Bayut & dubizzle’s Abu Dhabi Q3 2021 sales report: Steady recovery driving demand for sale units in the capital
- Affordable Apartment Sales
- Luxury Apartment Sales
- Affordable Villa Sales
- Luxury Villa Sales
- Top Off-Plan Projects
With the third quarter of 2021 coming to a wrap, it’s important to analyse how the real estate sector of Abu Dhabi has evolved during the last three months. As per our evaluation of the Abu Dhabi property market, Q3 2021 has been an excellent quarter for real estate in the capital. The market has shown signs of growth, with Abu Dhabi property prices experiencing moderate upticks, particularly in the luxury segment.
For a complete list of the areas that have performed well during the last three months, check out the Abu Dhabi sales property market report for Q3 2021.
For an accurate representation of properties for sale, our Q3 2021 market report compares the average sales price-per-square-foot for an area. Please note that these prices are subject to change based on multiple factors, including amenities available, the developer involved in the project, location and other key details.
We have further segregated popular areas into ‘Affordable’ and ‘Luxury’ sections in the Abu Dhabi Q3 2021 market report for ease of your understanding.
TOP NEIGHBOURHOODS IN ABU DHABI ACCORDING TO TRENDS ON BAYUT & DUBIZZLE
To offer you a more tailored view of the emirate’s real estate market, Bayut & dubizzle’s combined Abu Dhabi Q3 sale property report has compared the prices of properties to those observed in Q2 2021.
The report reveals that buyers and investors have shown an inclination towards serene, suburban districts like Al Reef and Al Ghadeer to buy affordable properties in the capital. Waterfront communities such as Al Reem Island and Saadiyat Island have been favourites for buyers interested in purchasing upscale properties in the capital city.
AL REEF IS THE MOST POPULAR AREA FOR AFFORDABLE APARTMENTS IN ABU DHABI
Q3 PROPERTY PRICES IN ABU DHABI TO BUY AFFORDABLE FLATS
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021 | STUDIOS | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Al Reef | ROI 7.93% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| STUDIOS
| 1-BED
| 2-BED
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| Al Ghadeer | ROI 6.27% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| STUDIOS
| 1-BED
| 2-BED
|
| Masdar City | ROI 8.21% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| STUDIOS
| 1-BED
| 2-BED
|
As per the data released by Bayut & dubizzle in Q3 2021, Al Reef has ranked first for buying affordable apartments in Abu Dhabi. Located on the outskirts of Abu Dhabi and in proximity to Dubai, Al Reef has been consistently gaining popularity in this segment.
The average sales cost-per-square-foot in Al Reef has remained competitive at AED 673. The sales price for studios in Al Reef has averaged at AED 497k while investors can expect to shell out AED 642k and AED 787k, on average, to buy 1 and 2-bed units in the community.
Al Ghadeer has secured the second spot on the popularity list for cheap apartments for sale in Abu Dhabi. The area has been gaining sustained traction among buyers because of its attractive prices and proximity to Dubai.
The sales price-per-square-foot in this self-sufficient community has averaged at AED 733 after a slight increase of 1.2% from Q2 2021. Investors seeking smaller units in Abu Dhabi can buy studios in Al Ghadeer at an average price of AED 358k. Those interested in more spacious units can expect to pay AED 506k and AED 695k to buy 1 and 2-bed flats in Al Ghadeer.
Another area that has been consistently appealing to investors to buy cost-friendly apartments in Abu Dhabi is the sustainable development of Masdar City. In this quarter, the average sales price-per-square-foot of apartments in Masdar City has increased slightly by 0.2% to AED 1,183. Studios in Masdar City have been competitively priced at AED 510k. Prices for 1 and 2-bed flats have averaged at AED 737k and AED 1M respectively in Q3 2021.
MASDAR CITY OFFERS THE BEST RENTAL YIELDS IN ABU DHABI FOR AFFORDABLE APARTMENTS
With projected rental yields of 8.2%, Masdar City has emerged as the most lucrative area for buying budget-friendly apartments in Abu Dhabi. Apart from Masdar City, Al Reef and Al Ghadeer have delivered good rental gains of 7.9% and 6.2% for the sale of flats in the capital.
