Bayut & dubizzle’s Abu Dhabi sales market report for Q3 2022
- Top Neighbourhoods
- Affordable Apartment Sales
- Luxury Apartment Sales
- Affordable Villa Sales
- Luxury Villa Sales
- Off-Plan Projects
With the third quarter of this year wrapped up, it’s time to evaluate the performance of the Abu Dhabi real estate market for Q3 2022. To offer you a better understanding of consumer behaviour, our Abu Dhabi sales market report Q3 2022 compares the average sales price-per-square-foot recorded in the past three months with those observed in Q2 2022.
As per Bayut & dubizzle’s Abu Dhabi sales property market report Q3 2022, prices generally increased across both the luxury and affordable segments:
- The average price-per-square-foot for reasonably-priced properties generally increased by up to 3%.
- Properties in upscale areas mostly reported surges of up to 7%.
We have segmented popular areas into ‘Affordable’ and ‘Luxury’ sections to offer you a more tailored view of the sales trends.
TOP NEIGHBOURHOODS IN ABU DHABI ACCORDING TO TRENDS ON BAYUT & DUBIZZLE
There has been an influx of foreign investments in Abu Dhabi which could be the reason for the high demand and increased property prices in the city. The favourable ROIs and the market’s economic stability could have played a major role in spurring the interest of investors from all over the world to buy properties in the emirate.
As per our Abu Dhabi sales property market report for Q3 2022, investors preferred the following areas for affordable properties:
- Al Reef
- Al Ghadeer
- Hydra Village
- Khalifa City A
On the other hand, areas that appealed most to High-Net-Worth (HNW) buyers for upscale properties included:
- Al Reem Island
- Al Raha Beach
- Saadiyat Island
- Yas Island
For more detailed insights into the capital’s real estate sector, let’s now take an in-depth look at the Abu Dhabi Q3 2022 sale property market report.
AL REEF IS THE MOST POPULAR AREA FOR AFFORDABLE APARTMENTS: ABU DHABI SALES MARKET REPORT Q3 2022
Q3 2022 PROPERTY PRICES IN ABU DHABI TO BUY AFFORDABLE FLATS
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022 | STUDIO | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Al Reef | ROI 7.75% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| STUDIO
| 1-BED
| 2-BED
|
| Al Ghadeer | ROI 6.97% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| STUDIO
| 1-BED
| 2-BED
|
| Baniyas | ROI 4.69% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| STUDIO
| 1-BED
| 2-BED
|
| Masdar City | ROI 6.98% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| STUDIO
| 1-BED
| 2-BED
|
As per the collective data accumulated by Bayut & dubizzle for Q3 2022, Al Reef emerged as the top choice for buying affordable apartments in Abu Dhabi:
- The average price-per-square-foot for apartments in Al Reef declined by 1.75% to average at AED 678 in Q3 2022.
- The cost of studios in Al Reef averages at AED 464k, whereas prospective investors can buy 1 and 2-bed apartments for AED 601k and AED 770k, respectively.
Al Ghadeer continued to be another searched-for area to buy reasonably-priced flats in Abu Dhabi:
- The average price-per-square-foot for apartments in Al Ghadeer stood at AED 706 in Q3 2022, following a 1.33% decrease from Q2 2022.
- Investors were looking at average prices of AED 367k for studios, AED 498k for 1-beds and AED 711k for 2-bed apartments in Al Ghadeer.
Potential investors and homeowners also expressed their interest in Baniyas:
- The price-per-square-foot for apartments in Baniyas averaged at AED 747 in Q3 2022, after increasing by 0.42%.
- The average cost of studios in Baniyas was AED 497k, whereas 1 and 2-bed apartments were priced at AED 648k and AED 1.1M, respectively.
Aside from these areas, investors showed an inclination towards Masdar City. The price-per-square-foot for apartments in Masdar City averaged at AED 1,243, following a 0.15% increase from Q2 2022.
