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Abu Dhabi’s Real Estate Market Attracts $893 Million in Foreign Investments

Abu Dhabi’s real estate sector has experienced a significant surge in foreign direct investment (FDI), with a 225% increase in the first half of 2024 compared to the same period in 2023. The emirate attracted AED 3.28 billion ($893 million) from 971 individual investors spanning 75 countries, including the United States, the United Kingdom, China, Kazakhstan, and Russia. ([adrec.gov.ae](https://adrec.gov.ae/en/News/Foreign-Direct-investments?utm_source=chatgpt.com))

This influx of foreign capital underscores the growing confidence in Abu Dhabi’s property market. The Abu Dhabi Real Estate Centre (ADREC), the regulatory body overseeing the sector, attributes this growth to strategic initiatives aimed at positioning the emirate as a premier global investment destination. Rashed Al Omaira, Acting Director General of ADREC, emphasized the emirate’s commitment to creating a business-friendly environment characterized by innovation, transparency, and efficiency. ([adrec.gov.ae](https://adrec.gov.ae/en/News/Foreign-Direct-investments?utm_source=chatgpt.com))

In the first half of 2024, the real estate market recorded 12,439 transaction activities valued at AED 36.2 billion ($9.85 billion). This includes AED 23.7 billion from 7,088 sales and purchase transactions and AED 12.5 billion from 5,351 mortgage transactions. ([adrec.gov.ae](https://adrec.gov.ae/en/News/Foreign-Direct-investments?utm_source=chatgpt.com))

The surge in FDI is part of a broader trend of international interest in Abu Dhabi’s real estate. In February 2024, Fiera Capital, a Toronto-listed fund managing $166 billion in assets, announced the opening of its first Middle East office in Abu Dhabi. The firm plans to establish an office in Saudi Arabia within the next 18 to 24 months, aiming to engage more closely with sovereign wealth funds, family offices, pension funds, and listed corporations in the region. ([Financial News London](https://www.fnlondon.com/articles/fiera-capital-plans-saudi-arabia-office-following-middle-east-foray-in-2024-ac7cc384?utm_source=chatgpt.com))

Additionally, Abu Dhabi’s Modon Holding has been active in international real estate investments. The company acquired half of Citadel’s new office tower at Broadgate in the City of London, marking a strategic entry into the London real estate market. The tower at 2 Finsbury Avenue is set to complete in 2027 and is one-third pre-let to Citadel. ([ft.com](https://www.ft.com/content/ed5b219c-e18a-4b8b-bfe8-88430f7dbd76?utm_source=chatgpt.com))

Modon Holding also expanded its portfolio by acquiring the luxury development La Zagaleta in Marbella, Spain. This acquisition includes the Majarambuz project, a 2.2 million square meter development in Sotogrande. The group plans to develop these areas while maintaining the exclusivity and legacy of the original developments. ([Cinco Días](https://cincodias.elpais.com/companias/2024-12-19/modon-holding-con-sede-en-abu-dabi-adquiere-en-marbella-la-urbanizacion-de-lujo-la-zagaleta.html?utm_source=chatgpt.com))

In Egypt, a partnership between Egypt’s Safwat Kaliouby Group (SKG) and the Emirati KSH Investment Company resulted in a 24 billion Egyptian pound ($500 million) agreement to develop a real estate project along the Nile in Cairo. The project will span 20,000 square meters and include residential and commercial towers, as well as a five-star hotel. ([reuters.com](https://www.reuters.com/markets/deals/egyptian-emirati-companies-sign-500-mln-real-estate-deal-egypt-2024-07-09/?utm_source=chatgpt.com))

These developments highlight Abu Dhabi’s growing influence in the global real estate market and its strategic efforts to attract and deploy foreign direct investment. The emirate’s focus on creating a transparent and efficient investment environment continues to position it as a preferred destination for investors worldwide.

