Q3 2024 Overview: Property Price Increases in Abu Dhabi
Abu Dhabi’s property market saw a noticeable rise in prices from July to September 2024, showing significant growth compared to Q3 2023.
Average Property Prices:
- Apartments: Prices rose by 9%, averaging $3,300 per m²
- Villas: Prices increased by 8%, averaging $2,900 per m²
Average Rental Rates:
- Apartments: Rents climbed by 9%, reaching an average of $19,300 per year
- Villas: Rental rates rose by 4%, with an average of $44,400 per year
Prime Areas for New Property Launches in Abu Dhabi:
Abu Dhabi’s real estate sector introduced exciting new developments across several sought-after locations:
- Hudayriat Island
- Ramhan Island
- Saadiyat Island
- Yas Island
Best Locations to Buy an Apartment in Abu Dhabi
Affordable Options: Ideal for budget-conscious buyers looking for competitive pricing without compromising on amenities.
- Al Reef, Masdar City, Al Ghadeer
- Average Price: $233,000
Luxury Options: Known for upscale amenities, prime locations, and excellent returns on investment.
- Al Reem Island, Yas Island, Al Raha Beach
- Average Price: $378,000
Best Locations to Buy a Villa in Abu Dhabi
Affordable Villa Options: High value for families and investors seeking larger spaces at competitive prices.
- Al Reef, Al Shamkha, Zayed City
- Average Price: $596,000
Luxury Villa Options: Exclusive, high-end locations perfect for luxury seekers.
- Yas Island, Saadiyat Island, Al Reem Island
- Average Price: $1,157,000
For those considering an investment in Abu Dhabi, these trends reflect a thriving market, especially for high-end and affordable real estate options, making it an ideal time to capitalize on Abu Dhabi’s property growth.