The Abu Dhabi real estate sector is riding high on growth. A stupendous 225% increase in foreign direct investments made during the first half of 2024, against the comparative period in 2023, has powered that trajectory. This meteoric rise reflects a growing appeal for the emirate as a global investment hub, ADREC explained.
In the Emirate of Abu Dhabi during first half 2024 alone, as much as AED3.28 billion in real estate investments attracted as many as 971 individual investors, representing 75 countries. The list of key investors includes powerful countries like the United States, theUnited Kingdom, China, Kazakhstan, and Russia—all adding up to officially recognize Abu Dhabi globally.
Rashed Al Omaira, Acting Director General of ADREC, attributed this sterling performance to the programmes and initiatives that strategically positioned Abu Dhabi as a global investment destination.He expressed confidence in carrying the upbeat momentum forward for the rest of the year, driven by a continuous slew of efforts focused on further improving the investment climate and ease of doing business.
Q2 2024 saw quite a strong transaction activity in the Abu Dhabi Real Estate Market, as reflected by 12,439 transactions with an overall value of AED36.2 billion, comprising AED23.7 billion that emanated from sales and purchases and AED12.5 billion from mortgage transactions, which evidences a very vibrant and dynamic market.
Indeed, Abu Dhabi has managed to attract significant foreign direct investment owing to its commitment towards establishing a favorable business environment of innovative, transparent, and efficient entrepreneurship. The emirate’s drive towards economic diversification and the commitment to using state-of-the-art technologies in all its sectors further assure it as the preferred destination for global investors.
