Abu Dhabi Real Estate Market Attracts Record Foreign Investment in 2024

Abu Dhabi Real Estate

A Staggering AED 1.81 Billion As Per Abu Dhabi Real Estate Centre (ADREC).

The Abu Dhabi Real Estate Centre (ADREC) has reported a remarkable surge in foreign direct investment into the emirate’s property market during the first quarter of 2024. 

Figures reveal that 478 individual investors from countries such as India, Russia, Canada, the UK, Jordan, and China poured a staggering AED 1.81 billion into Abu Dhabi real estate from January to March, marking a significant increase compared to 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, said Rashed Al Omaira, Acting Director General of ADREC.

“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.”

Overall real estate transactions in Abu Dhabi reached an impressive AED 19.4 billion in the first quarter across 6,070 deals. Sales and purchases accounted for AED 12.8 billion and 3,724 transactions, representing 66 percent of the total volume, while mortgage transactions totaled AED 6.6 billion with 2,328 deals.

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