Abu Dhabi’s real estate market has seen a 225 percent increase in foreign direct investment (FDI) for the first half of 2024 compared to the same period in 2023, according to the Abu Dhabi Real Estate Centre (ADREC).

The emirate attracted AED3.28 billion in real estate investments during H1 2024, with 971 individual investors from 75 countries contributing.

Investors hailed from nations including the United States, the United Kingdom, China, Kazakhstan, and Russia.

“The strong performance of Abu Dhabi’s real estate sector reflects the strategic initiatives we have implemented to position the emirate as a premier global investment destination,” Rashed Al Omaira, Acting Director General of ADREC said.

“We anticipate that this positive performance will continue into the second half of the year, bolstered by our dedicated efforts to enhance the investment environment. Our commitment to excellence ensures that the emirate remains a trusted and attractive option for global investors.

“Foreign direct investment plays a crucial role in Abu Dhabi’s vision of economic diversification. Our primary focus is on creating a business-friendly environment characterised by innovation, transparency, and efficiency. We are dedicated to streamlining procedures and utilising advanced technologies to make the city an optimal destination for investments,” he added.

The first half of 2024 saw 12,439 transaction activities valued at AED36.2 billion. This included AED23.7 billion from 7,088 sales and purchase transactions, and AED12.5 billion from 5,351 mortgage transactions.