AL REEF OFFERS THE BEST RENTAL YIELDS IN ABU DHABI FOR AFFORDABLE APARTMENTS
As per the data observed on Bayut & dubizzle for Q3 2022, the following areas offered excellent ROIs for low-priced flats in Abu Dhabi:
- Apartments in Al Reef yielded the highest rental returns of 7.75%.
- Masdar City also offered an impressive ROI of 6.98%.
- Al Ghadeer recorded a projected ROI of 6.97% during Q3 2022.
AL REEM ISLAND GARNERS THE MOST INTEREST FOR LUXURY APARTMENT SALES IN ABU DHABI
MOST POPULAR AREAS TO BUY LUXURY APARTMENTS: ABU DHABI SALES MARKET REPORT Q3 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022 | 1-BED | 2-BED | 3-BED |
|---|---|---|---|---|---|
| Al Reem Island | ROI 6.48% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 1-BED
| 2-BED
| 3-BED
|
| Al Raha Beach | ROI 5.65% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 1-BED
| 2-BED
| 3-BED
|
| Yas Island | ROI 6.27% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 1-BED
| 2-BED
| 3-BED
|
| Saadiyat Island | ROI 4.35% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 1-BED
| 2-BED
| 3-BED
|
On the luxury front, Al Reem Island continued to be the top preference for investors:
- The average price-per-square-foot for luxury apartments in Al Reem Island increased by 1% to average at AED 1,024 in Q3 2022.
- Investors were looking at paying around AED 834k for 1-beds, AED 1.3M for 2-beds and AED 1.9M for 3-bed units in Al Reem Island.
High-Net-Worth (HNW) investors also gravitated towards Al Raha Beach to buy upscale apartments in Abu Dhabi:
- The average price-per-square-foot for flats in Al Raha Beach witnessed an increase of 1.22% to stand at AED 1,232 in Q3 2022.
- The cost to buy 1-bed units in Al Raha Beach was recorded at an average of AED 1.1M, whereas 2 and 3-bed apartments in the area were priced at AED 1.6M and AED 2.6M, respectively.
The waterfront community of Yas Island also emerged as a popular choice with investors in Q3 2022:
- The average price-per-square-foot for flats in Yas Island was recorded to be AED 1,282, subsequent to a 0.54% increase from Q2 2022.
- The cost of sale apartments in Yas Island averages at AED 1M for 1-bed, AED 1.5M for 2-bed and AED 1.9M for 3-bed apartments.
Aside from the aforementioned areas, Saadiyat Island also captured the attention of investors. The average price-per-square-foot for apartments in Saadiyat Island increased by 6.04% to stand at AED 1,741 in Q3 2022.
AL REEM ISLAND OFFERS THE BEST ROI IN ABU DHABI FOR LUXURY APARTMENTS
As per our data, here are some of the areas that offered healthy projected rental yields for luxury apartments in Abu Dhabi:
- Offering 6.48% projected rental yields, Al Reem Island offered the highest ROI for high-end apartments in Abu Dhabi.
- The ROI for apartments in Yas Island averaged at 6.27%.
- Homes in Al Raha Beach yielded an average ROI of 5.65%.
- 3 BEDS
- |
- 4 BATHS
- |
- 1735 SQFT
- 2 BEDS
- |
- 3 BATHS
- |
- 1552 SQFT
AL REEF IS THE FIRST CHOICE FOR BUYING AFFORDABLE VILLAS: ABU DHABI SALES MARKET REPORT Q3 2022
ABU DHABI PROPERTY PRICES FOR BUYING AFFORDABLE VILLAS
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| Al Reef | ROI 6.18% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 3-BED
| 4-BED
| 5-BED
|
| Hydra Village | ROI 6.64% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 3-BED
| 4-BED
| 5-BED
|
| Khalifa City A | ROI 4.48% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 3-BED
| 4-BED
| 5-BED
|
| Al Ghadeer | ROI 6.20% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 3-BED
| 4-BED
| 5-BED
|
| Mohammed Bin Zayed City | ROI 6.29% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 3-BED
| 4-BED
| 5-BED
|
As per Abu Dhabi Q3 sales real estate market report 2022, Al Reef remained a popular choice for investors interested in buying affordable villas in Abu Dhabi:
- The average price-per-square-foot for villas in Al Reef increased by 0.48% to stand at AED 708 in Q3 2022.
