Bayut & dubizzle’s Abu Dhabi Q1 2022 sales market report
- Affordable Apartment Sales
- Luxury Apartment Sales
- Affordable Villa Sales
- Luxury Villa Sales
- Top Off-Plan Projects
As we wrap up the first quarter of 2022, it’s time for our Abu Dhabi Q1 sales property market report 2022, where we provide in-depth details into the performance of the real estate market in the capital over the course of the last three months.
Our analysis of Abu Dhabi’s property market has shown that prices for villas and apartments in the luxury segment have mostly increased by 1% to 4%. However, properties in the affordable segment have been priced more competitively with listed sale prices decreasing from 1% to 8% in the first three months of 2022.
The prevailing price trends in the Abu Dhabi property sales market have revealed that buyer interest is increasing in luxury properties, particularly in well-integrated island communities like Yas Island and Saadiyat Island. This increased investor interest could be attributed to the influx of foreign investments, consequent to the success of Expo 2020. That combined with favourable mortgage rates and lucrative rental yields could be why buyers are attracted to invest in upscale buy-to-let properties in the capital.
For an accurate representation of properties for sale, our Q1 2022 market report compares the average sales price per square foot for an area with those in Q4 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 Q1 2022 market report for ease of your understanding.
ABU DHABI PROPERTY SALES MARKET REPORT Q1 2022: TOP NEIGHBOURHOODS IN ABU DHABI ACCORDING TO TRENDS ON BAYUT & DUBIZZLE
To offer you an insightful market overview, Bayut & dubizzle’s Abu Dhabi Q1 real estate report 2022 compares the property prices of Q1 2022 to those observed in Q4 2021.
According to the reported data, investors and buyers have been largely inclined towards family-friendly suburbs like Al Ghadeer and Al Reef for buying affordable apartments and villas in Abu Dhabi. Alternatively, ‘High-Net-Worth’ (HNW) buyers have shown interest in seafront communities like Al Reem Island, Yas Island and Saadiyat Island with regard to purchasing luxury properties in the UAE’s capital.
Similar to these areas, Abu Dhabi’s off-plan projects in Yas Island, Masdar City, Al Reem Island and Saadiyat Island have appealed to investors in search of lucrative developing properties in the emirate.
Now, in the following sections of the report, we provide a detailed analysis of the Abu Dhabi real estate market statistics for Q1 2022.
AL GHADEER IS THE MOST POPULAR AREA FOR AFFORDABLE APARTMENTS IN ABU DHABI
Q1 2022 PROPERTY PRICES IN ABU DHABI TO BUY AFFORDABLE FLATS
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021 | STUDIOS | 1-BED | 2-BED |
|---|---|---|---|---|---|
| Al Ghadeer | ROI 7.15% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| STUDIOS
| 1-BED
| 2-BED
|
| Al Reef | ROI 6.95% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| STUDIOS
| 1-BED
| 2-BED
|
| Masdar City | ROI 7.79% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| STUDIOS
| 1-BED
| 2-BED
|
| Baniyas | ROI 5.48% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| STUDIOS
| 1-BED
| 2-BED
|
According to the combined data released by Bayut & dubizzle in Q1 2022, Al Ghadeer has emerged as the most popular choice for buying apartments in Abu Dhabi. The area’s continued popularity among investors can be attributed to its reasonably-priced units, modern lifestyle conveniences and easy access to Dubai.
The price-per-square-foot in apartments for sale in Al Ghadeer has experienced a minimal appreciation of 0.69%, averaging at AED 716. When it comes to individual units, the studios in Al Ghadeer have averaged at AED 346k, with 1 and 2-bed units having averagely priced at AED 498k and AED 702k, respectively, in the first quarter of 2022.
The family-friendly community of Al Reef has ranked second, with the price-per-square-foot averaging at AED 754, after an increase of 10.8% from Q4 2021. This increase in sales prices of flats in Al Reef in Q1 2022 can be attributed to landlords listing their Al Reef Downtown properties at higher price points in reaction to increased demand. The cost of studios in Al Reef has averaged at AED 450k, whereas 1 and 2-bed apartments have averaged at AED 621k and AED 771k, respectively.
