fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home Infrastructure Real Estate

In 2022, Abu Dhabi real estate records a new boom with an influx of international investors

Safety, convenience and Free Zones lead the way

Sunil Bolar by Sunil Bolar
May 19, 2022
in Real Estate, The Global Economics, Top Stories
Reading Time: 3 mins read
0
In 2022, Abu Dhabi real estate records a boom with an influx of international investors

In 2022, Abu Dhabi real estate records a boom with an influx of international investors

35
SHARES
195
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

International buyers from across Europe have fueled an unprecedented demand for real estate in Abu Dhabi. Real estate agencies have witnessed over 50 percent increase in demand in the first four months of 2022, compared to the same period last year.

The increased demand from international investors has been attributed to a variety of factors, including free zones, which encourage business investment, to family-focused living and unparalleled safety in the city.

Evgeny Ratskevich, CEO of Metropolitan Capital real estate, said the Abu Dhabi government had done a tremendous job in recent years by improving infrastructure, standard of living and good business conditions, all of which are encouraging people to invest and live in Abu Dhabi.

Metropolitan Capital Real Estate sold a total of AED2.8 billion across five locations, including Yas Island, Al Reem island, Al Saadiyat island, Al Raha beach and Khalifa City. The company said that international buyers from various European nations have invested in the city, in addition to buyers from countries like Russia, UK and Australia.

The CEO also said that in addition to the number of investors rising, the size of the investments were also rising correspondingly, with property values showing an increase of almost 75 percent compared to the same period last year.

Abu Dhabi policies a major reason for influx

A major reason for investors being attracted to Abu Dhabi is the city’s burgeoning number of free zones, where owners can operate under 100 percent ownership in a low cost operational environment. Investors can also benefit from full exemption of personal, corporate, import and export taxation.

The city’s reformed visa schemes, infrastructure, safety, and business-friendly policies have all led to a massive increase in the number of investors relocating to, and investing in Abu Dhabi.

Director at Henry Wiltshire International, Andrew Covill, mentioned that the agency has witnesses a growing demand for high-quality luxury accommodations.

He said that the demand for villas with a view was the greatest, along with increased demand for luxury apartments with outdoor space and water views. He also said that international investors were looking for capital growth and high rental returns. 

According to him, the Green Visa policy , which grants citizenship to people who invest over AED2 million in property, is also a key reason for the influx of investors.

Executive Director at Soufiscape Properties, Badia Soufi, said that her company had seen an increase of inquiries by at least 40 percent, for properties in Abu Dhabi. She also said that many of the investors were from Russia and Ukraine, who find the city a safe environment to invest their money.

Chief Commercial Officer of Aldar Development, Rashed Al Omaira, said that the real estate sector in Abu Dhabi has established a strong position in the last few years, and continued to reinforce the city’s status as a destination for investment and home ownership. He also said that female buyers have also entered the market recently.

He further said that the positive sentiment was reflected in the record sales by Aldar of AED2.2 billion recorded in the first quarter of the year, in addition to increased occupancy and footfalls which touched 92 percent at the end of March. This was close to pre-pandemic levels, he said.

While praising the social and economic initiatives that had been introduced by the government, he also said that the recent changes to business ownership laws and resident visas would continue to boost the Abu Dhabi market and attract international and local home owners and investors.

 

Tags: abu dhabiinvestorsreal estate
Sunil Bolar

Sunil Bolar

Sunil is a creative person who combines his love for writing with tech and business.

Related Posts

Bears Have Paused Playing Ahead Of Fed, ECB and BOE Speeches
The Global Economics

Bears Have Paused Playing Ahead Of Fed, ECB and BOE Speeches

by Anuj Singh
February 8, 2023
Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?
The Global Economics

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

by Riya Thomas
February 7, 2023
AMC Theatre
Lifestyle

Want a Seat In The Middle of The Theatre? Pay More: AMC Movies

by Marifur Rahman
February 7, 2023
Contact- Egypt's Leading Financial Services Company Harnesses the Power of Artificial Intelligence
Exclusive Coverage

Contact- Egypt’s Leading Financial Services Company Harnesses the Power of Artificial Intelligence

by The Global Economics
February 7, 2023
Japan Govt Approaches Amamiya Regarding Becoming BOJ Governor
Central

Japan Govt Approaches Amamiya Regarding Becoming BOJ Governor

by Anuj Singh
February 7, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Bears Have Paused Playing Ahead Of Fed, ECB and BOE Speeches

Bears Have Paused Playing Ahead Of Fed, ECB and BOE Speeches

February 8, 2023
Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

Unlocking Possibilities with ChatGPT: What AI-Assisted Conversation Could Mean for You?

February 7, 2023
AMC Theatre

Want a Seat In The Middle of The Theatre? Pay More: AMC Movies

February 7, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version