Foreign direct investment into Abu Dhabi’s real estate market reached AED1.81 billion ($495 million) in the first quarter of 2024, official data shows.
Jerrymusa.com reports that Abu Dhabi’s real estate market has attracted investments from individuals primarily from India, Russia, Canada, the UK, Jordan, and China, according to the Abu Dhabi Real Estate Centre.
“The sector’s increasing appeal to international investors underscores the market’s growing attractiveness,” said Rashed Al Omaira, acting director general at Abu Dhabi Real Estate Centre.
UAE Real Estate Boost
Real estate transactions have reached a significant level, with sales and purchases accounting for the majority of the total volume.
“The robust growth on show offers encouraging signs for the remainder of 2024,” Al Omaira said.
The residential sector has seen a notable increase, driven by new launches and demand for off-plan properties.
The emirate has also benefited from the establishment of international hedge funds in the Abu Dhabi Global Market, further boosting the market’s growth.
The sector’s growth can be attributed to investments from foreign nationals and sustained demand from the local population.
“We are committed to providing seamless services and support to all stakeholders connected to Abu Dhabi’s globally competitive real estate sector,” Al Omaira said.
This trend is expected to continue, driven by the market’s increasing appeal to international investors.