Rental and sale prices in Abu Dhabi grew strongly in 2024, driven by tight supply and intense competition in the property market, according to a market survey.
Residential rents grew 20 percent in 2024, while sales prices climbed by 11 percent, according to real estate consultancy Cushman & Wakefield Core.
Prices for homes in Khalifa City grew 30 percent, which Cushman and Wakefield Core said reflected the growing appeal of suburban communities in the emirate.
In 2025, 8,500 new homes are scheduled for delivery in Abu Dhabi, which is almost triple the 2024 figure but unlikely to be enough to slow the price gains.
“Supply struggled to keep up with demand in 2024, driving sharp price increases,” said Prathyusha Gurrapu, head of research and consultancy at Cushman and Wakefield Core, in a press release. “While new supply in 2025 is expected to help, demand remains high, putting continued pressure on rents and sales prices.”
Transactions also increased by 54 percent in 2024, with buyers favouring homes that were ready to move into.
Prime office space occupancy hit 95 percent, while Abu Dhabi’s citywide average sat at 89 percent. One-quarter of all office space enquiries were driven by the banking and finance sector.
“The city’s push for economic diversification – particularly in finance and technology – along with major infrastructure upgrades and strategic government initiatives, will keep attracting residents, businesses, and investors,” said Garrapu.