In 2024, Abu Dhabi’s residential property market experienced notable growth, driven by heightened demand and a shortage of available supply. Home sale prices increased significantly, while rents saw a substantial rise. Villa prices saw the highest growth in specific areas, with Khalifa City recording the strongest rise. Apartment prices also rose, particularly in prime locations such as Saadiyat Island and Yas Island, reflecting the overall upward trend in the market.

The supply of residential units struggled to meet the rising demand, contributing to continued price increases. While new supply is expected to arrive in 2025, demand remains high, likely maintaining upward pressure on both sales prices and rents. The UAE’s property market continues to benefit from government initiatives, such as residency permits for retirees and remote workers, along with the expansion of long-term visa programs, which have spurred ongoing market activity.

Residential rents followed the upward trend with both, apartments and villas recording significant increases in rent, particularly in areas such as Saadiyat Island and Reem Island. Although the delivery of new units fell short of projections, a substantial number of new residential properties are expected to be delivered in 2025, with key areas such as Yas Island and Saadiyat Island anticipated to receive the majority of new supply.

Not decided whether to buy your apartment in Abu Dhabi, Dubai or perhaps Ras Al Khaimah? An expert guidance would be handy? You are in the right place. With over 20 years of international experience, we provide customized services to suit your specific personal needs. Call us at +971 521 521 330 or email at office@alphaprimedwc.ae. We are here for you.