AL REEM ISLAND GARNERS THE MOST INTEREST FOR LUXURY APARTMENT SALES IN ABU DHABI
MOST POPULAR AREAS TO BUY LUXURY APARTMENTS IN ABU DHABI
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021 | 1-BED | 2-BED | 3-BED |
|---|---|---|---|---|---|
| Al Reem Island | ROI 6.53% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 1-BED
| 2-BED
| 3-BED
|
| Al Raha Beach | ROI 6.70% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 1-BED
| 2-BED
| 3-BED
|
| Yas Island | ROI 7.36% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 1-BED
| 2-BED
| 3-BED
|
| Saadiyat Island | ROI 6.22% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 1-BED
| 2-BED
| 3-BED
|
Exhibiting popularity trends similar to that of Q2 2021, Al Reem Island has been the most in-demand community in Q3 2021 for the purchase of high-end flats in Abu Dhabi. Potential investors have continued to seek flats in the area thanks to its top-notch conveniences and waterfront living.
The average price-per-square-foot of flats in Al Reem Island has reduced marginally by 0.3% to AED 999.5. If we look at the average price of individual units, the cost of 1-bed apartments for sale in Al Reem Island has averaged at AED 809k. The 2 and 3-bed units have been priced at an average of AED 1.2M and AED 1.9M, respectively.
Al Raha Beach has been the second-most popular investor-friendly area for buying luxury flats in Abu Dhabi. The sales price-per-square-foot of apartments in Al Raha Beach has averaged at AED 1,176, rising slightly to 1.4%. The price of 1-bed flats for sale in Al Raha Beach has averaged at AED 1.1M, whereas 2 and 3-bed apartments in Al Raha Beach have average prices standing at AED 1.6M and AED 2.5M, respectively in Q3 2021.
Other than Al Reem Island and Al Raha Beach, investors have also shown interest in waterfront districts like Yas Island and Saadiyat Island to buy luxury flats in the capital city.
YAS ISLAND OFFERS THE BEST ROI IN ABU DHABI FOR LUXURY APARTMENTS
Yas Island has emerged with the highest ROI of 7.36% for luxury apartments in Abu Dhabi. The area is closely followed by Al Raha Beach with gross returns of 6.7%. Other sea-facing communities such as Al Reem Island and Saadiyat Island have also appealed to investors offering an impressive ROI of over 6% for flats for sale in Abu Dhabi.
- 2 BEDS
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- 3 BATHS
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- 1206 SQFT
- 1 BED
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- 2 BATHS
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- 849 SQFT
- 1 BED
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- 2 BATHS
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- 903 SQFT
- 1 BED
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- 2 BATHS
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- 754 SQFT
- 2 BEDS
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- 4 BATHS
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- 1435 SQFT
AL REEF IS THE TOP CHOICE FOR BUYING AFFORDABLE VILLAS IN ABU DHABI
ABU DHABI PROPERTY PRICES FOR BUYING AFFORDABLE VILLAS
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| Al Reef | ROI 6.28% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 3-BED
| 4-BED
| 5-BED
|
| Hydra Village | ROI 6.96% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 3-BED
| 4-BED
| 5-BED
|
| Khalifa City A | ROI 4.19 % | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 3-BED
| 4-BED
| 5-BED
|
| Shakhbout City (Khalifa City B) | ROI 8.40% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Ghadeer | ROI 6.22% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 3-BED
| 4-BED
| 5-BED
|
Unsurprisingly, Al Reef has remained the top choice for buying affordable villas in Abu Dhabi in Q3 2021. Al Reef’s rising popularity points towards the increasing demand for homes in the capital that are close to Dubai. The price-per-square-foot of villas in Al Reef has shown a 2.1% increase from AED 671 in Q2 2021 to AED 685 in Q3 2021. The average price to buy 4-bed villas in Al Reef has remained steady at AED 1.5M, while 5 and 6-bedroom houses have been priced at AED 2.1M and AED 2.4M in the third quarter of 2021.
