24, according to a press release. Buy and sell transactions jumped to AED 15.51 billion through 3,819 transactions in the first three months (3M) of 2025. Mortgage transactions hiked by 49% to AED 9.80 billion through 3,077 transactions. The report highlighted continued activity in foreign direct investment (FDI), with 384 transactions valued at AED 1.58 billion concluded by investors from 68 nationalities. Rashed Al Omaira, Acting Director General of ADREC, said: "ADREC continues to advance a more efficient, competitive, and sustainable real estate ecosystem, driven by digital transformation, reliable data, and continuous collaboration with strategic partners.' 'The notable growth in transaction value and volume, alongside the rise in foreign investment, underscores the effectiveness of our regulatory frameworks and reinforces investor confidence in the market,' Al Omaira stated. He added: "We will continue to enhance our legislative and digital tools and promote transparency to establish a more flexible and sustainable real estate environment aligned with Abu Dhabi's long-term vision."
Zawya
24-04-2025
- Business
- Zawya
ADREC records AED 25.3bln inreal estate transactions, marking a 34.5% growth
Abu Dhabi: The Abu Dhabi Real Estate Centre, an affiliate of the Department of Municipalities and Transport – Abu Dhabi, has announced a significant increase in property transactions across the Emirate during the first quarter of 2025. The Centre reported the total transaction value grew by 34.5% to AED 25.3 billion across 6,896 deals, a 34.5% increase compared to AED 18.82 billion from 5,773 transactions in the same period of 2024. Buy and Sell transactions surged to AED 15.51 billion through 3,819 transactions, reflecting a 26.7% increase in value and an 11% increase in volume compared to the first quarter of 2024. Mortgage transactions also recorded strong growth, reaching AED 9.8 billion through 3,077 transactions — a 49% year-on-year increase. Saadiyat Island was the leading area for real estate transactions, recording deals amounting to AED 5.6 billion. It was followed by Yas Island, with AED 3.6 billion, and Mohammed Bin Zayed City, with AED 2.1 billion. Al Reem Island and Al Hudayriat Island recorded over AED 1 billion in transactions. The report highlighted continued activity in Foreign Direct Investment (FDI), with 384 transactions valued at AED 1.582 billion concluded by investors from 68 nationalities — up from 58 nationalities during the same period last year. This demonstrates growing confidence in Abu Dhabi's real estate market, driven by regulatory policies and government initiatives that enhance its local and global appeal. Engineer Rashed Al Omaira, Acting Director General of ADREC, said: "ADREC continues to advance a more efficient, competitive, and sustainable real estate ecosystem, driven by digital transformation, reliable data, and continuous collaboration with strategic partners. These results highlight the strength of Abu Dhabi's property market and its enduring attractiveness as a regional and international hub for real estate investment. The notable growth in transaction value and volume, alongside the rise in foreign investment, underscores the effectiveness of our regulatory frameworks and reinforces investor confidence in the market." He added: "We will continue to enhance our legislative and digital tools and promote transparency to establish a more flexible and sustainable real estate environment aligned with Abu Dhabi's long-term vision." About The Abu Dhabi Real Estate Centre (ADREC) The Abu Dhabi Real Estate Centre (ADREC), launched by the Department of Municipalities and Transport in November 2023, aims to enhance Abu Dhabi's position as a global real estate hub and increase the sector's contribution to the non-oil economy. ADREC leads a significant transformation in Abu Dhabi's real estate sector, centred around four key pillars: Real Estate Strategy, Real Estate Promotion, Real Estate Regulation, and Real Estate Transactions Management. ADREC's focus is on advancing the sector's ecosystem while giving priority to the well-being of tenants, homeowners, developers, and investors. This involves streamlining processes and enhance regulatory frameworks, while utilising advanced technologies to provide sustainable and seamless services. Collaborating closely with all stakeholders, the centre aims to elevate development standards and overall liveability in Abu Dhabi. Moreover, ADREC focuses on innovation, exploring groundbreaking technologies. This comprehensive approach highlights ADREC's commitment to transparency, innovation, and collaboration, positioning Abu Dhabi as an attractive global destination. For media inquiries, please contact: Amer Rashed Albedwawi Email:
Al Etihad
24-04-2025
- Business
- Al Etihad
