Middle East

Abu Dhabi real estate market continues to attract more foreign direct investments

ABU DHABI, 7 JUNE / WAM / Data issued by the Abu Dhabi Real Estate Center of the Department of Municipalities and Transport in Abu Dhabi revealed an increase in the value of foreign direct investments in the real estate sector in the emirate for the individual category, to reach 1.81 billion dirhams during the first quarter of the year 2024 compared to the investments recorded during the same period. From last year.

The growing real estate sector in the Emirate of Abu Dhabi has attracted 487 new investors from several markets, including India, Russia, Canada, the United Kingdom, Jordan, China and others, to continue to enhance its investment attractiveness derived from the prestigious status of Abu Dhabi, which is an ideal global destination for living, work and investment.

During the first quarter, the Center recorded real estate transactions worth 19.4 billion dirhams, which were completed through 6,070 transactions. These transactions were divided into 12.8 billion dirhams for buying and selling transactions recorded through 3,724 transactions, and 6.6 billion dirhams for mortgage transactions through 2,328 transactions.

Rashid Al Amira, Acting Director General of the Abu Dhabi Real Estate Center, said that the performance of the real estate sector in Abu Dhabi during the first three months of this year is a true reflection of the sector’s increasing ability to attract international investors, and the strong growth that we are witnessing today reveals positive indicators for the rest of the year 2024.

In this context, he stressed the readiness of the Abu Dhabi Real Estate Center to provide smooth services and support all concerned parties with the best solutions and services that meet the needs of the market to ensure that the capital enjoys a world-class real estate sector.

The exceptional results revealed by the report of the Abu Dhabi Real Estate Center of the Department of Municipalities and Transport in Abu Dhabi confirm the strong confidence of investors in the real estate sector in the capital, and the growing importance of the sector in achieving the emirate’s vision to diversify the economy.

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