The next area that has garnered considerable buyer interest for affordable flats for sale in Abu Dhabi is Masdar City. The fact that the area offers sustainable urban living has made it popular with environmentally-conscious buyers and investors in Abu Dhabi.
The price-per-square-foot of apartments in Masdar City has averaged at AED 1,236, declining by 2.47% from the last quarter of 2021. The studios in Masdar City can be bought at an average of AED 529k, whereas investors can expect to pay AED 761k and AED 1.1M to purchase 1 and 2-bed apartments in the development.
In addition to Masdar City, the older suburb of Baniyas has been an investor-friendly area in Abu Dhabi. The average price-per-square-foot of apartments in Baniyas has declined marginally by 0.42% to stand at AED 740 in Q1 2022. The price of studios in Baniyas has averaged at AED 469k, followed by AED 613k for 1-bed and AED 1.1M for 2-bed apartments in Baniyas, Abu Dhabi.
MASDAR CITY OFFERS THE BEST RENTAL YIELDS IN ABU DHABI FOR AFFORDABLE APARTMENTS
Boasting impressive rental yields of 7.79%, Masdar City has been the most lucrative option for investors interested in buy-to-let affordable apartments in Abu Dhabi. Al Ghadeer stands second, with a healthy projected ROI of 7.15%. Other areas with considerably good returns on investment include Al Reef and Baniyas, with ROIs of 6.95% and 5.48%, respectively.
AL REEM ISLAND GARNERS THE MOST INTEREST FOR LUXURY APARTMENT SALES IN ABU DHABI
MOST POPULAR AREAS TO BUY LUXURY APARTMENTS: ABU DHABI Q1 SALES PROPERTY MARKET REPORT 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021 | 1-BED | 2-BED | 3-BED |
|---|---|---|---|---|---|
| Al Reem Island | ROI 6.67% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 1-BED
| 2-BED
| 3-BED
|
| Yas Island | ROI 6.64% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 1-BED
| 2-BED
| 3-BED
|
| Al Raha Beach | ROI 6.14% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 1-BED
| 2-BED
| 3-BED
|
| Saadiyat Island | ROI 5.77% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 1-BED
| 2-BED
| 3-BED
|
In Q1 2022, Abu Dhabi’s luxury segment has been thriving, with investors showing a major inclination towards waterfront communities. Al Reem Island has retained its standing as the most popular area for the sale of luxury apartments in Abu Dhabi.
The price-per-square-foot of apartments for sale in Al Reem Island has averaged at AED 1,000, increasing slightly by 0.14%. 1-bed apartments in Al Reem Island have been priced at AED 816k, whereas 2 and 3-bed flats have averaged at AED 1.2M and AED 1.9M, respectively.
Yas Island has also been quite popular with investors, with its price-per-square-foot increasing by 1.66% to average at AED 1,274 in Q1 2022. Investors can buy 1-bed apartments in Yas Island at an average price of AED 1M, whereas 2 and 3-bed units can be purchased at AED 1.5M and AED 2.2M, respectively.
The third entry in our list of the most popular places for luxury apartment sales in Abu Dhabi is the quintessential, seafront area of Al Raha Beach. The price-per-square-foot of apartments in Al Raha Beach has shown an uptick of 1.76%, coming in at AED 1,223.
When it comes to individual units, 1-bedroom flats in Al Raha Beach have averaged at AED 1.1M, whereas 2 and 3-bed flats in the community can be secured at AED 1.6M and AED 2.6M, respectively.
In addition to the aforementioned areas, the gorgeous Saadiyat Island has emerged as an investment-worthy area in Q1 2022 in Abu Dhabi. The premier location boasts stunning beaches, as well as world-class leisure and cultural facilities.
Prices for apartments in Saadiyat Island have risen moderately by approximately 3% to AED 1,560 in Q1 2022. The 1-bed flats for sale in Saadiyat Island had an average price of AED 2.1M in Q1 2022, while the average costs of 2 and 3-bed apartments have stood at AED 2.9M and AED 4.8M respectively.
AL REEM ISLAND OFFERS THE BEST ROI IN ABU DHABI FOR LUXURY APARTMENTS
In Q1 2022, Al Reem Island has offered the highest rental returns of 6.67% for luxury apartments in Abu Dhabi, followed by properties in Yas Island, which have projected rental yields of 6.64%. Similarly, Al Raha Beach and Saadiyat Island have offered promising ROIs of 6.14% and 5.77%.