Commercial Property Management in the UAE

Commercial real estate in the UAE represents a dynamic and rapidly growing market segment, encompassing office buildings, shopping centers, and warehouse facilities. Effective management of these properties is vital for ensuring profitability, tenant satisfaction, and maintaining asset liquidity. This process requires a comprehensive approach, including technical maintenance, marketing, lease optimization, and transaction support. Key Aspects of Commercial Property Management Office Building Management. Managing office buildings demands a professional […]

EVM, Solarvest and PECC2 Forge Strategic Partnership to Accelerate Renewable Energy Adoption in Vietnam through the new Direct Power Purchase Agreement Mechanism (DPPA) via National Grid

HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 January 2025 – A Memorandum of Understanding (MoU) was signed today between, Saigon Jim Brother’s Corporation (EVM), Solarvest (Vietnam) Company Limited (“Solarvest”), and Power Engineering Consulting Joint Stock Company 2 (PECC2), marking the start of a strategic partnership aimed at accelerating the adoption of a renewable energy solution in Vietnam. This collaboration focuses on leveraging the […]

Visa and Fintech DealMe Collaborate to Launch Cross-Border Card Installment Payments

Cardholders with locally issued Visa credit cards in Vietnam will soon have access to real-time installment offers at top merchants in South Korea, enhancing repayment convenience while traveling HO CHI MINH CITY, VIETNAM – Media OutReach Newswire – 24 January 2025 – Visa (NYSE: V), a global leader in digital payments, and DealMe, a fintech company, have joined forces to address the increasing demand for cross-border shopping […]

A Pro-Pakistan Wave Is Sweeping Bangladesh Under The Interim Govt Of Dr. Mohammad Yunus

By Ashis Biswas In Bangladesh, a bunch of unelected interim ‘rulers’ led by economist Mohammad Yunus is desperately anxious to cosy up to Pakistan, from which their country had seceded violently only five decades ago. In a strange reversal of their own (instant?) history, Bangladeshis have shown an apparent inability to exist and function as […]

UAE economy to grow at 4% in 2025: IMF

By Saifur Rahman The UAE economic growth is expected to remain healthy at around 4 percent while fiscal surplus is expected to decline to 4 percent of GDP this year from an estimated 5 percent of GDP last year, the International Monetary Fund said. This is slightly lower than the projections made by the Central Bank of the UAE (CBUAE) which last month projected the UAE’s real […]

Trump seeks $1 trillion investment from Saudi Arabia

Donald Trump has urged Saudi Arabia to make a $1 trillion investment in the United States and to help lower oil prices. Speaking at a rally in Michigan, the former U.S. president emphasized the economic benefits of such a partnership for both countries, asserting that it would create millions of jobs and foster mutual prosperity. The call comes at a time when energy prices and geopolitical concerns […]

KPMG in Singapore Introduces Strategic Guide to Boost Digital Talent and Inspire Green Innovation

SINGAPORE – Media OutReach Newswire – 24 January 2025 – KPMG in Singapore (KPMG) has launched a strategic guide, Advancing Digital Sustainable Talent for the Future, to support local businesses in developing digital talent while embedding sustainability into their operations. Created with contributions from the Infocomm Media Development Authority of Singapore (IMDA) and the Singapore Computer Society (SCS) Sustainable Tech SIG, the guide is closely aligned with […]

Bangladesh’s Increasing Defence Relations With Pakistan Posing Threat To India

By Satyaki Chakraborty More than six weeks have passed since the visit of Indian foreign secretary Vikram Misri to Dhaka on December 9 and his wide ranging talks with his Bangladeshi counterpart to improve the worsening bilateral relations between the two neighbouring countries. Latest indications, however, suggest that the interim government headed by Dr. Mohammad […]

Hong Kong’s Advantages Spotlighted at WEF Annual Meeting in Davos

HONG KONG SAR – Media OutReach Newswire – 23 January 2025 – Financial Secretary of the Hong Kong Special Administrative Region (SAR), Paul Chan, is among nearly 3,000 political leaders, financial officials and business elites attending the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland. Hong Kong SAR’s Financial Secretary, Paul Chan, speaks at the “2025 Davos-Caixin CEO Luncheon” in Davos, Switzerland. Promoting Hong Kong’s advantages […]

Is U.S. President Donald Trump Eyeing For A ‘Big Deal’ With Xi Jinping?

