The Abu Dhabi Real Estate Centre (ADREC), established by the Department of Municipalities and Transport, has announced a plan to increase foreign direct investments (FDIs) and attract international investors to the emirate’s real estate sector. The plan aims to promote Abu Dhabi’s real estate opportunities and advanced infrastructure to solidify its position as a global investment hub.
Rashed Al Amirah, Acting Director-General of ADREC, stated that the emirate’s real estate market is experiencing growth, driven by increased transparency and investment from both local and international sources. He projected the total value of real estate transactions to reach Dh87 billion by the end of 2024.
Al Amirah highlighted that real estate accounted for 16% of Abu Dhabi’s GDP by the end of Q1 2024, contributing Dh25 billion. He emphasised the sector’s role in supporting the non-oil economy and predicted continued growth through ongoing projects and infrastructure improvements.
Real estate investment transactions, including sales and purchases, amounted to Dh30.7 billion in the first half of 2024. The launch of Abu Dhabi’s first residential rental index, designed to provide data on rental values by area, is expected to enhance market transparency and stability.
ADREC is committed to ensuring the stability of the real estate market through strategic initiatives, including regulatory updates and the promotion of digital processes to improve efficiency and customer satisfaction.