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 Q4 2021 | 3-BED | 4-BED | 5-BED |
|---|---|---|---|---|---|
| Al Reef | ROI 6.12% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 3-BED
| 4-BED
| 5-BED
|
| Khalifa City A | ROI 4.77% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 3-BED
| 4-BED
| 5-BED
|
| Hydra Village | ROI 6.65% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 3-BED
| 4-BED
| 5-BED
|
| Al Ghadeer | ROI 5.83% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 3-BED
| 4-BED
| 5-BED
|
| Baniyas | ROI 3.98% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 3-BED
| 4-BED
| 5-BED
|
As per the sales trends observed by Bayut & dubizzle in Q1 2022, Al Reef has proven to be the first choice for buyers looking for affordable villas in Abu Dhabi. Located on the outskirts of Abu Dhabi, the area offers peaceful living, away from the hustle and bustle of the city.
The average price-per-square-foot for villas in Al Reef has averaged at AED 693, with a minor uptick of 1.35%. If we look at the individual units, the cost of 3-bed villas in Al Reef has averaged at AED 1.5M, whereas prices for 4-bed houses have stood at AED 2.2M. Buyers interested in Al Reef’s 5-bedroom units can expect to pay a price of AED 2.5M on average.
Another area that has continued to appeal to investors in Q1 2022 is Khalifa City A. The area’s popularity could be attributed to its proximity to Dubai and considerable lifestyle amenities.
Houses in Khalifa City A have experienced a minor decline of 0.67% in price-per-square-foot to average at AED 676 in AED Q1 2022. The sales price of 3-bed villas in Khalifa City A has averaged at AED 4.2M, whereas 4 and 5-bed houses have been valued at AED 4.3M and AED 6.6M in Q1 2022.
Aside from these two areas, Hydra Village, Al Ghadeer and Baniyas have garnered considerable buyer interest in Q1 2022. The average price-per-square-foot for these areas has decreased by a maximum of 7%.
HYDRA VILLAGE OFFERS THE HIGHEST ROI IN ABU DHABI FOR AFFORDABLE VILLAS
Hydra Village has recorded the highest projected ROI of 6.65% for affordable villas in Abu Dhabi during Q1 2022. Other areas that have shown good rental returns include Al Reef, Al Ghadeer and Khalifa City A, with each offering healthy ROIs of up to 5%.
SAADIYAT ISLAND IS THE MOST POPULAR CHOICE TO BUY LUXURY VILLAS IN ABU DHABI
PROPERTY PRICES FOR LUXURY VILLAS: ABU DHABI Q1 SALES PROPERTY MARKET REPORT 2022
POPULAR AREAS | ROI | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021 | 4-BED | 5-BED | 6-BED |
|---|---|---|---|---|---|
| Saadiyat Island | ROI 4.65% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 4-BED
| 5-BED
| 6-BED
|
| Yas Island | ROI 4.78% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 4-BED
| 5-BED
| 6-BED
|
| Al Raha Gardens | ROI 5.83% | PRICE PER SQ.FT Avg. Price/sq.ftChange from Q4 2021
| 4-BED
| 5-BED
| 6-BED
|
In Q1 2022, Saadiyat Island has been the most-searched-for area for buying high-end villas in Abu Dhabi. The average price-per-square-foot of villas in Saadiyat Island has stood at AED 1,538, after increasing by 3.77% compared to Q4 2021. When it comes to the individual units, the cost of buying 4-bed villas in Saadiyat Island has averaged at AED 7.5M, whereas 5 and 6-bed houses for sale have been priced at AED 15.1M and AED 16.3M, respectively.
The second entry in our list of the most popular areas for buying upscale villas in Abu Dhabi is Yas Island. Brimming with trendy restaurants, nightlife and entertainment destinations, Yas Island has been a hot favourite for investors in Q1 2022.
Houses in Yas Island have averaged at AED 1,163 when it comes to the price-per-square-foot, experiencing a moderate appreciation of 3.34%, compared to the last quarter of 2021. The average price of 4-bed villas in Yas Island has been AED 5.8M, whereas 5 and 6-bed villas have averaged at AED 6.5M and AED 10M, respectively.
