The Abu Dhabi Real Estate Centre (ADREC) has announced that foreign direct investments (FDI) in the emirate’s real estate market recorded an exceptional growth of 225% during the first half of 2024 compared to the same period in 2023.

Abu Dhabi attracted real estate investments worth 3.28 billion Emirati dirhams during the first half of this year, due to the contributions of 971 individual investors from more than 75 countries, including the United States, the United Kingdom, China, Kazakhstan, and Russia. This diversity of investors indicates the unique and attractive investment climate in Abu Dhabi.

On this occasion, Rashed Al Omaira, Acting Director General at ADREC, commented, “The strong performance of the real estate sector in Abu Dhabi reflects the success of the strategic initiatives implemented by the Abu Dhabi Real Estate Centre to consolidate the emirate’s position as a leading global investment destination. We expect this positive performance to continue during the second half of the year.”  

The first half of 2024 recorded 12,439 real estate transactions with a value amounting to 36.2 billion dirhams, of which 23.7 billion dirhams were for sale and purchase through 7,088 transactions, and 12.5 billion dirhams were for mortgages through 5,351 transactions.