The Abu Dhabi Real Estate Centre (ADREC) has reported record foreign direct investment into Abu Dhabi’s property market in the first quarter of 2024.
Figures show 478 individual investors from countries including India, Russia, Canada, the UK, Jordan and China poured AED1.81 billion into Abu Dhabi real estate from January to March.
This marked a significant rise 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. 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 said.
Overall real estate transactions in Abu Dhabi reached AED19.4 billion in the first quarter across 6,070 deals.
Sales and purchases accounted for AED12.8 billion and 3,724 transactions, representing 66 percent of the total volume. Mortgage transactions totalled AED6.6 billion AED with 2,328 deals.
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