Abu Dhabi’s real estate market has recorded a remarkable 225 percent annual surge in foreign direct investment (FDI) during the first half of 2024, reflecting its position as a global investment hub.
The Abu Dhabi Real Estate Center (ADREC), the custodian and regulator of the sector in the emirate, also revealed that the FDI, which amounts to AED3.28 billion ($893 million), came from 971 individual investors across 75 countries including the United States, the United Kingdom, China, Kazakhstan and Russia, underscoring the growing investor confidence in Abu Dhabi’s real estate market.
“The strong performance of Abu Dhabi’s real estate sector reflects the strategic initiatives we have implemented to position the emirate as a premier global investment destination,” stated Rashed Al Omaira, acting director general, ADREC.
Al Omaira added that the center expects the positive performance to continue into the second half of the year, bolstered by ADREC’s dedicated efforts to enhance the investment environment.
“Our commitment to excellence ensures that Abu Dhabi remains a trusted and attractive option for global investors,” he added.
FDI plays a critical role in diversifying Abu Dhabi and the UAE’s economy. Therefore, the emirate aims to create a business-friendly environment that fosters innovation, transparency and efficiency.
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“We are dedicated to streamlining procedures and utilizing advanced technologies to make Abu Dhabi an optimal destination for investments,” added Al Omaira.
During the first half of 2024, Abu Dhabi recorded 12,439 real estate transaction activities with a value of AED36.2 billion. The transactions include AED23.7 billion from sales and purchase transactions across 7,088 transactions and AED12.5 billion from mortgage transactions across 5,351 transactions.
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