Abu Dhabi Real Estate Sector Witnesses Remarkable 363% Growth in Foreign Direct Investment During First Half of 2023
The Department of Municipalities and Transport (DMT) announced that foreign direct investment (FDI) in the individual category within Abu Dhabi’s real estate sector has soared to AED 834.6 million during the first half of 2023, achieving a record growth rate of 363% compared to the corresponding period last year.
Top Five Regions with Highest Shares of Foreign Direct Investment by Individuals
According to data released by the DMT, the following five regions topped the list in terms of the highest shares of foreign direct investment by individuals: Saadiyat Island with 34%, Yas Island with 28%, Al Jurf with 12%, Al Reem Island with 11%, and Al Shamkha area with 8%.
Abu Dhabi’s Investment Climate Bolstered by Encouraging Incentives and Robust Legislative and Regulatory Frameworks
His Excellency Dr. Adeeb Al-Afifi, Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, said: “We are thrilled to announce the remarkable surge in foreign direct real estate investments in Abu Dhabi.
Dr. Al-Afifi further added, “Abu Dhabi’s investment climate, bolstered by encouraging incentives and robust legislative and regulatory frameworks, has created a nurturing and stimulating environment for foreign investors pursuing promising prospects in the real estate market.
Abu Dhabi’s Unwavering Commitment to Adopting Sustainable Development Policies, Innovation, Economic Diversification, and Environmental Sustainability
Moreover, the emirate’s unwavering commitment to adopting sustainable development policies, innovation, economic diversification, and environmental sustainability has significantly enhanced its ability to attract foreign direct real estate investments.”
Increased Growth Rates in the Volume of Foreign Direct Real Estate Investments Reflect Confidence of International Investors
Dr. Al-Afifi emphasized that the increased growth rates in the volume of foreign direct real estate investments reflect the confidence of international investors in the emirate’s economy and its ability to provide long-term returns.
Building a Comprehensive and Enticing Real Estate Ecosystem for Foreign Investors
He underscored the need to continue building a comprehensive and enticing real estate ecosystem for foreign investors, characterized by streamlined processes and seamless government service experience that facilitates the flow of foreign direct investments into the real estate sector in Abu Dhabi.
