Property market in Abu Dhabi is witnessing a considerable increase in demand from international buyers from across Europe, with some real estate agencies recording up to a 50 per cent increase in demand in the first four months of 2022 compared to the same period last year. The influx has been attributed to factors ranging from growing free zones encouraging business relocation, Abu Dhabi’s unparalleled safety and family-focused living, to the city’s meticulous handling of the Covid-19 pandemic. What the Abu Dhabi government has done in recent years in terms of increasing the level of security, the comfort of life here in general, the infrastructure, the conditions for the businesses to relocate their headquarters, all play an important role, and people are starting to realize this.
Reason why foreign investors are attracted to Abu Dhabi is because it has cemented itself as a hub for industrial development and economic growth in the region with overseas companies drawn to the freezones, such as Masdar, Khalifa Industrial Zone Abu Dhabi (KIZAD), Abu Dhabi Global Market (ADGM), Twofour54 (Media Free Zone Authority), Industrial City Abu Dhabi (ICAD), etc, where they can operate under 100% ownership in a low-cost operational environment and with full exemption from import, export, corporate and personal taxes.