Blogs
What's New Trending
-
- 14 November, 2023
- Abu Dhabi Real Estate, Lifestyle
- (0)
- 03 Mins
Abu Dhabi real estate: What to watch for in 2024
Abu Dhabi, the capital of the United Arab Emirates (UAE), is experiencing significant growth in its real estate sector. This trend is expected to continue in 2024, driven by a number of factors, including increased investment from foreign investors, growing demand for luxury properties, and the launch of groundbreaking new projects. With over 11,910 Real Estate Sales transaction and with the total sales values amounting to AED 43.4 Billion recorded so far for 2023 in Abu Dhabi.
Increased investment from foreign investors
Abu Dhabi has long been a popular destination for foreign investors, and this trend is expected to continue in 2024. The country’s stable political and economic environment, as well as its attractive investment incentives, are making it increasingly appealing to foreign investors looking to invest in real estate.
Growing demand for luxury properties
The demand for luxury properties in Abu Dhabi is on the rise, as more and more high-net-worth individuals (HNWIs) are looking to invest in the city’s exclusive properties. This is being driven by a number of factors, including Abu Dhabi’s growing status as a global hub for commerce, luxury, and lifestyle
Launch of groundbreaking new projects
A number of groundbreaking new real estate projects are scheduled to launch in Abu Dhabi in 2024. These projects include Hudayriyat, Nobu Hotels, Liwa Hotel, LXR Hotels & Resort, Zayed National Museum, Natural History Museum These projects are set to further enhance Abu Dhabi’s skyline and attract even more investors and residents to the city.
- Hudayriyat Park: And if you prefer your alfresco activities paced a little more leisurely, there’ll be plenty of that on offer with a 2.25 million square meter urban park, the largest of its sort in the emirate. It’ll get you right up in the furry face of nature and feature such facilities as an elevated cycling track and mangrove walk
- Mondrain Hotels: Abu Dhabi’s luxury hotel scene is about to get even more dazzling, with the upcoming opening of the Mondrian Abu Dhabi. The hotel, which is set to open on the canal front in Downtown Abu Dhabi, is the latest addition to the Mondrian Hotels portfolio, which is known for its stunning design and focus on local culture.The Mondrian Abu Dhabi promises to be a feast for the senses, with interiors by award-winning designer Tristan Du Plessis. The hotel will feature 221 rooms and 80 serviced apartments, as well as six restaurants and bars, a luxury spa, state-of-the-art fitness center, kids’ club, swimming pool, and infinity-lagoon.
- Zayed National Museum:The Zayed National Museum, designed by Pritzker Prize-winning architect Lord Norman Foster, will be an architectural marvel and fitting home for the inspiring story of the UAE and its visionary founder, Sheikh Zayed bin Sultan Al Nahyan.
- Louvre Abu Dhabi: The Louvre Abu Dhabi is a museum located on Saadiyat Island. The museum is part of the Louvre network and houses a collection of art from around the world.
- Guggenheim Abu Dhabi: The Guggenheim Abu Dhabi is a museum located on Saadiyat Island. The museum is part of the Guggenheim Museums network and is expected to house a collection of modern and contemporary art.
- Nobu Hotel and Beach Club: The famed Nobu brand is expanding to Abu Dhabi, with a beachfront resort, restaurant, and residences set to open in 2026. The Nobu Hospitality concepts, in collaboration with Aldar properties, will be located on the scenic Mamsha beach on Saadiyat island, forming part of the cultural and culinary hub of Saadiyat Grove.
- LXR Hotels & Resorts: LXR, the luxury indie arm of Hilton Hotels, is transforming Al Nawras Island in Abu Dhabi into a one-stop leisuretropolis with its own golf course, set to open in 2023. The island will offer a variety of amenities for tourists, including luxury hotels, restaurants, bars, shops, and a world-class spa. The golf course is designed by world-renowned golf course architect Greg Norman, and is expected to be one of the most challenging and scenic courses in the region.
Impact of groundbreaking projects on Abu Dhabi’s real estate market
The launch of these groundbreaking real estate projects in 2024 is expected to have a number of positive impacts on Abu Dhabi’s real estate market. First, these projects will attract even more investors and residents to the city, further fueling growth in the real estate sector. Second, these projects will create new jobs and boost the local economy.