- The 3-bed homes in Al Reef cost around AED 1.6M, whereas 4 and 5-bed villas were available for averages of AED 2.2M and AED 2.5M, respectively.
Budget-conscious investors also focused their searches on Hydra Village to buy reasonably-priced villas in Abu Dhabi during Q3 2022:
- The price-per-square-foot for villas in Hydra Village averaged at AED 502, following a 1.11% increase from Q2 2022.
- In Q3 2022, 3-bed houses for sale in Hydra Village were priced at AED 952k on average.
The family-friendly suburb of Khalifa City A also continued to gain traction among villa buyers in Abu Dhabi:
- Khalifa City A experienced a 0.03% decline in its average price-per-square-foot for villas, standing at AED 678 in Q3 2022.
- 4 and 5-bedroom villas in Khalifa City A cost around AED 5.3M and AED 6.4M in the third quarter of 2022.
Other areas that garnered interest from investors for affordable villas included:
- Al Ghadeer
- Mohammed Bin Zayed City
The average price-per-square-foot for villas in Al Ghadeer increased by 2.25%, whereas homes in Mohammed Bin Zayed City witnessed a 5.14% decline in their average price-per-square-foot.
HYDRA VILLAGE OFFERS THE HIGHEST ROI IN ABU DHABI FOR AFFORDABLE VILLAS
Here are the areas that offered healthy rental yields for affordable buy-to-let villas in Abu Dhabi:
- The villas in Hydra Village offered the highest ROI of 6.64%.
- Homes in Mohammed Bin Zayed City also recorded an impressive ROI of 6.29%.
- Al Ghadeer offered projected rental yields of 6.20%.
SAADIYAT ISLAND IS THE MOST POPULAR CHOICE TO BUY LUXURY VILLAS IN ABU DHABI
PROPERTY PRICES FOR LUXURY VILLAS: ABU DHABI Q3 SALES MARKET REPORT Q3 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022 | 4-BED | 5-BED | 6-BED |
|---|---|---|---|---|---|
| Saadiyat Island | ROI 4.59% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 4-BED
| 5-BED
| 6-BED
|
| Yas Island | ROI 5.22% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 4-BED
| 5-BED
| 6-BED
|
| Al Raha Gardens | ROI 6.13% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q2 2022
| 4-BED
| 5-BED
| 6-BED
|
According to the sales trends observed on Bayut and dubizzle, Saadiyat Island attracted maximum consumer interest for high-end villas in Abu Dhabi:
- The average sales price-per-square-foot for villa properties in the area increased by 4.12%, standing at AED 1,646 in Q3 2022.
- The cost to buy villas in Saadiyat Island averaged at AED 7.7M for 4-bed, AED 16.2M for 5-bed and AED 17.9M for 6-bed units.
Yas Island emerged as the second-most popular area for buying upscale villas in the emirate:
- The sales price-per-square-foot for houses in Yas Island averaged at AED 1,208, following a 6.54% increase from Q2 2022.
- The cost to buy 4-bed villas in Yas Island averaged at AED 5.9M, whereas 5 and 6-bed villas could be bought at an average price of AED 6.5M and AED 10.5M, respectively.
The community of Al Raha Gardens also gained traction among consumers and potential homeowners in Q3 2022:
- The price-per-square-foot for sale villas in Al Raha Gardens increased by 1.93% to average at AED 829 in the third quarter of 2022.
