Quarterly Report August 14, 2023
Abu Dhabi Second Quarter Report 2023
The latest preliminary estimates of Abu Dhabi’s real GDP stood at AED 276 Bn, down 0.6% quarterly and 3.9% higher than the same period last year. The city’s hydrocarbon economy contributed 47.2% of the Emirate’s GDP, equivalent to more than AED 130 Bn, while the real estate component of its non-oil economy had a minority share of 3.4% amounting to above AED 9 Bn.
Abu Dhabi First Quarter Report 2023
June 9, 2023
Abu Dhabi June 2023 Real Estate Report
August 28, 2023
The latest preliminary estimates of Abu Dhabi’s real GDP stood at AED 276 Bn, down 0.6% quarterly and 3.9% higher than the same period last year. The city’s hydrocarbon economy contributed 47.2% of the Emirate’s GDP, equivalent to more than AED 130 Bn, while the real estate component of its non-oil economy had a minority share of 3.4% amounting to above AED 9 Bn.
The Department of Municipalities and Transport (DMT) announced that Foreign Direct Investment (FDI) inflow to the real estate sector surged 363% annually, reaching AED 834.6 Mn as of the first half of 2023. Additionally, the city’s strategic location, top-notch infrastructure, supplemented by supportive economic and legislative atmosphere, have helped to reached this record achievement.
