MCRE sees 70% of its June transactions for Abu Dhabi property come from international customers

Abu Dhabi: Metropolitan Capital Real Estate (MCRE), part of the Metropolitan Group, witnessed a significant increase in business from international clients with 70% of its June transactions coming from international customers.

Investors showing the most interest in Abu Dhabi real estate are business owners and senior executives from the CIS region and western European countries such as Germany, France, Italy, Austria and Switzerland. Al Reem Island, Khalifa City and Al Raha Beach remain popular locations and account for 80% of MCRE’s sales.

Earlier in the year, Aldar launched the world’s first museum branded development, Louvre Residences Abu Dhabi, and it sold out in days. Over the past four months, MCRE saw a 50% increase in international buyers versus the same period in 2021. MCRE has also seen a marked increase in interest from Australian investors.