Abu Dhabi Real Estate Centre records 34.5% growth in real estate transactions to Dh25.3bn+ in Q1 2025
24 Apr 2025 10:05 ABU DHABI (ALETIHAD)The Abu Dhabi Real Estate Centre, an affiliate of the Department of Municipalities and Transport – Abu Dhabi, has reported that total transaction value grew by 34.5 percent to Dh25.3 billion across 6,896 deals in the first quarter of 2025 in the emirate, compared to Dh18.82billion from 5,773 transactions in the same period of and sell transactions totalled Dh15.51 billion through 3,819 transactions, reflecting a 26.7 percent increase in value and an 11 percent rise in volume compared to the first quarter of 2024. Mortgage transactions also recorded strong growth, reaching Dh9.8 billion through 3,077 transactions — a 49 percent year-on-year Island was the leading area for real estate transactions, recording deals amounting to Dh5.6 billion. It was followed by Yas Island, with Dh3.6 billion, and Mohammed Bin Zayed City, with Dh2.1 billion. Al Reem Island and Al Hudayriyat Island recorded over Dh1 billion in report highlighted continued activity in Foreign Direct Investment (FDI), with 384 transactions valued at Dh1.582 billion concluded by investors from 68 nationalities — up from 58 nationalities during the same period last year. This demonstrates growing confidence in Abu Dhabi's real estate market, driven by regulatory policies and government initiatives that enhance its local and global Director-General of ADREC, Engineer Rashed Al Omaira, said, "ADREC continues to advance a more efficient, competitive, and sustainable real estate ecosystem, driven by digital transformation, reliable data, and continuous collaboration with strategic partners. These results highlight the strength of Abu Dhabi's property market and its enduring attractiveness as a regional and international hub for real estate investment. The notable growth in transaction value and volume, alongside the rise in foreign investment, underscores the effectiveness of our regulatory frameworks and reinforces investor confidence in the market." "We will continue to enhance our legislative and digital tools and promote transparency to establish a more flexible and sustainable real estate environment aligned with Abu Dhabi's long-term vision."
Arabian Business
31-03-2025
- Business
- Arabian Business
UAE real estate: Abu Dhabi launches first regional multiple listing service platform
Abu Dhabi Real Estate Centre (ADREC) has announced the launch of Madhmoun, the region's first Multiple Listing Service (MLS) platform designed to transform property transactions through increased transparency and efficiency. The platform, whose name means 'verified' in Arabic, will provide a centralised solution for real estate practitioners, offering verified listings and real-time property updates. 'We are delighted to introduce Madhmoun, which we believe will transform how real estate transactions are conducted in Abu Dhabi. This initiative reflects our commitment to bringing innovation, transparency, and efficiency to the real estate market,' Rashed Al Omaira, Acting Director General of ADREC said, according to a statement by the Abu Dhabi Media Office. View this post on Instagram A post shared by Abu Dhabi Real Estate Centre – مركز أبوظبي العقاري (@ Abu Dhabi launches Madhmoun: First MLS platform revolutionising real estate transactions The platform aims to address key market challenges by eliminating misleading advertisements and connecting Abu Dhabi's real estate market with international investors. Madhmoun promises substantial improvements in the property market. The platform is expected to increase property visibility by 70 per cent, boost broker productivity by 35 per cent, and reduce transaction time by 40 per cent. Every property listing will undergo thorough verification to ensure accuracy and reliability, providing users with the most current information about properties in the market. ADREC emphasised that Madhmoun is more than just an advertising platform. It is an internationally recognised system designed to elevate market standards and enable authentic advertising. 'The launch of Madhmoun represents a significant step forward for Abu Dhabi, strengthening trust and transparency across the real estate market. As the first initiative of its kind in the region, ADREC is proud to lead this effort, further reinforcing Abu Dhabi's status as a resilient and globally competitive real estate investment hub,' Al Omaira added. The innovative platform, offers a one-stop solution for real estate practitioners, developers, and buyers, and will help reduce listing fragmentation, increase global visibility, and provide users with access to the latest property data. By facilitating international exposure and creating opportunities for worldwide investors, Madhmoun is set to play a crucial role in transforming the regional real estate landscape.
