Bayut & dubizzle’s Abu Dhabi H1 2022 sales market report
- Affordable Apartment Sales
- Luxury Apartment Sales
- Affordable Villa Sales
- Luxury Villa Sales
- Top Off-Plan Projects
With the first half of 2022 wrapped up, it’s time to look into the Abu Dhabi sales property market to understand how the real estate prices in the capital have evolved over the course of the last six months.
As per our Abu Dhabi real estate market overview, the capital’s property sector has exhibited an uptrend in prices for apartments and villas across the affordable and luxury segments. The sales price-per-square-foot for properties in the affordable segment have increased by 1% to 14%, whilst those in the luxury segment have shown an uptick of 1% to 8% in H1 2022.
There has been an unprecedented influx of foreign investment in the Abu Dhabi real estate market, which explains the increased demand and the upward trajectory of property prices in the capital. The favourable ROIs and post-COVID stability in the market have been major catalysts for attracting businesses and high-net-worth investors from across the globe to invest in the Abu Dhabi property market.
To ensure an accurate representation, our Abu Dhabi sales market report H1 2022 compares the average sales price-per-square-foot for an area with those in H2 2021. 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 H1 2022 market report for ease of understanding.
ABU DHABI H1 SALES MARKET REPORT 2022: TOP NEIGHBOURHOODS IN ABU DHABI ACCORDING TO TRENDS ON BAYUT & DUBIZZLE
The combined data collected from Bayut & dubizzle in H1 2022 reveals that family-friendly suburbs like Al Ghadeer and Al Reef have garnered the maximum buyer interest for affordable apartments and villas in Abu Dhabi.
On the other hand, seafront communities like Al Reem Island, Yas Island and Saadiyat Island have continued to draw the attention of ‘High-Net-Worth’ (HNW) buyers with regard to upscale properties.
When it comes to the off-plan properties, investors have focused their searches on residential projects in Yas Island and Masdar City.
Let’s now take a more in-depth look at the Abu Dhabi sales market report for H1 2022.
AL GHADEER IS THE MOST POPULAR AREA FOR AFFORDABLE APARTMENTS IN ABU DHABI
H1 2022 PROPERTY PRICES IN ABU DHABI TO BUY AFFORDABLE FLATS
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021 | STUDIOS | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Al Ghadeer | ROI 7.17% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIOS
| 1-BED
| 2-BED
|
| Al Reef | ROI 6.89% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIOS
| 1-BED
| 2-BED
|
| Masdar City | ROI 7.29% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIOS
| 1-BED
| 2-BED
|
| Baniyas | ROI 4.99% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| STUDIOS
| 1-BED
| 2-BED
|
As per the trends observed at Bayut & dubizzle, Al Ghadeer has been the most searched area to buy affordable apartments in Abu Dhabi in H1 2022. The area offers lifestyle conveniences and easy access to Dubai which contributes to its popularity.
The average price-per-square-foot of apartments in Al Ghadeer has been quite competitive at AED 711, following a slight increase of 0.20% from H2 2021. When to it comes to individual apartments, studios for sale in Al Ghadeer have averaged at AED 344k. The sales prices of 1 and 2-bed apartments in Al Ghadeer have averaged at AED 498k and AED 688k, respectively.
The family-friendly area of Al Reef has emerged as the second-most popular area for buying affordable apartments in Abu Dhabi. The price-per-square-foot of apartments in Al Reef has averaged at AED 760, after an increase of 14% from H2 2021, owing to increased demand in the area.
Studios for sale in Al Reef have averaged at AED 450k, with prices for 1 and 2-bed apartments in Al Reef standing at AED 625k and AED 765k, respectively.
The eco-friendly Masdar City district has also managed to attract investors looking for affordable apartments in the capital. The price-per-square-foot of apartments for sale in Masdar City has averaged at AED 1,248, appreciating by 2.94% since H2 2021. As for the prices of individual units, studios for sale in Masdar City have averaged at AED 538k, whereas 1 and 2-bed apartments have been available for AED 762k and AED 1.16M, respectively.
