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Abu Dhabi, United Arab Emirates
Abu Dhabi residential property market maintained its resilience in the third quarter of 2026 recording 6085 transactions worth 21.5 billion AED according to the latest Market in Minutes report from Savills Middle East.
While transaction volumes declined by 19% quarter on quarter and 7% year on year total sales value remained 32% above third quarter 2025 levels reflecting continued demand for higher value properties.
Off plan properties accounted for 81% of residential transactions during the quarter reinforcing their dominant position in the market. The average off plan transaction value reached 5 million AED increasing by 15% quarter on quarter and 40% year on year while the average ready property transaction stood at 2.8 million AED.
The luxury residential segment recorded renewed momentum with 582 transactions exceeding 10 million AED during the third quarter of 2026 representing a 35% quarterly increase and a 104% rise compared with the same period last year.
Off plan properties accounted for 95% of these luxury transactions. Rachael Kennerley Director of Research at Savills Middle East commented that Abu Dhabi residential market continues to demonstrate resilience even as transaction volumes moderate from levels recorded earlier this year. She highlighted a shift towards higher value purchases particularly in the off plan and luxury segments where demand remains strong adding that buyers are becoming increasingly selective with greater emphasis on location quality and long term value supported by expanding lifestyle offering infrastructure investment and growing international profile.
Residential prices recorded moderate quarterly growth with average apartment values reaching 22700 AED per square metre up 9% year on year while villa and townhouse prices averaged 18200 AED per square metre representing an annual increase of 8%. The rental market recorded 50500 transactions during the quarter up 29% from the second quarter of 2026 largely driven by renewals which accounted for 68% of rental activity while new rental rates showed mixed performance across key residential communities. Foreign buyers including resident expatriates and non resident investors accounted for 70% of residential sales value in the first half of 2026 compared with 64% in the first half of 2024. Looking ahead approximately 68000 additional residential units are projected to enter the market by 2030 concentrated across key locations including Saadiyat Island Al Reem Island Yas Island and Zayed City with Savills expecting demand to remain supported by economic fundamentals and infrastructure investment.
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