The Abu Dhabi Real Estate Center, which is responsible for regulating the real estate sector in Abu Dhabi, announced today, Wednesday, a noticeable increase in foreign direct investments in the emirate’s real estate market by 225% during the first half of 2024 compared to the same period in 2023. The center explained in a press statement that Abu Dhabi It attracted real estate investments worth AED 3.28 billion in the first half of the year, contributed by 971 individual investors from more than 75 countries, including the United States of America, the United Kingdom, China, Kazakhstan and Russia. The Center stressed that the diversity of investors reflects the distinctiveness and attractiveness of the investment environment in Abu Dhabi, which enhances investor confidence in the emirate’s real estate market
For his part, Rashid Al Amira, Acting Director General of the Abu Dhabi Real Estate Center, said that the strong performance of the real estate sector in Abu Dhabi reflects the success of the strategies implemented by the Center to enhance the emirate’s position as a leading global investment center. He expects this positive performance to continue during the second half of the year by supporting the Center’s ongoing efforts to improve… Investment environment and enhancing its commitment to excellence and making Abu Dhabi a preferred destination for global investors. Al-Omaira stressed that foreign direct investment plays an essential role in Abu Dhabi’s vision for economic diversification, noting that the center focuses on creating a distinguished business environment characterized by innovation, transparency and efficiency, while continuing to simplify procedures and use modern technologies to consolidate Abu Dhabi’s position as an ideal destination for investment.
It is also worth noting that the first half of 2024 witnessed the registration of 12,439 real estate transactions with a total value of 36.2 billion dirhams, including 23.7 billion dirhams for purchase and sale through 7,088 transactions, and 12.5 billion dirhams for mortgages through 5,351 transactions.
