The Abu Dhabi real estate market has witnessed a remarkable surge in foreign investment in the first quarter of 2024, with 478 individual investors from around the world pouring AED1.81 billion into the market.
According to the Abu Dhabi Real Estate Centre (ADREC), this significant influx of foreign direct investment is a testament to the growing appeal of Abu Dhabi’s property market to international investors.
The figures released by ADREC reveal that overall real estate transactions in Abu Dhabi reached AED19.4 billion in the first quarter, with 6,070 deals concluded during this period. Sales and purchases accounted for AED12.8 billion, representing 66 percent of the total volume, while mortgage transactions totalled AED6.6 billion.
Rashed Al Omaira, Acting Director General of ADREC, commented on the robust growth, stating that “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.”
This development is expected to have a positive impact on the emirate’s economic diversification strategy, further solidifying Abu Dhabi’s position as a globally competitive real estate sector.
With the real estate market showing no signs of slowing down, Abu Dhabi is poised to attract even more foreign investment in the remainder of 2024.
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