The Abu Dhabi Real Estate Centre (ADREC), the emirate’s real estate regulator, announced Friday record levels of foreign direct investment (FDI) into the emirate’s growing real estate market, with 487 individual investors injecting Dh1.81 billion in Q1 2024.
These investors from India, Russia, Canada, the United Kingdom, Jordan, and China increased their investments significantly over the same period last 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. The robust growth on show offers encouraging signs for the remainder of 2024, and ADREC stands ready to provide seamless services and support to all stakeholders connected to Abu Dhabi’s globally competitive real estate sector,” Rashed Al Omaira, Acting Director General, Abu Dhabi Real Estate Centre.
Abu Dhabi real estate transactions totaled Dh19.4 billion in the first quarter, with 6,070 transactions completed. Dh12.8 billion was secured through sales and purchases, accounting for 66% of the total volume with 3,724 transactions, and Dh 6.6 billion in mortgage transactions, with 2,328 transactions.
The most recent update from ADREC, an affiliate of the Department of Municipalities and Transport – Abu Dhabi (DMT), demonstrates strong investor confidence in Abu Dhabi real estate, as well as the sector’s growing importance to the emirate’s overall economic diversification strategy, according to state news agency WAM.