Foreign direct investment in Abu Dhabi real estate hits record $493m in Q1 of 2024

Abu Dhabi’s real estate market is thriving, with $493 million in foreign investment recorded in Q1 2024. Investors from India, Russia, Canada, UK, Jordan, and China are leading this surge, contributing to a total transaction value of Dh19.4 billion. Government initiatives to diversify the economy and boost infrastructure spending are fueling this growth. The market is forecasted to exceed $50 billion by 2029.