- In Q3 2022, houses in Al Raha Gardens averaged at AED 2.8M for 4-bed, AED 4.4M for 5-bed and AED 4.9M for 6-bed units.
AL RAHA GARDENS HAS THE HIGHEST RENTAL RETURNS FOR LUXURY VILLAS IN ABU DHABI
As per our market report, here are the areas that offered the best projected rental yields for high-end villas in Abu Dhabi:
- Al Raha Gardens offered the highest ROI of 6.13%.
- Houses in Yas Island recorded impressive rental yields of 5.22%.
- The ROI for villas in Saadiyat Island averaged at 4.59%.
- 4 BEDS
- |
- 8 BATHS
- |
- 5794 SQFT
- 2 BEDS
- |
- 3 BATHS
- |
- 1262 SQFT
KEY 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 Oasis Residences | LOCATION Masdar City | CATEGORY Affordable |
PROJECT Makers District | LOCATION Al Reem Island | CATEGORY Affordable |
PROJECT Yas Beach Residences | LOCATION Yas Island | CATEGORY Luxury |
PROJECT Al Mahra Residence | LOCATION Masdar City | CATEGORY Luxury |
PROJECT Shams Abu Dhabi | LOCATION Al Reem Island | CATEGORY Luxury |
Potential investors searching for off-plan apartments in Abu Dhabi showed an inclination towards the highly-anticipated projects in Yas Island, Masdar City and Al Reem Island across both the affordable and luxury segments:
- Diva emerged as the top choice for investors in Yas Island in the affordable segment.
- Budget-conscious investors also showed interest in Oasis Residences in Masdar City and Makers District in Al Reem Island to invest in off-plan apartments in the emirate.
- On the luxury front, Yas Beach Residences in Yas Island gained maximum traction among consumers.
- Investors were also keen on buying off-plan apartments in Al Mahra Residence in Masdar City and Shams Abu Dhabi in Al Reem Island.
TOP OFF-PLAN VILLA PROJECTS IN ABU DHABI
PROJECT | LOCATION | CATEGORY |
|---|---|---|
PROJECT Noya | LOCATION Yas Island | CATEGORY Affordable |
PROJECT Shams Abu Dhabi | LOCATION Al Reem Island | CATEGORY Affordable |
PROJECT Fay Alreeman | LOCATION Al Shamkha | CATEGORY Affordable |
PROJECT Yas Acres | LOCATION Yas Island | CATEGORY Luxury |
PROJECT Tamouh | LOCATION Al Reem Island | CATEGORY Luxury |
PROJECT Saadiyat Reserve | LOCATION Saadiyat Island | CATEGORY Luxury |
Those looking for off-plan villas in Abu Dhabi favoured projects in areas like Yas Island, Al Reem Island and Al Shamkha in the affordable segment:
- Noya in Yas Island was the top choice of investors.
- Buyers and home-seekers also preferred Shams Abu Dhabi in Al Reem Island and Fay Alreeman in Al Shamkha to buy reasonably-priced off-plan villas in the emirate.
High-end buyers of villas focused on projects in island communities like Yas Island, Al Reem Island and Saadiyat Island to buy upscale houses in Abu Dhabi.
- Yas Acres in Yas Island continued to grab the attention of villa buyers.
- Tamouh in Al Reem Island and Saadiyat Reserve in Saadiyat Island also remained popular in the luxury segment.
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.
That brings an end to our Abu Dhabi Q3 2022 sales property market report. If you want to know how the capital’s rental market fared during the last three months, check out our Abu Dhabi Q3 2022 market report.
We have recently rolled out quarterly reports of Dubai. Find out all about the city’s real estate trends with our Q3 2022 Dubai sales report or Bayut & dubizzle’s Dubai rental market report for Q3 2022.
For more information and updates about the real estate market of the UAE, stay tuned to MyBayut.
Disclaimer: The above report (MKT RPT Q3 2022) is based on prices for ready properties 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.
