The launch of the Abu Dhabi Real Estate Centre (ADREC) signals a major push to attract more foreign direct investment (FDI) into the emirate’s growing real estate sector. Spearheaded by the Department of Municipalities and Transport (DMT), ADREC is tasked with promoting transparency, innovation, and operational efficiency, all while creating a more investor-friendly regulatory framework. The initiative underscores Abu Dhabi’s ambition to position itself as a global real estate hub.
The new centre’s comprehensive approach focuses on four key areas: strategic planning, promotion, regulation, and transaction management. This aims to streamline property-related processes and improve the quality of services for investors, developers, and residents alike. Additionally, the centre will support real estate developers by facilitating the timely delivery of high-quality projects, ensuring that investors are offered stable and profitable opportunities.
According to Mohamed Ali Al Shorafa, Chairman of DMT, ADREC aims to create a dynamic and transparent environment that strengthens confidence among global investors. The move is part of a broader strategy to align Abu Dhabi’s real estate growth with the emirate’s economic diversification plans. Al Shorafa emphasized that this new initiative will also enhance the quality of life for residents, contributing to the emirate’s overall appeal as a destination for business and leisure.
Beyond regulation and transaction management, ADREC will actively engage in international forums and real estate conferences, boosting Abu Dhabi’s profile globally and positioning the emirate as a prime destination for FDI in real estate. With the ongoing demand for residential, commercial, and mixed-use developments, the timing of this launch is strategic.
The launch of ADREC represents a key pillar in Abu Dhabi’s larger efforts to increase foreign investments across various sectors, particularly as the emirate continues to diversify its economy beyond oil. With heightened transparency and the implementation of data-driven tools to manage property transactions, the initiative will ensure that international investors are drawn to Abu Dhabi’s resilient and rapidly growing real estate market.
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