In the first half of 2024, Abu Dhabi’s real estate sector experienced a remarkable 225% surge in foreign direct investment (FDI), underscoring its growing appeal as a global investment hub. During this period, the emirate attracted AED 3.28 billion in real estate investments, with 971 individual investors from 75 different countries contributing to this growth.
The first half of 2024 has proven to be a milestone for Abu Dhabi’s real estate market, which witnessed a 225% increase in foreign direct investment compared to the same period in 2023. The Abu Dhabi Real Estate Centre (ADREC) reports that the emirate’s real estate sector secured AED 3.28 billion in investments from a diverse group of 971 investors spanning 75 countries. Investors from the United States, United Kingdom, China, Kazakhstan, and Russia were particularly active in the market, contributing significantly to this substantial growth.
The impressive performance of Abu Dhabi’s real estate sector is a testament to the strategic initiatives undertaken to position the emirate as a premier global investment destination.
According to Rashed Al Omaira, Acting Director General of ADREC, the strong performance in H1 2024 is expected to continue into the latter half of the year. He emphasized the emirate’s ongoing efforts to enhance the investment environment through innovation, transparency, and efficiency. These efforts include streamlining procedures and leveraging advanced technologies to ensure Abu Dhabi remains an attractive option for global investors.
Abu Dhabi’s real estate market recorded 12,439 transactions valued at AED 36.2 billion in the first half of 2024. This activity included AED 23.7 billion generated from 7,088 sales and purchase transactions, along with AED 12.5 billion from 5,351 mortgage transactions.
The consistent growth in transaction volume reflects the emirate’s commitment to creating a business-friendly environment that supports sustained economic diversification.
