Tag: Abu Dhabi housing

  • Abu Dhabi Home Sales Rebound in April with 3,200 Transactions

    Abu Dhabi Home Sales Rebound in April with 3,200 Transactions

    Residential property activity in Abu Dhabi demonstrated resilience through March and April, with transaction volumes and values in April returning to levels seen earlier in the year, according to new market insights released by the Abu Dhabi Real Estate Centre (Adrec).

    Data covering the past eight weeks shows that residential unit sales softened slightly in March before gathering pace again in April. Around 2,600 residential transactions were recorded in March, compared with approximately 2,700 in January and 3,100 in February. April saw more than 3,200 residential unit sales, surpassing transaction volumes from the first two months of the year.

    In value terms, April marked a strong month, with residential sales exceeding Dh13 billion, reflecting sustained buyer interest despite broader price stability across the market.

    Adrec noted that ready unit sales provide the clearest indication of near-term demand, as they reflect immediate purchasing decisions rather than forward commitments typically associated with off-plan transactions. Over the eight-week period, ready sales broadly tracked recent historical averages, with March recording 482 transactions worth around Dh1.2 billion. In April, ready sales recovered to 529 units with transaction values returning to around Dh1.6 billion, in line with earlier norms.

    Off-plan development activity remained steady over the period, with several major projects launched across the emirate. These included Modon’s Tara Park, Ohana Development’s Manchester City Yas Residences, Aldar’s Yas Park Place and Sobha City Abu Dhabi, underscoring continued confidence among developers and a steady pipeline of new supply entering the market. The Tara Park sell-out on Reem Island generated approximately AED2 billion in sales.

    On pricing, listing data suggested limited downward pressure. Roughly 90 per cent of residential listings recorded no change or posted price increases. Where reductions were made, they were generally modest, with between 85 per cent and 90 per cent of adjusted listings seeing decreases of less than 10 per cent, pointing to contained and selective repricing rather than broad-based declines.

    The rental market continued to expand, with the total number of active leased residential units rising steadily on a week-by-week basis throughout 2026. Adrec noted that while growth has moderated in line with trends seen over the past two to three years, high occupancy levels continue to underpin leasing activity across the emirate.

    The emirate’s performance follows the second-strongest quarter on record in Q1 2026, when transaction volumes in Abu Dhabi City exceeded 7,200 deals, just below the all-time peak of 7,600 recorded in Q4 2025.

    Adrec said the latest data release is part of its ongoing efforts to improve transparency and provide market participants with clearer insight into evolving real estate trends in Abu Dhabi, with transaction indicators and performance data available through its official platform.

  • Abu Dhabi Approves $1.15 Billion Housing Package for Citizens

    Abu Dhabi Approves $1.15 Billion Housing Package for Citizens

    The housing package, approved under the directives of Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, includes housing loans amounting to AED2.1 billion for 1,415 citizens, ready-built housing grants valued at AED1.82 billion for 914 citizens, residential land grants worth AED144 million for 185 citizens, and exemptions from housing loan repayments totalling AED142 million for 138 senior citizens, limited-income retirees, and heirs of deceased citizens.

    Abu Dhabi’s disbursement of the first housing package of 2026 comes ahead of Eid Al Fitr and reflects the leadership’s ongoing commitment to enhancing Emirati families’ wellbeing and ensuring their social stability and happiness in an environment that meets their aspirations and needs.

    “We extend our sincere gratitude and appreciation to His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and to His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, for their continued generous directives, care and commitment to providing citizens with the highest standards of living,” said Mohamed Ali Al Shorafa, Chairman of the Board of Directors of Abu Dhabi Housing Authority.

    Al Shorafa added that the leadership’s directives to disburse this housing benefits package reflect their commitment to meeting citizens’ aspirations and housing needs, enhancing their quality of life and ensuring stability and well-being for Emirati families.

    This package brings the total housing benefits delivered to citizens in Abu Dhabi since the establishment of the Abu Dhabi Housing Authority to more than 132,000, exceeding AED181 billion.

    Hamad Hareb Al Muhairi, Director-General of Abu Dhabi Housing Authority, noted that the new housing benefits package embodies the leadership’s ongoing dedication to ensuring dignified living standards and family stability for Emirati citizens, while serving comprehensive development objectives and underscoring the importance of suitable housing as a cornerstone of a cohesive and prosperous society.

    Al Muhairi further stated that Abu Dhabi Housing Authority continuously works to enhance and develop its programs and services, facilitating citizens’ access to suitable housing, in line with the leadership’s directives and ambitious vision for a prosperous future for citizens.

    The announcement comes as regional authorities continue to prioritize citizen welfare through housing initiatives. Earlier on March 18, Dubai allocated 4,631 residential plots valued at Dh5.3 billion for Emirati citizens across multiple communities. Abu Dhabi’s housing sector has also demonstrated strong momentum, with 75 million square meters of development approved in 2025, marking a 137% year-on-year increase.