The lush-green, villa community in Abu Dhabi, Hydra Village has proven to be another popular option for those in search of affordable villas in the city. Houses for sale in Hydra Village have experienced a 3.2% increase in the average price-per-square-foot, averaging at AED 515. Potential investors can buy 3-bed villas in Hydra Village for an average price of AED 969k.
Investors looking for considerably cheaper villas in Abu Dhabi have shown interest in other suburban areas like Shakhbout City (Khalifa City B) and Al Ghadeer in Q3 2021.
SHAKHBOUT CITY (KHALIFA CITY B) OFFERS THE HIGHEST ROI IN ABU DHABI FOR AFFORDABLE VILLAS
Shakhbout City (Khalifa City B) offers the highest rental yields for affordable villas for sale in Abu Dhabi. The projected ROI in Shakbout City stands at 8.4%, followed by Hydra Village at 6.9%, the communities of Al Reef and Al Ghadeer closely follow with both offering rental yields of 6.2%.
SAADIYAT ISLAND IS THE MOST POPULAR CHOICE TO BUY LUXURY VILLAS IN ABU DHABI
ABU DHABI PROPERTY PRICES FOR LUXURY VILLAS IN Q3 2021
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021 | 4-BED | 5-BED | 6-BED |
|---|---|---|---|---|---|
| Saadiyat Island | ROI 5.46% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 4-BED
| 5-BED
| 6-BED
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| Yas Island | ROI 5.06% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 4-BED
| 5-BED
| 6-BED
|
| Al Raha Gardens | ROI 6.06% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2021
| 4-BED
| 5-BED
| 6-BED
|
In Q3 2021, investors have shown an inclination towards waterfront communities to buy upscale villas in Abu Dhabi. Saadiyat Island has emerged as the most popular area to buy luxury villas in the capital city. The price-per-square-foot of villas in Saadiyat Island has averaged at AED 1,382, after a minor dip of 1% from Q2 2021. The average price of 4-bed villas for sale in Saadiyat Island has decreased to AED 7.8M, whereas 5 and 6-bed houses averaged at AED 12M and AED 17M, respectively.
Yas Island has been the second most sought after area to buy luxury villas in Abu Dhabi. The price-per-square-foot for villas in the area has stood steady at AED 1,112 in Q3 2021. The average cost of 4 and 5-bed high-end villas in Yas Island has been AED 4.8M and AED 8.9M, respectively.
Luxury villa seekers have also shown considerable interest in Al Raha Gardens. The average price-per-square-foot for villas in Al Raha Gardens has decreased from AED 833 to AED 809, recording a 2.8% drop. The cost of 4 and 5-bedroom villas in Al Raha Gardens has averaged at AED 2.6M and AED 3.9M in Q3 2021.
AL RAHA GARDENS HAS THE HIGHEST RENTAL RETURNS FOR LUXURY VILLAS IN ABU DHABI
With an impressive ROI of 6%, Al Raha Gardens has offered the highest rental yields for luxury villas in Abu Dhabi. Villa properties in Yas Island and Saadiyat Island have also yielded healthy rental returns averaging at 5% and 5.4% respectively.
- 4 BEDS
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- 8 BATHS
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- 5794 SQFT
- 4 BEDS
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- 6 BATHS
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- 6771 SQFT
TOP OFF-PLAN PROJECTS IN ABU DHABI
MOST POPULAR OFF-PLAN APARTMENTS IN ABU DHABI
PROJECT | LOCATION | CATEGORY |
|---|---|---|
PROJECT Diva | LOCATION Yas Island | CATEGORY Affordable |
PROJECT Al Maryah Vista | LOCATION Al Maryah Island | CATEGORY Affordable |
PROJECT Al Ghadeer Phase II | LOCATION Al Ghadeer | CATEGORY Affordable |
PROJECT Water’s Edge | LOCATION Yas Island | CATEGORY Luxury |
PROJECT Makers District | LOCATION Al Reem Island | CATEGORY Luxury |
PROJECT Al Raha Lofts | LOCATION Al Raha Beach | CATEGORY Luxury |
As per Bayut & dubizzle’s Q3 sales trends report, buyers have been most keen on off-plan apartments located in waterfront areas. In Q3 2021, Diva in Yas Island has been the most popular off-plan project in Abu Dhabi in the affordable segment. Investors can buy off-plan apartments in Diva at an average price of AED 569k.
