August 14, 2023
The latest preliminary estimates of Abu Dhabi’s real GDP stood at AED 276 Bn, down 0.6% quarterly and 3.9% higher than the same period last year. The city’s hydrocarbon economy contributed 47.2% of the Emirate’s GDP, equivalent to more than AED 130 Bn, while the real estate component of its non-oil economy had a minority share of 3.4% amounting to above AED 9 Bn.
June 9, 2023
Coming from a strong fourth quarter in 2022, transactions during the first quarter 2023 were expected to be slightly influenced by the holy month of Ramadan which began during the third week of March. These quiet period when investors in the residential property market is likely take a break from big spends, reflected in a lower quarterly transactional activity.
