Metropolitan Capital Real Estate witnessed a strong demand for off-plan and completed real estate, with an impressive 50% surge in the number of international buyers in the first 4 months of this year (2022), compared to the same period in 2021. It is worth noting that almost 90% of the purchasers opted to relocate to the emirate with their families.
According to the data revealed by Metropolitan Capital Real Estate, investors mainly come from Western Europe, in particular, Germany, Austria, France and Italy. There was also an increase in the number of registered buyers from the CIS and Australia.
Evgeny Ratskevich, CEO of Metropolitan Capital Real Estate, said the Abu Dhabi property market has been historically driven by residents, with up to 80% of property purchase deals sealed by Emirati citizens or residents. Nevertheless, as a result of the leading position of Abu Dhabi in global safety rankings and its sustainable economy, the city is growing popular both among families and business professionals.
Abu Dhabi's free zones, including Masdar, KIZAD, Abu Dhabi Global Market (ADGM), twofour54 and Industrial City of Abu Dhabi (ICAD) also play an important role in promoting Abu Dhabi as a leading real estate investment destination. That being said, twofour54 is located in Yas Creative Hub on Yas Island, and is the engine of the gaming and entertainment sectors in the region.
Furthermore, Abu Dhabi has a wide array of premium properties, from cozy compact apartments to ultra-refined palatial mansions, which all sell out quickly after their launches. This is attributed to the availability of unique resorts, award-winning theme parks, cultural attractions and well-established academic institutions.NBD! The emirate recently saw the release of Louvre Abu Dhabi Residences by Aldar Properties, which is the world's first Louvre Abu Dhabi-branded development, in which all units were snapped up within days after the presentation.
On top of that, the Abu Dhabi Residents Office, which is an entity of Abu Dhabi Department of Economic Development (ADDED), signed a strategic agreement with Aldar Properties PJSC in October 2022. To be more specific, the Abu Dhabi Residents Office will provide full support to customers of the real estate giant when applying for a Golden Visa via a property investment worth at least AED 2M (USD 545K).
In addition, thanks to the agreement, residents with Golden Visas in Abu Dhabi obtain a 2% discount when acquiring select real estate directly from Aldar Properties and exclusive priority registration at specific Aldar Academy-affiliated schools. Not forgetting, there is also an opportunity to take advantage of Darna, which was launched by Aldar and is a first-of-its-kind, entirely digital loyalty programme in the UAE.