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Abu Dhabi real estate market sees record foreign investment in Q1 2024

The Abu Dhabi Real Estate Centre (ADREC) reported a surge in foreign direct investment (FDI) with 487 individual investors injecting $482 million during Q1 2024

Abu Dhabi real estate market sees record foreign investment in Q1 2024

The Abu Dhabi Real Estate Centre (ADREC) recently reported a surge in foreign direct investment (FDI) within the real estate sector. A total of 487 individual investors contributed $482 million (AED1.81 billion) during the first quarter of 2024, marking a new record. ADREC, the custodian regulator of Abu Dhabi’s real estate market, noted a significant uptick in investments from key markets such as India, Russia, Canada, the UK, Jordan, and China. These investors displayed a notable increase in their financial commitments compared to the same period in the previous year.

“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,” mentions Rashed Al Omaira, the Acting Director General at ADREC.

According to ADREC, Abu Dhabi real estate transactions surged to AED19.4 billion in Q1 across 6,070 transactions. “AED12.8 billion was secured through sales and purchases, representing 66% of the total volume with 3,724 transactions, and AED6.6 billion mortgage transactions with 2,328 transactions,” stated Al Omaira.

According to ADREC’s latest update, investor confidence in Abu Dhabi’s real estate sector remains robust, reflecting its growing significance in the emirate’s broader economic diversification goals.