While Dubai was way ahead in terms of popularity, Abu Dhabi was increasingly finding favour with investors owing to its value proposition, according to Juwai IQI, a real estate broker with more than US$4 trillion in property listings globally on its platform.
“Dubai and Abu Dhabi are similar markets in terms of product and lifestyle, but Dubai has had years to turn itself into a global investment destination, while Abu Dhabi is still little known,” said Kashif Ansari, Juwai IQI’s co-founder and group CEO. “Abu Dhabi began courting foreign investors relatively recently, since about 2019. Over the long term, we foresee Abu Dhabi becoming just as successful at attracting international property investment as Dubai.”
Inquiries from prospective Chinese buyers for property across the UAE rose by 125 per cent quarter on quarter in the first three months of the year, and 29 per cent year on year, according to Juwai IQI.
