February 23, 2024

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Document 363% leap in Abu Dhabi actual property overseas direct investments

2 min read

Knowledge launched by the DMT reveals the highest 5 areas that attracted the best shares of overseas direct funding by people. Saadiyat Island led the way in which with 34 %, adopted carefully by Yas Island with 28 %. Al Jurf secured 12 %, whereas Al Reem Island and Al Shamkha space accounted for 11 % and eight %, respectively.

Dr Adeeb Al-Afifi, Govt Director of the Actual Property Sector for the Division of Municipalities and Transport, expressed his delight on the exceptional surge in overseas direct actual property investments in Abu Dhabi.

He attributed the extraordinary progress of 363 % within the first half of the 12 months to the emirate’s distinctive enchantment to overseas traders. This consists of its strategic location, world-class infrastructure, and supportive financial and legislative setting, all of which contribute to enhancing Abu Dhabi’s place as the popular vacation spot for people of all nationalities to speculate, stay, and work.

Dr Al-Afifi highlighted the funding local weather in Abu Dhabi, characterised by encouraging incentives and strong legislative and regulatory frameworks. This nurturing and stimulating setting has paved the way in which for overseas traders to discover promising prospects in the actual property market.

Moreover, Abu Dhabi’s unwavering dedication to sustainable growth, innovation, financial diversification, and environmental sustainability has considerably amplified its potential to draw overseas direct actual property investments.

The substantial progress charges within the quantity of overseas direct actual property investments replicate the boldness worldwide traders place in Abu Dhabi’s economic system and its potential to ship long-term returns.

Dr Al-Afifi affirmed the emirate’s dedication to constructing a complete and alluring actual property ecosystem for overseas traders.

This ecosystem can be characterised by streamlined processes and seamless authorities companies, facilitating overseas direct investments in Abu Dhabi’s actual property sector.

The Division of Municipalities and Transport has acknowledged it stays steadfast in its dedication to bolstering Abu Dhabi’s place as a world hub for actual property funding.

By repeatedly enhancing the funding panorama and offering a supportive framework, the emirate is poised to capitalize on its compelling worth proposition, attracting traders from world wide who search profitable alternatives and a thriving actual property market.

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