The Abu Dhabi Real Estate Center revealed that foreign direct investment in the emirate’s real estate market recorded exceptional growth of 225% during the first half of 2024 compared to the same period in 2023. Abu Dhabi attracted real estate investments worth AED 3.28 billion during the first half of this year, contributed by 971 individual investors from more than 75 countries, including the United States, the United Kingdom, China, Kazakhstan and Russia.
This diversity of investors indicates the distinctiveness and attractiveness of the investment environment in Abu Dhabi, which enhances investor confidence in the emirate’s real estate market. Rashid Al Omaira, Acting General Manager of the Abu Dhabi Real Estate Center, said: “The strong performance of the real estate sector in Abu Dhabi reflects the success of the strategic initiatives implemented by the Abu Dhabi Real Estate Center to consolidate the emirate’s position as a leading global investment destination.”
We expect this positive performance to continue during the second half of the year, supported by our ongoing efforts to enhance the investment environment. He added: Foreign direct investment plays a crucial role in Abu Dhabi’s vision for economic diversification, and our focus is on fostering a business-friendly environment characterised by innovation, transparency and efficiency.
It is worth noting that the first half of 2024 recorded 12,439 real estate transactions worth AED 36.2 billion, including AED 23.7 billion for buying and selling through 7,088 transactions, and AED 12.5 billion for mortgages through 5,351 transactions.