ABU DHABI, UAE: The Real Estate Sector of Abu Dhabi attracted the Foreign Direct Investment (FDI) worth Dh 834.6 million in the first half of 2023, posting a growth of 363 percent as compared to the previous year.
It was revealed in the data released by the Department of Municipalities and Transport (DMT).
In terms of the highest shares of FDI by individuals, the following five regions of Abu Dhabi topped the list;
- Saadiyat Island with 34 percent
- Yas Island with 28 percent
- Al Jurf with 12 percent
- Al Reem Island with 11 percent
- Al Shamkha area with 8 percent
.@AbuDhabiDMT has recorded a 363 per cent increase in foreign direct investment in the real estate sector during H1 2023, compared with the same period in 2022, supporting #AbuDhabi’s sustainable growth and attractiveness as a place to live, work and invest. pic.twitter.com/UZFPPcmnpy
— مكتب أبوظبي الإعلامي (@ADMediaOffice) July 19, 2023
The Executive Director of the Real Estate Sector at the Department of Municipalities and Transport Dr Adeeb Al-Afifi said: “We are thrilled to announce the remarkable surge in foreign direct real estate investments in Abu Dhabi. The astounding 363 percent growth witnessed during the first half of this year is a testament to the emirate’s exceptional appeal to foreign investors. This includes its strategic location, world-class infrastructure, and supportive economic and legislative environment, all of which have contributed to enhancing the emirate’s position as a preferred destination for individuals of all nationalities to invest, live, and work.”
