The source of information is the Abu Dhabi Real Estate Centre (ADREC) which has claimed that there was a record FDI in the real estate of Abu Dhabi in the first quarter of 2024 . Total turnover of real estate in Abu Dhabi for this period was at AED 19. 4 billion through an estimated 6,070 deals.
Data reveals that 478 persons of collective investments from such countries as India, Russia, Canada, United Kingdom, Jordan, and China used AED 1. 81 billion to invest in the Abu Dhabi real estate during January-March 2015, which increased as compared to the same quarter of the previous year.
Data about the performance of Abu Dhabi’s real estate market in the first three months of this year demonstrate the further attraction of the subject for international investors,” the continued growth on display bodes well for the remainder of 2024, and ADREC is prepared to deliver outstanding service and assistance to all parties involved in Abu Dhabi’s world-class real estate market Ready, Al Omaira mentioned.
Out of the total value of exchange, which stood at AED 19. 35 billion, 66 percent was considered to be spot sales and purchases made in 3,724 transactions. Mortgage related business reached a aggregate of AED 6. 6 billion through 2,328 transactions. These numbers provide evidence of high confidence in the efficiency of investment in Abu Dhabi’s real estates as well as the strategic role of real estates plays in Abu Dhabi’s diversification plan as pointed out by the ADREC.
