The establishment of a new organization tasked with boosting real estate sales in the emirate, Abu Dhabi’s real estate market will experience growth.
The Abu Dhabi Real Estate Centre (ADREC), an initiative by the Department of Municipalities and Transport (DMT) to boost the emirate’s real estate industry, has officially opened.
Through a comprehensive regulatory framework designed to further enhance real estate efficiency and strengthen oversight, as well as to increase transparency and support for residents, investors, real estate companies, and professionals, the new center will unify and strengthen the Abu Dhabi real estate sector.
In order to guarantee that projects are completed with a high standard of living, the center will also supervise real estate development initiatives and collaborate with developers.
In an effort to boost the Abu Dhabi real estate market and draw in more investment, it will also actively participate in real estate conferences and events both domestically and abroad.
With ADREC, we embark on a journey of innovation, transparency, and empowerment,” stated Mohamed Ali Al Shorafa, Chairman of DMT. Our goal is to improve the standard of living for all citizens and investors in the emirate, in addition to expanding the real estate market.
The mission statement of ADREC restates our steadfast dedication to securing a more vibrant real estate market in Abu Dhabi that continues to draw in investors from across the globe with our flourishing communities.
An important turning point in the growth of the emirate’s real estate industry has been reached with the launch of ADREC.
By emphasizing openness, creativity, and teamwork, its all-encompassing approach seeks to boost Abu Dhabi’s distinct market value and position the city as a desirable travel destination for travelers, real estate developers, citizens, and investors.
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