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Abu Dhabi Real Estate Sees 125% Surge In FDI, Transactions Hit $26.19 Billion In 2024

by THEFUTURE.TEAM

The Abu Dhabi Real Estate Center (ADREC) has reported an impressive 125% year-on-year increase in foreign direct investment (FDI) in 2024, with the sector attracting over AED7.86 billion ($2.14 billion). A total of 2,302 investors from 105 countries, including the US, UK, Kazakhstan, Russia, France, and China, contributed to this surge.

Engineer Rashed Al Omaira, acting director general of ADREC, highlighted the significance of this surge, stating, “The rise in FDI demonstrates Abu Dhabi’s resilience and adaptability in a changing global economy. It underscores the emirate’s investment-friendly environment and world-class infrastructure that ensures sustainable growth.”

Real Estate Transactions Grow 24.2% In 2024

Abu Dhabi’s real estate sector saw a remarkable 24.2% rise in transactions last year. The market continues to thrive, positioning itself as an attractive destination for global investors. ADREC revealed that 28,249 transactions were completed in 2024, a 10.45% increase in total value, reaching AED96.2 billion ($26.19 billion). The sector included 16,735 sales transactions worth AED58.5 billion and 11,514 mortgage transactions valued at AED37.7 billion.

“The continuous growth of the real estate market reflects our strategy of ensuring stability,” said Al Omaira. “Abu Dhabi’s recognition among the top five global improvers in the 2024 Global Real Estate Transparency Index (GRETI) by JLL reflects our commitment to transparency and trust in the sector.”

38 New Projects Launched In 2024

In line with its growth strategy, Abu Dhabi introduced 38 new real estate projects for off-plan sales and completed 12 major developments in 2024. These projects were carefully selected for their diverse offerings, innovative designs, and affordability, catering to a broad range of investors.

ADREC remains committed to enhancing Abu Dhabi’s position as a global investment hub, with initiatives focused on driving sustainable development and improving the quality of life for residents.

High ROI Areas In Abu Dhabi’s Real Estate

Several areas in Abu Dhabi’s real estate market stood out in 2024 for offering strong returns on investment (ROI), according to Bayut’s Abu Dhabi Annual Property Market Reports.

  • Al Reef provided the highest average ROI for budget-friendly apartments at 8.64%.
  • Al Ghadeer followed closely, with an 8.41% ROI for affordable apartments.
  • Yas Island was the top choice for luxury apartments, offering a 7.07% ROI.
  • Al Raha Beach also proved popular for high-end apartments with a 6.09% ROI.
  • For budget-friendly villas, Hydra Village led with an 8.09% ROI.
  • Al Ghadeer again offered a solid return of 6.53% in the affordable villa category.
  • Yas Island emerged as the top destination for luxury villas, with an ROI of 6.28%, closely followed by Al Raha Gardens with a 6.23% ROI.

Popular Off-Plan Projects In 2024

Abu Dhabi’s off-plan real estate market continued to attract investors in both affordable and luxury segments.

  • Affordable Apartments: Top choices included the City of Lights on Al Reem Island, Al Reeman 1 in Al Shamkha, and the eco-friendly Royal Park in Masdar City.
  • Luxury Apartments: Yas Bay on Yas Island, Saadiyat Island’s Cultural District, and Al Maryah Vista on Al Maryah Island stood out for their luxury offerings.
  • Affordable Villas: Investors showed interest in Reem Hills on Al Reem Island, Bloom Living in Zayed City, and Al Reeman 2 in Al Shamkha.
  • Luxury Villas: The opulent Saadiyat Lagoons on Saadiyat Island and Yas Acres on Yas Island were the top picks for those seeking high-end villa options.

Abu Dhabi’s real estate market continues to thrive, offering numerous opportunities for investors across diverse segments. ADREC’s initiatives are designed to ensure long-term growth and sustainability for the sector.

Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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