Abu Dhabi - Decypha: Foreign investors pumped $40.3 million last month into Abu Dhabi, according to Abu Dhabi Securities Exchange (ADX).
About 44.61% of the foreign investment was focused on the real estate market, with the new international standards and property regulations contributing to the increased investor confidence, according to figures shared by Albawaba News.
"The introduction and adoption of International Standards and regulations are absolutely critical to the development of the market in the Middle East,” said Robert Jackson, RICS Regional Director.
Jackson believes that the consistent valuation of construction projects and real estate to be a catalyst for developing internationally competitive real estate markets in this region. "As the Abu Dhabi economy diversifies and real estate becomes an increasingly important component of that diversification, transparency, standards, regulations and robust but fair dispute resolution provide investors and corporate occupiers and end-users confidence in the market. Standards mitigate risk of delays and disputes and help drive efficiency into the sector," Jackson concluded.
By Decypha Editorial Team