By Nitya Chakraborty Is the U.S. President Donald Trump looking for a big deal with the Chinese President Xi Jinping in his second term to reshape the global order favouring two super powers and marginalizing both Western Europe and Russia? The question gets all the relevance if one analyses the policy announcements by the second […]

Beijing Scores Diplomatic Victory In Myanmar Via Regional Ceasefire

By Satyaki Chakraborty China has scored a major diplomatic victory in Myanmar by helping the conclusion of a truce between the ruling military junta and the Myanmar National Democratic Alliance Army (MNDAA) in the provinces bordering China. The MNDAA rebels took control of large areas around the border by driving out the junta troops last […]

ADNOC Gas and EWEC Forge $10 Billion Natural Gas Agreement to Propel UAE’s Energy Transition

ADNOC Gas has entered into a strategic partnership with the Emirates Water and Electricity Company (EWEC), marked by a 10-year natural gas sales and purchase agreement valued at $10 billion. This collaboration ensures a stable and flexible supply of natural gas, a critical component in the United Arab Emirates’ (UAE) ongoing energy transformation efforts. Fatema Al Nuaimi, CEO of ADNOC Gas, emphasized the significance of this alliance, […]

Arlo Unveils Strategic Partnership with Origin AI to Deliver Advanced Smart Home Security Solutions

Arlo becomes the exclusive worldwide provider of Origin’s AI Verified Human PresenceTM detection technology to be integrated into new innovative security solutions SINGAPORE – Media OutReach Newswire – 15 January 2025 – Arlo Technologies, Inc. (NYSE: ARLO), a leading smart home security brand, recently announced a strategic partnership agreement with Origin AI, pioneers in AI SensingTM technology. Sharing a common mission to protect customers through advanced AI-powered […]

UAE’s Strategic Solar Initiatives Propel Renewable Energy Expansion

The United Arab Emirates (UAE) is accelerating its renewable energy initiatives, positioning itself as a leader in solar power development. The nation has unveiled several significant projects aimed at enhancing its clean energy capacity and reducing reliance on fossil fuels.

In January 2025, the UAE’s state-owned renewable energy company, Masdar, inaugurated a $6 billion facility designed to generate 1 gigawatt of uninterrupted clean power. Located in the Abu Dhabi desert, the facility spans 90 square kilometers and is set to commence operations by 2027. This project is a pivotal step in making renewable energy a reliable baseload power source, as emphasized by Sultan Al Jaber, Chairman of Masdar and CEO of Abu Dhabi National Oil Co (ADNOC). Energy Minister Suhail al-Mazrouei highlighted that this initiative marks the beginning of unlocking solar energy’s full potential in the region.

In addition to domestic projects, the UAE is extending its renewable energy expertise internationally. On January 15, 2025, Italy, Albania, and the UAE signed a clean energy cooperation agreement. This agreement aims to utilize the UAE’s experience to produce solar, wind, and other renewable energy sources in Albania, with a portion of the energy transmitted to Italy via an undersea cable. The project, valued at approximately €1 billion, is expected to assist Italy in meeting its electricity needs and fulfilling sustainable energy commitments made at United Nations climate conferences. Sultan al-Jaber noted that the agreement contributes to tripling renewable energy, aligning with the UAE’s goal of achieving carbon neutrality by 2050.

Domestically, the UAE continues to expand its solar energy infrastructure. The Mohammed bin Rashid Al Maktoum Solar Park in Dubai, the world’s largest single-site solar park, is projected to reach a production capacity of 5,000 MW by 2030. This initiative is expected to reduce annual carbon emissions by over 6.5 million tons upon completion. Owned by Dubai Electricity and Water Authority (DEWA), the sixth phase of the park will provide clean energy to 540,000 residences in Dubai.

The UAE has approved four renewable energy projects totaling 4.6 GW. These include three photovoltaic plants in Al Faya, Al Khazna, and Al Zarraf, and a 140-megawatt wind farm in Sila. These developments are part of the UAE’s broader efforts to reduce reliance on fossil fuels and promote an ambitious energy transition.

Investcorp Acquires Italian Alternative Payments Leader Epipoli

Investcorp, a global alternative investment firm, has signed a definitive agreement to acquire Epipoli, a leading Italian alternative payments enabler. The acquisition includes the stakes held by private equity firm Bregal Milestone and Epipoli’s founder and CEO, Gaetano Giannetto. Giannetto will retain a significant minority share and continue to lead the company. The financial terms of the transaction have not been disclosed. Established in Milan in 2000, […]

Masdar Ventures into Philippines with $15 Billion Energy Investment

Masdar, the UAE-based renewable energy powerhouse, has announced a monumental venture in the Philippines, committing $15 billion towards the development of clean energy projects. This move marks a pivotal expansion for Masdar, aiming to bolster its growing footprint in Southeast Asia while contributing to the Philippines’ ambitious climate goals. The decision to enter the Philippine market comes as the country intensifies its efforts to transition to renewable […]

Wizz Air Abu Dhabi Considers Expanding Routes to Syria

Wizz Air Abu Dhabi is evaluating the potential to introduce flights to Syria, aiming to broaden its network and offer more travel options to passengers. This consideration aligns with the airline’s strategy to expand its presence in the Middle East and connect underserved destinations.

