The investigation reveals that due to the rising demand for high-quality houses, values in the asking sales prices for the affordable and luxury groups have recorded significant increases.

Trends for Buying Properties in Abu Dhabi

• The less expensive options of the apartments can now be considered to be Al Reef and Al Ghadeer. Also, the wealthy residents who prefer luxury apartments tend to get real estate in two particular locations, Al Raha Beach and Al Reem Island. The remaining affordable villa units were located mainly in Al Reef and Khalifa City. Speculators and Investors intending to buy luxury homes persisted in showing a preference for the prestigious locations of Yas Island and Saadiyat Island to make more inviting neighbors.
• Preliminary data from DirectSB shows that the printed price for each square meter of luxury villas in popular residential island enclaves went up by as much as 10% in the first half of 2024. As the elite residential units continue to rise in the area in response to a demand for prime property locations on Yas Island, house prices for luxury had a leap of 10.3%. Among all the property types on Saadiyat Island, luxury residences recorded the highest rise, with a 6% growth. Further, there were price hikes of 2.77% for premium Yas Island flats and 2.75% for premium Al Reem Island flats.
• In the cheap class what has also been observed is that the per square feet sales price that is advertised has also tended to rise. Incredibly enough, the price of apartments in Al Ghadeer has gone up by 9.5%, and the price of reasonably priced flats in Al Reef has gone up by 2.16%.
• Affordable villas’ asps in the capital increased and the sales floor area DUMP average sales price per square foot was up to 7% in 1H 2024. Houses were slightly up in Hydra Village and Al Reef at 1.11% and 3.11% respectively for affordable homes. However, the sampled villas in Al Samha and Al Ghadeer indicated an increase of 5.57 % and 6.10 % respectively. Khalifa City villas were the only exception; their prices were reduced by 1.73% in the last month.
• It revealed that Al Ghadeer has achieved a high estimated return on investment (ROI) of 8.52% from affordable flats in the area of cheap houses. Al Reem Island continued to attract buyers looking for luxury apartments with an expected rental yield of 6.94% for the first half of the year 2024.
• The analysis also revealed that the best places to buy villas were Abu Dhabi Hydra Village with a Return on Investment of 8.08 % and Yas Island luxury villas with a Return on Investment of 6.89%.
• The most loyal proposals to the battery were the opportunities of Royal Park and Bloom Living, two relatively cheap offers all with off-plan apartments. Specifically, the target luxury buyers were attracted to off-plan purchases in the Saadiyat Cultural District, City of Lights, and Yas Bay island states.
• Based on the off-plan villa which has gained popularity Fay Al Reeman 2, focused on the small ticket buyer more, however, luxury off-plan villa buyers are existent to in Yas Acres and Murjan Al Saadiyat.

Trends for Renting Properties in Abu Dhabi

DirectSB’s assessment of the rental property market reveals that it is very active, healthy, and still growing in Abu Dhabi.

• Al Khalidiyah and Khalifa City have affordable apartment rents, which are very popular among clients. At the same time, Khalifa City and Mohammed Bin Zayed City (MBZ City) are now the most popular areas in the UAE’s capital for renting relatively affordable villas.
• High demand has led to an impressive increase in the rental prices of apartments within popular affluent areas by about 21 percent with a focus on Saadiyat Island and Al Raha Beach areas. On the same note, the cheap apartment rents, particularly in Al Muroor, have increased by a figure of greater than 7 percent.
• A detailed analysis of rental rates for H1 2024 of the capital revealed that the rental cost of affordable villas rose marginally to moderately, or about 7%. Altug: On the other hand, Shakhbout City, Al Ain’s net migration counterpart, experienced a slight decrease. Potential rent hikes of up to 12%, particularly for luxury villas evident in Al Bateen, show that the market is value stable.
• Real Estate Market – Abu Dhabi was able to record highly impressive figures in the first half of 2024 and now captures the interest of both domestic and international investors.
• This branch of industry has grown, and as we can see, the rest of the year seems to be quite bright. It is equally positive that the future months are anticipated to experience a steady increase in residential rental prices in Abu Dhabi as well.