Abu Dhabi’s real estate sector experienced significant growth last year, recording 28,249 property transactions valued at $26.2 billion—a 10.45% increase compared to the previous year, according to the Abu Dhabi Real Estate Centre (ADREC).

Foreign direct investment (FDI) in the sector also saw a remarkable surge, rising by 125% year-on-year to $2.13 billion. This influx was driven by contributions from 2,302 investors across 105 countries, including the United States, the United Kingdom, Kazakhstan, Russia, France, and China.

The UAE, as a premier global investment destination, attracted a total of $30.7 billion in FDIs in 2023, marking a 35% annual increase, according to the Ministry of Investment. This growth has been largely attributed to strategic government initiatives, including expanded residency options for retirees and remote workers, the 10-year golden visa program, and ongoing economic diversification efforts.

Abu Dhabi’s broader economy continued its upward trajectory in 2024, achieving a 4.5% year-on-year GDP growth in the third quarter, primarily fueled by a robust non-oil sector. The emirate’s economic output during this period reached $82.1 billion.

The real estate market remained dynamic, with the completion of 12 major developments and the launch of 38 off-plan projects. Leading developers, including Aldar Properties and Deyaar, played a pivotal role in these initiatives.

Deyaar introduced the $217.8 million Rivage project on Al Reem Island, while Aldar unveiled several high-profile projects such as the Mandarin Oriental Residences and Mamsha Gardens on Saadiyat Island, The Arthouse—a boutique residential community also on Saadiyat Island—and Yas Riva on Yas Island.