The urban neighbourhood of Baniyas has also gained traction among small ticket investors. The price-per-square-foot of apartments for sale in Baniyas has averaged at AED 748, appreciating slightly by 0.69%. The average sales price of studios in Baniyas has averaged at AED 471k, with 1 and 2-bed apartments priced at AED 625k and AED 1M on average, in H1 2022.
MASDAR CITY OFFERS THE BEST RENTAL YIELDS IN ABU DHABI FOR AFFORDABLE APARTMENTS
Investors looking for affordable apartments with the highest rental yields can opt for Masdar City, which has offered projected rental returns averaging at 7.29%.
Other areas with good projected rental yields include Al Ghadeer, which offers an ROI of 7.17%, and Al Reef where the expected return-on-investment is 6.89%.
Please note: All returns-on-investment are calculated based on the projected rental yields in an area. These numbers may differ based on property type, size, location, sub community and available amenities in the project.
AL REEM ISLAND GARNERS THE MOST INTEREST FOR LUXURY APARTMENT SALES IN ABU DHABI
MOST POPULAR AREAS TO BUY LUXURY APARTMENTS: ABU DHABI H1 SALES PROPERTY MARKET REPORT 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021 | 1-BED | 2-BED | 3-BED |
|---|---|---|---|---|---|
| Al Reem Island | ROI 6.68% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
|
| Yas Island | ROI 6.58% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
|
| Al Raha Beach | ROI 6.05% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
|
| Saadiyat Island | ROI 5.32% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 1-BED
| 2-BED
| 3-BED
|
In H1 2022, investors have been largely inclined toward waterfront communities to buy luxury apartments in Abu Dhabi. With an average price-per-square-foot of AED 1,004, Al Reem Island has been the most searched-for area for the sale of upscale apartments in the capital city. The average sales price of flats in Al Reem Island has appreciated by 1.07%, compared to H2 2021.
When it comes to the sales prices of individual units, 1-bed apartments in Al Reem Island have averaged at AED 816k, whereas the average price of 2-bed flats in Al Reem Island have been recorded at AED 1.2M. Buyers interested in spacious units have paid an average of AED 1.9M to buy 3-bed flats on Al Reem Island.
Yas Island has also been a buyer’s hotspot during the first half of 2022. The area is brimming with many exciting attractions, so its popularity doesn’t come as a surprise. The average price-per-square-foot of apartments for sale in Yas Island has increased by 2.89% to stand at AED 1,275 in H1 2022. 1-bed flats for sale in Yas Island have averaged at AED 1M, whereas 2 and 3-bed apartments in the area can be secured for AED 1.5M and AED 2.2M respectively.
The third entry on our list is the stunning Al Raha Beach community. Abu Dhabi’s waterfront paradise has been constantly garnering attention given its upscale location and premium lifestyle amenities.
The average price-per-square-foot of apartments in Al Raha Beach has appreciated by 2.77%, to stand at AED 1,218 in H1 2022.
The average cost of buying 1-bed apartments in Al Raha Beach has averaged at AED 1.1M, whereas 2-bed flats for sale in Al Raha Beach have been available for AED 1.6M. Prospective investors interested in larger units have paid AED 2.6M on average for 3-bed flats for sale in Al Raha Beach in the first half of 2022.
Apart from these areas, Saadiyat Island has retained its standing as one of the most popular communities to buy upscale flats in Abu Dhabi. The area has recorded an uptick of 7% in the average price-per-square-foot, which now stands at AED 1,610.
The sales price of 1-bed flats in Saadiyat Island has averaged at AED 2.1M, with the cost of buying 2-bed apartments in Saadiyat Island standing at AED 2.9M on average. The 3-bed sale flats in the community have sold for AED 4.8M on average, during the first six months of 2022.
