Abu Dhabi's property sector experienced a remarkable 363% increase in foreign direct investment (FDI) during the first half of 2023, totalling Dh834.6 million. The Department of Municipalities and Transport revealed that Saadiyat Island secured the highest FDI share at 34%, closely followed by Yas Island (28%), Al Jurf (12%), Al Reem Island (11%), and Al Shamkha (8%). Dr. Adeeb Al Afifi, Executive Director of the Real Estate Sector, attributed the surge to Abu Dhabi's appeal to foreign investors due to its strategic location, excellent infrastructure, and supportive economic and legislative environment.
Abu Dhabi's real estate sector has experienced a significant surge in foreign direct investment (FDI) during the first half of 2023, according to recently released data. The FDI in the emirate's real estate market reached Dh834.6 million, representing a staggering 363 per cent increase compared to the same period in the previous year.
The Department of Municipalities and Transport revealed that Saadiyat Island emerged as the top recipient of foreign direct real estate investment, securing an impressive 34 per cent share. Following closely behind was Yas Island with 28 per cent, Al Jurf with 12 per cent, Al Reem Island with 11 per cent, and Al Shamkha with 8 per cent.
Dr. Adeeb Al Afifi, the Executive Director of the Real Estate Sector at the Department of Municipalities and Transport, expressed enthusiasm about the remarkable growth in foreign investments in Abu Dhabi's real estate market. He attributed the surge to the emirate's unique appeal to international investors, citing factors such as its strategic location, world-class infrastructure, and supportive economic and legislative environment. These elements have solidified Abu Dhabi's position as a favoured destination for individuals from all nationalities looking to invest, live, and work in the region.
Dr. Al Afifi also highlighted the investment-friendly climate in Abu Dhabi, which has been bolstered by attractive incentives and robust legislative and regulatory frameworks. This has created a nurturing and stimulating environment for foreign investors seeking promising prospects in the real estate sector. Additionally, the emirate's unwavering commitment to sustainable development policies, innovation, economic diversification, and environmental sustainability has further enhanced its ability to attract foreign direct real estate investments.
With the continued growth and positive outlook for the real estate sector, Abu Dhabi remains on track to solidify its position as a prominent global hub for real estate investment, drawing attention from investors worldwide.
Advertisement
Facebook
Whatsapp
