The real estate market in Abu Dhabi is reaching new heights as confidence rises. The most expensive property was listed in the UAE’s capital on Monday for Dh98 million. It is situated in Ohana by the Sea, a neighborhood between Abu Dhabi and Dubai, and is expected to be delivered in Q4 2025.
The 32,000 square foot, seven-bedroom beachfront home, which is listed with real estate firm Metropolitan Capital Real Estate (MCRE), would have direct access to the private beach and a 180-degree sea view from the private garden. Three living rooms, two salons, a home office, three private gardens with direct beach access, a large terrace, two maid’s rooms, a driver’s room, and a room for the guard and security guard will also be included in the luxurious mansion.
The complete collection of 45 luxury villas was sold earlier this year in less than 30 days, making it one of the fastest off-market deals in the UAE for an entire villa development. More than 80% of the villas were sold off-plan to individuals from the CIS and Europe.
Property Finder reports that 1,838 off-plan sales, or 71.4 percent of all transactions, were completed in Abu Dhabi in the second quarter of 2023 as opposed to 947 in the same quarter previous year. By reaching Dh4.7 billion as opposed to Dh2.15 billion, off-plan sales transactions in Abu Dhabi for Q2 2023 contributed to 71.9% of the total sales transactions value, up from 58.7% in Q2 2022.
The listing, according to Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate, is evidence of the strength of the Abu Dhabi real estate market given the city’s recent surge in demand for luxury homes and expectations for price growth.
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