Abu Dhabi real estate transactions reach new heights with 24.2% growth in 2024
UAE capital launched 38 new projects and completed 12 major developments last year
ABU DHABI: The Abu Dhabi Real Estate Centre (ADREC) recorded an impressive 24.2 percent increase in property transactions in 2024, reflecting the emirate’s resilience and appeal as a global investment hub.
With a total of 28,249 transactions, the market achieved a 10.45 percent rise in value compared to 2023, reaching Dh96.2 billion.
Major sales and mortgage activity
The year saw 16,735 sales transactions valued at Dh58.5 billion, alongside 11,514 mortgage transactions worth Dh37.7 billion. This remarkable growth stems from the sector’s ability to cater to diverse investor needs, offering units in varied sizes, styles, and price ranges.
In line with its strategic goals, Abu Dhabi introduced 38 new off-plan real estate projects and completed 12 major developments in 2024. These projects, characterised by affordability, innovative designs, and variety, played a pivotal role in attracting local and international buyers.
.@adrec_ae has recorded AED96.2 billion in real estate transactions in 2024, a 24.2 per cent increase compared with 2023, reflecting the global appeal of Abu Dhabi’s highly diversified real estate market. pic.twitter.com/hRg1pBz6FQ
— مكتب أبوظبي الإعلامي (@ADMediaOffice) January 27, 2025
Global recognition and FDI boost
Highlighting its global standing, Abu Dhabi ranked among the top five global improvers in the 2024 Global Real Estate Transparency Index (GRETI) by JLL. This recognition underscores the emirate’s commitment to transparency and trust, key factors in driving investment confidence.
The year also witnessed a staggering 125 percent increase in foreign direct investment (FDI) in the real estate sector. Over Dh7.86 billion was contributed by 2,302 investors from 105 countries, including the United States, United Kingdom, Russia, France, and China.
Engineer Rashed Al Omaira, Acting Director General at ADREC, emphasised the significance of these achievements: “The sustained growth of Abu Dhabi’s real estate market reflects our strategic priorities of stability and innovation. The surge in FDI showcases Abu Dhabi’s adaptability and appeal in a dynamic global economy.”
A vision for sustainable growth
With its world-class infrastructure and forward-thinking policies, Abu Dhabi’s real estate sector remains a cornerstone of its economic vision. ADREC’s efforts focus on sustainable development and enhancing the quality of life for residents through innovative projects.
Al Omaira added: “Our mission is to position Abu Dhabi as a global investment hub and a model for urban living. By fostering trust and ensuring investor confidence, we are creating long-term value and opportunities for all stakeholders.”