Abu Dhabi, UAE
The emirate of Abu Dhabi that hosts the UAE capital city, has recorded a 24.2 per cent jump in real estate transactions exceeding Dh96.2 billion (US$26.2 billion) in 2024 compared to the previous year, according to a statement issues by Abu Dhabi Real Estate Centre (ADREC).
“The emirate’s real estate market continues to demonstrate resilience and diversity, positioning itself as a premier destination for global investors. With a focus on catering to varied preferences, the sector has expanded its portfolio with a comprehensive range of unit sizes and investment options. This strategic approach resulted in 28,249 transactions in 2024, representing a 10.45 per cent surge in total value, reaching Dh96.2 billion,” the statement said.
The sector recorded 16,735 sales transactions valued at Dh58.5 billion and 11,514 mortgage transactions worth Dh37.7 billion.
In 2024, Abu Dhabi launched 38 new real estate projects for off-plan sales, alongside the completion of 12 major developments. These projects were strategically selected for their diverse offerings, innovative designs and affordability, appealing to a broad spectrum of investors.
Rashed Al Omaira, Acting Director-General at ADREC, said: “The sustained growth of Abu Dhabi’s real estate market over the past decade reflects a strategy that prioritises market stability. Abu Dhabi’s inclusion among the top five global improvers in the 2024 Global Real Estate Transparency Index (GRETI) by JLL underscores our commitment to fostering transparency and trust within the sector.”
ADREC also reported a remarkable 125 per cent year-on-year increase in foreign direct investment (FDI), with the sector attracting over Dh7.86 billion in 2024. Contributions came from 2,302 investors across 105 countries, including the United States, the United Kingdom, Kazakhstan, Russia, France and China.
Al Omaira said: “The surge in FDI highlights Abu Dhabi’s adaptability and resilience in an evolving global economy. It is a testament to the emirate’s forward-thinking policies, investment-friendly environment, and world-class infrastructure that ensure sustainable growth.
“At ADREC, we are committed to reinforcing Abu Dhabi’s position as a global investment hub and a model for urban living. Our real estate sector is a cornerstone of the emirate’s economic vision, driving sustainable development and enhancing quality of life for residents through innovative, high-quality projects.”
With its strategic initiatives and unwavering focus on investor confidence, ADREC will continue to strengthen Abu Dhabi’s standing as a preferred destination for property investments, offering unparalleled opportunities and long-term value.
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Also read: Abu Dhabi real estate transactions record over Dh46.33bn in H1 2023
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