ADREC: Abu Dhabi real estate sees record FDI in H1

Abu Dhabi Real Estate Centre (ADREC), the custodian and regulator of Abu Dhabi’s real estate sector, reported on Wednesday a whopping 225 per cent increase in foreign direct investment (FDI) in Abu Dhabi’s real estate sector for the first half of 2024 compared to the same period in 2023. The emirate attracted AED 3.28 billion in investments from 971 investors across 75 countries, including the US, UK, China, Kazakhstan, and Russia.

Rashed Al Omaira, Acting Director General of ADREC, attributed this growth to strategic initiatives aimed at enhancing Abu Dhabi’s appeal as a global investment hub. He expects this positive trend to continue in the second half of the year, supported by efforts to improve the investment environment.

During the same period, Abu Dhabi recorded 12,439 real estate transactions worth AED 36.2 billion, including AED 23.7 billion from sales and purchases and AED 12.5 billion from mortgages.

Attribution: Emirates Press Agency

Subediting: Y.Yasser