During the first half of 2023, foreign direct investment (FDI) by individuals in Abu Dhabi’s real estate sector reached AED 834.6 million, a rise of 363% from the corresponding period in 2022.
Saadiyat Island, Yas Island, Al Jurf, Al Reem Island, and the Al Shamkha area topped the list for the biggest proportions of foreign direct investment by people, according to data issued by the Department of Municipalities and Transport (DMT).
Dr. Adeeb Al-Afifi, Executive Director of the Real Estate Sector for the Department of Municipalities and Transport, said: “Abu Dhabi’s investment climate, bolstered by encouraging incentives and robust legislative and regulatory frameworks, has created a nurturing and stimulating environment for foreign investors pursuing promising prospects in the real estate market.”
“Moreover, the emirate’s unwavering commitment to adopting sustainable development policies, innovation, economic diversification and environmental sustainability has significantly enhanced its ability to attract foreign direct real estate investments,” he added.