Al Maryah Vista in Al Maryah Island and Al Ghadeer Phase II have also attracted buyer interest for affordable off-plan apartments in Abu Dhabi.
On the luxury front, investors have shown the most interest in apartments in Yas Island, Al Reem Island and Al Raha Beach. Water’s Edge has been the most sought-after project for buying luxury apartments in Abu Dhabi. This highly-anticipated project in Yas Island has property prices averaging at AED 1.1M, followed closely by projects like Makers District in Al Reem Island and Al Raha Lofts in Al Raha Beach.
TOP OFF-PLAN VILLA PROJECTS IN ABU DHABI
PROJECT | LOCATION | CATEGORY |
|---|---|---|
PROJECT Noya | LOCATION Yas Island | CATEGORY Affordable |
PROJECT Al Ghadeer Phase II | LOCATION Al Ghadeer | CATEGORY Affordable |
PROJECT Yas Acres | LOCATION Yas Island | CATEGORY Luxury |
PROJECT Al Jurf Gardens | LOCATION Al Jurf | CATEGORY Luxury |
In Q3 2021, Noya in Yas Island has been the favourite project for investors keen on buying off-plan affordable houses in Abu Dhabi. The average cost of off-plan villas in Noya is AED 2.3M. Following Noya, Al Ghadeer Phase II has been the second most sought-after project for buying budget off-plan villas in Abu Dhabi averaging at AED 1.3M.
Abu Dhabi’s luxury market for off-plan houses has also garnered equal traction from buyers. The most popular project for buying luxury off-plan villas in Abu Dhabi has been Yas Acres. The cost of houses for sale in Yas Acres has averaged at AED 4.4M. Additionally, investors have been inclined towards Al Jurf Gardens in Al Jurf when it comes to purchasing off-plan houses in Abu Dhabi.
Please note that some of the off-plan areas listed above may have more than one project or phase, some of which may have been completed and handed over.
Commenting on the trends in the capital city’s real estate market, Haider Ali Khan, the CEO of Bayut & dubizzle and Head of EMPG MENA, said:
“Over the last few years, and especially during the pandemic Abu Dhabi has really established itself as one of the most family friendly, safe and stable cities to live in the world. Now that the city is once again open to people from within the country and abroad, it’s not surprising to see prices appreciating in both the rental and sales markets in the capital.
Besides the restriction-free mobility within and outside the borders of Abu Dhabi, there have been many reasons contributing to the upward price movements in the capital’s real estate market. The boom in the luxury segment in particular has remained consistent with consumers’ growing preference for larger, more private homes.
Additionally, Abu Dhabi’s recent announcement to grant UAE golden visas to real estate investors has also added to the growing appeal of the capital’s real estate sector for both global and expat investors. We have noticed a steady interest in the Abu Dhabi property market from buyers and tenants with close to 3.5 Million sessions in the last quarter alone.”
That brings an end to our Abu Dhabi sale Q3 2021 property market report. The market has continued to flourish into the third quarter of 2021, catering to a healthy demand for houses for investors.
Similar to Abu Dhabi, Dubai’s property market has boomed in the last quarter. Learn about the sales trends of Dubai in Q3 2021 or analyse Dubai’s rental trends through our in-depth Q3 2021 market report for rent in Dubai.
Disclaimer: The above report is based on prices advertised on Bayut.com and dubizzle.com by real estate agencies on behalf of their clients. These prices are not representative of actual real estate transactions conducted in Abu Dhabi.