AL REEM ISLAND OFFERS THE BEST ROI IN ABU DHABI FOR LUXURY APARTMENTS
Al Reem Island, with its projected ROI of 6.68%, has been the most investor-friendly area for luxury flats in H1 2022. Yas Island comes in second with an impressive ROI of 6.58%. Other areas that have offered excellent rental yields during the reporting term include Al Raha Beach and Saadiyat Island, with projected ROIs of more than 5%.
- 3 BEDS
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- 5 BATHS
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- 2163 SQFT
- 2 BEDS
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- 3 BATHS
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- 2018 SQFT
- 1 BED
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- 2 BATHS
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- 1708 SQFT
- 3 BEDS
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- 5 BATHS
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- 1955 SQFT
- STUDIO
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- 1 BATH
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- 377 SQFT
- 2 BEDS
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- 3 BATHS
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- 1552 SQFT
AL REEF IS THE FIRST 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 H2 2021 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| Al Reef | ROI 6.18% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
|
| Khalifa City A | ROI 4.71% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
|
| Hydra Village | ROI 6.80% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Ghadeer | ROI 5.94% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
|
| Mohammed Bin Zayed City | ROI 5.46% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 3-BED
| 4-BED
| 5-BED
|
As per the trends analysed by Bayut & dubizzle in H1 2022, Al Reef has emerged as the most popular area for buying affordable villas in Abu Dhabi. Nestled on the outskirts of Abu Dhabi, the area offers peaceful living in the city.
The price-per-square-foot for sale of villas in Al Reef has averaged at AED 693, after appreciating by 1.23%. If we look at the prices of individual units, 3-bed villas for sale in Al Reef have averaged at AED 1.5M, whereas 4 and 5-bed houses have stood at AED 2.2M and AED 2.4M, respectively.
Another area that has been popular with budget-conscious buyers in H1 2022 is Khalifa City A. The price-per-square-foot for houses in Khalifa City has averaged at AED 679, after a dip of 4.35% from H2 2021. The sales price of 3-bed villas in Khalifa City A has averaged at AED 4.2M, whereas 4-bed houses for sale in Khalifa City A have been available for AED 4.9M in H1 2022. The 5-bed houses in Khalifa City A have been priced at AED 6.4M on average.
Other areas that have been popular with buyers include Hydra Village, Al Ghadeer and Mohammed Bin Zayed City.
HYDRA VILLAGE OFFERS THE HIGHEST ROI IN ABU DHABI FOR AFFORDABLE VILLAS
Hydra Village has offered the highest projected rental yield of 6.80% for affordable villa sales in Abu Dhabi. Following closely in second place is Al Reef, which recorded an impressive ROI of 6.18% based on rental income.
Other areas that have offered promising return-on-investments during the half-yearly term include Al Ghadeer and Mohammed Bin Zayed City, each offering ROIs of more than 5%.
SAADIYAT ISLAND IS THE MOST POPULAR CHOICE TO BUY LUXURY VILLAS IN ABU DHABI
PROPERTY PRICES FOR LUXURY VILLAS: ABU DHABI H1 SALES PROPERTY MARKET REPORT 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021 | 4-BED | 5-BED | 6-BED |
|---|---|---|---|---|---|
| Saadiyat Island | ROI 4.59% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 4-BED
| 5-BED
| 6-BED
|
| Yas Island | ROI 5.08% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 4-BED
| 5-BED
| 6-BED
|
| Al Raha Gardens | ROI 5.96% | PRICE PER SQ.FT Avg. Price/sq.ftChange from H2 2021
| 4-BED
| 5-BED
| 6-BED
|
In H1 2022, Saadiyat Island has been the top choice of investors looking for luxury villas in Abu Dhabi. The average sales price-per-square-foot for villas in Saadiyat Island has been AED 1,554, increasing by 7.87% in H1 2022. The average cost of 4-bed villas in Saadiyat Island has stood at AED 7.65M, whereas 5 and 6-bed villas have respectively sold for AED 15.3M and AED 17M on average.