The airline has experienced significant growth, carrying over 3.5 million passengers in 2024, a 20% increase from the previous year. This expansion has been accompanied by the introduction of innovative travel products, such as the Wizz MultiPass and All You Can Fly memberships, which sold out within 48 hours of their launch. These initiatives cater to travelers seeking affordable and flexible options for exploring multiple destinations throughout the year.

In addition to exploring new routes, Wizz Air Abu Dhabi is increasing the number of flights between Abu Dhabi and Tel Aviv following the recent ceasefire agreement between Israel and Hamas. The airline had previously scaled back its Tel Aviv-Abu Dhabi service due to the conflict but is now working to restore services to meet growing demand.

Mubadala and Getir Founders Engage in Legal Dispute Over Company Control

A significant legal dispute has emerged between Abu Dhabi’s Mubadala Investment Company and Getir’s founders, centering on control of the Turkish rapid delivery service. Founder Nazım Salur has announced plans to pursue legal action against Mubadala, accusing the investment firm of breaching a June 2024 restructuring agreement. Salur alleges that Mubadala is attempting an “illegal coup” to seize the founders’ shares.

In response, Mubadala asserts that its actions aim to ensure Getir’s financial stability and protect employment for over 18,000 Turkish employees. The company claims that its proposed plan has been unanimously approved by Getir’s independent directors and is set to be presented to shareholders for approval at an upcoming extraordinary general meeting.

This dispute follows a significant restructuring in June 2024, when Getir secured a $250 million investment from Mubadala. The restructuring involved splitting the company into two entities: one focusing on food and grocery delivery operations in Turkey, managed by Mubadala, and the other handling e-commerce, finance, and mobility services, led by Salur and the other founders.

Masdar Invests $15 Billion in Philippine Renewable Energy Projects

The United Arab Emirates’ state-owned energy firm, Masdar, has entered the Philippine renewable energy market by signing a $15 billion agreement to develop solar, wind, and battery energy storage systems. This initiative aims to deliver up to 1 gigawatt (GW) of clean power by 2030, with plans to scale up to 10 GW by 2035. Philippine Energy Secretary Raphael Lotilla described the partnership as a transformative step […]

Disruptor President-Elect Donald Trump Baffles Peaceniks And Liberals

By Nitya Chakraborty The announcement on Gaza between Israel and Hamas just five days before the inauguration of Donald Trump as the President of USA on January 20 has baffled many leaders of the peace movement as also left liberal political analysts as to how to properly assess the policies of this hard far right […]

Kenya Seeks UAE Partnership for Railway Funding

Kenya has found a new partner for its ambitious railway expansion project, turning to the United Arab Emirates after China scaled back its financial commitment to the initiative. The move comes at a time when Kenya is striving to complete its multi-billion-dollar railway infrastructure plans aimed at connecting key cities and boosting economic activity. The shift in Kenya’s funding strategy emerged following a reduction in the financing […]

Monash Leads the Charge in Reforming Malaysia’s Contract Law

KUALA LUMPUR, MALAYSIA – Media OutReach Newswire – 16 January 2025 – Monash University Malaysia is playing a pivotal role in reforming Malaysia’s contract law through its newly established Centre for Commercial Law and Regulatory Studies – Malaysia Hub (CLARA-MH), School of Business. The initiative, spearheaded by Monash University Malaysia in collaboration with the National University of Malaysia (UKM), aims to modernise the Contract Act 1950 (Act […]

Dusit International strengthens Philippines presence with two new hotels in Mindanao

Dusit Princess Moena and Dusit Princess Firenze to open in 4Q 2029. BANGKOK, THAILAND – Media OutReach Newswire – 14 January 2025 – Dusit International, one of Thailand’s leading hotel and property development companies, represented in the Philippines by Dusit Thani Philippines Inc., has signed hotel management agreements with IDC Prime, a wholly owned subsidiary of Italpinas Development Corp, a design-driven developer of sustainable properties in emerging […]