The Abu Dhabi real estate market saw record foreign investment in 2024, reflecting strong investor confidence and economic growth.
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Abu Dhabi’s real estate market has reached new heights in 2024, attracting a record amount of foreign investment in the first quarter.
This significant surge illustrates the strong investor confidence in Abu Dhabi real estate.
As the Abu Dhabi Real Estate Centre (ADREC) reported, it underscores its growing importance in the emirate’s economic diversification strategy.
Surge in Foreign Direct Investment
The Abu Dhabi Real Estate Centre (ADREC) has announced a remarkable increase in foreign direct investment (FDI) into Abu Dhabi’s property market for the first quarter of 2024.
Between January and March, 178 individual investors from various countries, including India, Russia, Canada, the UK, Jordan, and China, injected AED 1.81 billion into the market.
This influx marks a significant rise compared to last year, highlighting Abu Dhabi’s growing appeal to international investors.
Strong Market Performance
Overall, real estate transactions in Abu Dhabi reached an impressive AED 19.4 billion in the first quarter, spanning 6,070 deals.
This figure reflects a robust and vibrant market, with sales and purchases accounting for AED 12.8 billion across 3,724 transactions, representing 66 percent of the total volume.
Mortgage transactions contributed AED 6.6 billion through 2,328 deals, showcasing a balanced and thriving real estate sector.
| Transaction Type | Value (AED) | Number of Deals |
|---|---|---|
| Sales and Purchases | 12.8 billion | 3,724 |
| Mortgages | 6.6 billion | 2,328 |
| Total | 19.4 billion | 6,070 |
Expert Insights
Rashed Al Omaira, Acting Director General of the Abu Dhabi Real Estate Centre, emphasized the significance of these achievements.
“The performance of Abu Dhabi’s real estate market in the first three months of the year underscores the sector’s increasing appeal to international investors. The robust growth on the show offers encouraging signs for the remainder of 2024. ADREC stands ready to provide seamless services and support to all stakeholders connected to Abu Dhabi’s globally competitive real estate sector,” Al Omaira stated.
Conclusion
The substantial increase in foreign investment and the overall positive market performance highlight Abu Dhabi’s attractiveness as a prime destination for real estate investment.
The sector’s growth reflects investor confidence and plays a crucial role in the emirate’s broader economic diversification efforts.
With ADREC’s support, Abu Dhabi’s real estate market is poised to continue its upward trajectory, offering a promising outlook for the remainder of the year and beyond.
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