Another waterfront area that has retained investors’ interest during the first six months in Abu Dhabi is Yas Island. The average sales price-per-square-foot of houses for sale in Yas Island has averaged at AED 1,147, after a moderate uptick of 3.10%. The sales price of 4-bed villas in Yas Island has averaged at AED 5.8M. The larger 5 and 6-bed villas in the community have averaged at AED 6.3M and AED 10.2M in H1 2022.
Aside from the aforementioned communities, home buyers have been inclined towards the luxury villas in Al Raha Gardens. The average price-per-square-foot for houses in Al Raha Gardens has dropped marginally by 0.49%, averaging at AED 809 in H1 2022. The cost of 4-bed houses in Al Raha Gardens has averaged at AED 2.87M, whereas 5-bed villas have been priced at AED 4.2M.
AL RAHA GARDENS HAS THE HIGHEST RENTAL RETURNS FOR LUXURY VILLAS IN ABU DHABI
With an impressive ROI of 5.96%, Al Raha Gardens has been the most investor-friendly area for buy-to-let luxury villas in Abu Dhabi. Other areas that yielded good rental returns of more than 4.5% in H1 2022 include Yas Island and Saadiyat Island.
- 3 BEDS
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- 4 BATHS
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- 1873 SQFT
- 4 BEDS
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- 6 BATHS
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- 6771 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 The Gate | LOCATION Masdar City | CATEGORY Affordable |
PROJECT Al Ghadeer Phase II | LOCATION Al Ghadeer | CATEGORY Affordable |
PROJECT Water’s Edge | LOCATION Yas Island | CATEGORY Luxury |
PROJECT Al Mahra Residence | LOCATION Masdar City | CATEGORY Luxury |
PROJECT Al Maryah Vista 2 | LOCATION Al Maryah Island | CATEGORY Luxury |
Abu Dhabi’s off-plan market is also gaining momentum, with investors having an array of residential projects to choose from. In H1 2022, Diva in Yas Island has been the most popular off-plan project among investors looking to buy affordable apartments in Abu Dhabi. The average cost of apartments in Diva has been AED 885k. Aside from Diva, buyers have gravitated towards other off-plan apartment projects like The Gate and Al Ghadeer Phase II.
On the luxury front, Water’s Edge in Yas Island has been the most searched-for project to purchase off-plan apartments in Abu Dhabi. The sales price of Water’s Edge has averaged at AED 1.1M. In addition, investors have directed their focus to Al Maryah Vista in Al Maryah Island and Al Mahra Residence in Masdar City.
TOP OFF-PLAN VILLA PROJECTS IN ABU DHABI
PROJECT | LOCATION | CATEGORY |
|---|---|---|
PROJECT Noya | LOCATION Yas Island | CATEGORY Affordable |
PROJECT Al Jurf Gardens | LOCATION Al Jurf | CATEGORY Affordable |
PROJECT Yas Acres | LOCATION Yas Island | CATEGORY Luxury |
PROJECT Saadiyat Reserve | LOCATION Saadiyat Island | CATEGORY Luxury |
PROJECT Zone 18 | LOCATION Mohammed Bin Zayed City | CATEGORY Luxury |
When it comes to villas, Noya in Yas Island has been the most sought-after area to buy reasonably-priced off-plan houses in Abu Dhabi. The cost of villas in Noya has averaged at AED 2.4M. Al Jurf Gardens is another area that has gained traction among investors looking for affordable off-plan villas in H1 2022.
Investors searching for high-end villas in Abu Dhabi have shown the most interest in Yas Acres. The average cost of houses in Yas Acres has been AED 5.8M. In addition to Yas Acres, Saadiyat Reserve in Saadiyat Island and Zone 18 in Mohammed Bin Zayed City have all appealed to investors.
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 wraps up our H1 2022 Abu Dhabi sales market report. In addition to the sales report, we have rolled out the Abu Dhabi H1 2022 rental market report to offer you an insight into the rent trends observed by our team at Bayut & dubizzle.
If you want to know how property prices in Dubai have fared during the last six months, have a read of our Dubai H1 2022 sales market report.
For more insights into the UAE’s property market, stay tuned to MyBayut.
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.
