Why Abu Dhabi is Among the Top Real Estate Investment Destinations for the Global Wealthy

Knight Frank confirmed that Abu Dhabi is among the most popular real estate investment destinations for the global wealthy. Knight Frank said that Abu Dhabi has become a global tourist and investment attraction. It has repositioned itself over the past 15 to 20 years; To be a prestigious cultural and entertainment center.
In a recent survey report, the company stated that Abu Dhabi has emerged as the second most popular real estate investment destination for the global wealthy, after Dubai. As 21% of the respondents said that they prefer the UAE capital as a preferred destination for buying real estate in the UAE.
Abu Dhabi derives its attractiveness from a distinctive mix of cultural attractions and world-class infrastructure, including Yas Island, Abu Dhabi Global Market and Saadiyat Island. It has also enhanced its reputation with world-class museums such as the Louvre and the upcoming Guggenheim and Zayed museums. Wealthy people around the world reported that they were positively affected by these developments, making Abu Dhabi an even more attractive place to buy real estate.
Faisal Durrani, Head of Research for the Middle East at Knight Frank, said: “Abu Dhabi has witnessed an increase in its reputation as a global destination, especially in large-scale cultural and entertainment projects, such as the Louvre Museum, Qasr Al Watan, Ferrari World, and Warner Bros. Park; Where these entertainment attractions began to attract the attention of travelers around the world. It bears fruit; As 45% of the global wealthy indicated that the development plans in the emirate positively affect their view of the emirate as an investment destination.
He added that those with a net worth of more than $10 million view Abu Dhabi as an attractive destination; As 57% of this group are keen to invest in the city.
Also, 89% of the respondents expressed their interest in investing in Abu Dhabi, especially in the residential sector. Meanwhile, luxury residential properties, such as the one on Saadiyat Island, are beginning to attract the attention of the global elite, largely due to highly competitive prices, with 50% of respondents saying they would be willing to set aside more than $2 million to buy property in Abu Dhabi.