Abu Dhabi Real Estate Centre (ADREC) recently reported a remarkable surge in foreign direct investment (FDI) within the emirate’s real estate sector.
A notable increase in foreign direct investment (FDI) in the emirate’s real estate market was recently reported by the Abu Dhabi Real Estate Centre (ADREC). When compared to the same period in 2023, Abu Dhabi had a remarkable 225% rise in foreign direct investment during the first half of 2024.
International investors invested a total of AED 3.28 billion, or approximately $893 million, into Abu Dhabi’s real estate market. This large investment is evidence of the emirate’s improving economic stability and investment environment.
971 individual investors from 75 different countries contributed to this rise in worldwide participation. Unexpectedly, investors came from a variety of countries, such as China, Kazakhstan, Russia, the United States, and the United Kingdom. This highlights why Abu Dhabi is a top worldwide investment location.
Acting Director General of ADREC Rashed Al Omaira commended strategic actions taken to establish Abu Dhabi as an attractive investment destination for this achievement. An atmosphere that is friendly to international investment has been created by the emirate’s commitment to quality, creativity, transparency, and efficiency.
In the first half of 2024, 12,439 transaction activities were recorded, with a remarkable value of AED 36.2 billion. These deals, which included mortgages, sales, and purchases, showed the growing real estate market.
According to ADREC, this strong start should carry over into the second half of the year. Improving the investment atmosphere and simplifying procedures will boost Abu Dhabi’s attractiveness to international investors.
In conclusion, Abu Dhabi’s real estate market continues to grow, attracting major international investment and establishing itself as an attractive option for people looking for profitable customers. The real estate market continues to be an important component of development and wealth as the emirate moves closer to economic development.
For more latest real estate news and requirements please contact us at +971 50 502 6788 or visit our official website by clicking here.
Follow us on Instagram, Facebook, YouTube, LinkedIn and X for more information.
