Data issued by the Abu Dhabi Real Estate Center of the Department of Municipalities and Transport – Abu Dhabi revealed an increase in the value of foreign direct investments in the real estate sector in the Emirate of Abu Dhabi for individuals, to reach 1.81 billion dirhams during the first quarter of 2024.
The growing real estate sector in the Emirate of Abu Dhabi has continued to achieve exceptional growth in the volume of registered investments, reaching 1.81 billion dirhams, achieving exceptional growth compared to investments registered during the same period last year. The sector attracted 487 new investors from several markets, including India, Russia, Canada, the United Kingdom, Jordan, China and others.
The growing real estate market in the Emirate of Abu Dhabi attracted more individual investors during the first quarter of 2024, continuing to enhance its investment attractiveness derived from the prestigious status of Abu Dhabi as an ideal global destination for living, working and investing.
Rashid Al Amira, Acting Director General of the Abu Dhabi Real Estate Center, said: “The performance of the real estate sector in Abu Dhabi during the first three months of this year is a true reflection of the sector’s increasing ability to attract international investors. There is no doubt that the strong growth that we are witnessing today reveals positive indicators for the rest of 2024. In this context, we at the Abu Dhabi Real Estate Center confirm our readiness to provide smooth services and support all concerned parties with the best solutions and services that meet the needs of the market to ensure that the capital enjoys a world-class real estate sector.”
During the first quarter, the Center recorded real estate transactions worth 19.4 billion dirhams, which were completed through 6,070 transactions. These transactions were distributed to 12.8 billion dirhams for buying and selling transactions recorded through 3,724 transactions, and 6.6 billion dirhams for mortgage transactions through 2,328 transactions.
The exceptional results revealed by the report of the Abu Dhabi Real Estate Center of the Department of Municipalities and Transport – Abu Dhabi confirm the strong confidence of investors in the real estate sector in the capital, and the growing importance of the sector in achieving the emirate’s vision to diversify the economy.