NF Group – Residential Real Estate Market Digest, Abu Dhabi, Q1 2024

The residential real estate market in Abu Dhabi saw increased developer activity in Q1 2024, with Aldar Properties leading the way. The Elie Saab Waterfront project on Al Reem Island attracted high-end buyers with branded residences. Apartments in iconic locations had an average budget of AED 0.5 to 2.9 million, while villas ranged from AED 2.6 to 10.9 million. House leases decreased due to rising budgets, prompting tenants to purchase ready properties instead. Budget-friendly leasing options were available in Al Reef and Yas Island for apartments, while Al Saadiyat Island had the highest lease prices.