2024-03-03 06:49:30
Live – Abu Dhabi: A report issued by the Interregional Center for Strategic Analyzes in the Emirate of Abu Dhabi confirmed that the real estate sector in the Emirates continues to be attractive for investment, by attracting wealth and capital owners, supported by the political, economic and financial stability witnessed by the countries.
The report, a copy of which Mubasher Info received today, Sunday, confirmed that the real estate sector in the Emirates provides high profitability, especially with continued demand, contrary to expectations in many countries of the world, noting that there is almost consensus among specialized companies that the real estate sector in the Emirates will enhance the growth process. During 2024.
The report added that this comes due to the multiplicity of investment options in multiple real estate products, the strength of infrastructure and regulating legislation, which together provide strong opportunities for investors and those aspiring to live and work in the country.
He explained that the numbers issued by the real estate regulatory authorities in the Emirates confirm that the sector has regained growth levels equivalent to those before “Covid-19”, and even exceeded them during the year 2023, and economic growth expectations in the country in 2024 indicate achieving better growth rates than last year. .
He noted that the real estate sector in the Emirates will maintain good growth rates in 2024, with the government and the private sector launching new real estate projects and infrastructure projects in many regions due to the increase in population and expatriates coming from abroad for the purpose of investment or work.
Global Data, a British consulting and data analysis company, expects that the construction industry in the country will record an annual growth of 3.9 percent between 2025 and 2027, with an increase in the pace of investments in infrastructure, sustainable energy projects, and investment projects in industrial sectors and other sectors that attract investments.
Official data indicate that the residential real estate sector in Abu Dhabi achieved growth during the first 9 months of 2023 by 56 percent, reaching 67.8 billion dirhams, while the value of real estate transactions in Dubai increased by 37 percent, amounting to more than 500 billion dirhams.
According to official data, the real estate sector in Abu Dhabi achieved a sales value of 50 billion dirhams in 2023, while the value of real estate sales in Dubai exceeded 400 billion dirhams.
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Dubizzle: Increasing demand for Dubai and Abu Dhabi real estate during 2023
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