Al Raha Gardens has been the third most popular choice among investors searching for villas for sale in Abu Dhabi. The community enjoys continued popularity due to its serene environment, lifestyle conveniences and proximity to Abu Dhabi International Airport.
Houses in Al Raha Gardens have seen a minor increase of 0.12% in price-per-square-foot, averaging at AED 812 in Q1 2022. The cost of 4-bed houses in Al Raha Gardens has averaged at AED 2.8M, whereas the 5-bed villas in Al Raha Gardens had an average price of AED 4.1M in Q1 2022.
AL RAHA GARDENS HAS THE HIGHEST RENTAL RETURNS FOR LUXURY VILLAS IN ABU DHABI
Al Raha Gardens has offered the highest ROI of 5.83% for upscale villas for sale in Abu Dhabi. On the other hand, Yas Island offers projected rental yields of 4.78%, whereas the villas on Saadiyat Island boast rental returns of 4.65%.
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 Al Mahra Residence | LOCATION Masdar City | CATEGORY Affordable |
PROJECT Al Ghadeer Phase II | LOCATION Al Ghadeer | CATEGORY Affordable |
PROJECT Yas Bay | LOCATION Yas Island | CATEGORY Luxury |
PROJECT Makers District | LOCATION Al Reem Island | CATEGORY Luxury |
PROJECT Al Maryah Vista | LOCATION Al Maryah Island | CATEGORY Luxury |
As per the data extracted for the Bayut & dubizzle Abu Dhabi Q1 sales property market report 2022, investors have been largely inclined towards Diva on Yas Island for buying cheap off-plan apartments in Abu Dhabi. The cost of apartments in Diva has averaged at AED 800k. Aside from Diva, Al Mahra Residence in Masdar City and Al Ghadeer Phase II in Al Ghadeer have also received healthy buyer interest for affordable off-plan flats in the capital city.
On the luxury front, investors have shown maximum interest in waterfront projects. As per our data, Yas Bay on Yas Island has been the most popular project for buying upscale off-plan apartments in Abu Dhabi. Besides Yas Bay, Makers District in Al Reem Island and Al Maryah Vista in Al Maryah Island have been fairly popular among investors.
TOP OFF-PLAN VILLA PROJECTS IN ABU DHABI
PROJECT | LOCATION | CATEGORY |
|---|---|---|
PROJECT Noya | LOCATION Yas Island | CATEGORY Affordable |
PROJECT Oasis Residences | LOCATION Masdar City | CATEGORY Affordable |
PROJECT Yas Acres | LOCATION Yas Island | CATEGORY Luxury |
PROJECT Saadiyat Cultural District | LOCATION Saadiyat Island | CATEGORY Luxury |
In Q1 2022, Noya in Yas Island has emerged as the most popular project for buying off-plan villas in Abu Dhabi, in the affordable segment. The average price for villas in Noya has been AED 2.4M. Oasis Residences in Masdar City has also gained traction among those looking for cheap off-plan villas for sale in Abu Dhabi. Villas in Oasis Residences have reported an average price of AED 1.9M.
When it comes to the luxury segment, Yas Acres has been the most popular choice for expensive off-plan villas in Abu Dhabi. The average cost of villas in Yas Acres has been AED 6M. Saadiyat Cultural District has also been a sought-after area for buying upscale off-plan houses in the emirate.
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, Haider Ali Khan, the CEO of Bayut & dubizzle and the Head of EMPG MENA said:
“Over the last two quarters, Abu Dhabi has scaled back on restrictions pertaining to COVID considerably, so there is a predictable surge in interest, particularly in the luxury areas. The major developer in the capital, Aldar Properties has also announced some new projects recently, fuelled by the increasing demand in the city. Within Bayut & dubizzle, traffic to the properties in the capital have also grown each quarter, with a total of over 3.5M sessions in the first three months alone.”
This brings us to the end of our Abu Dhabi Q1 sales property market report 2022. If you want to know how rent trends of Abu Dhabi have evolved within the last three months, read up on Abu Dhabi Q1 rent real estate market 2022.
For those who want to stay up-to-date with the current price trends of other emirates, our Dubai Q1 sales report 2022 offers all the latest updates and information.
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.
