Abu Dhabi real estate gaining popularity among global HNWIs: Knight Frank

Abu Dhabi real estate gaining popularity among global HNWIs: Knight Frank

Global property consultancy Knight Frank’s report has revealed that Abu Dhabi has emerged as the second most popular real estate investment destination for global high-net-worth individuals (HNWIs) behind According to the report’s findings, 21 per cent of the respondents identified the UAE’s capital as their most preferred property acquisition destination in the UAE. Dubai topped the list (with 67 per cent of HNWIs preferring the emirate) and Ras Al Khaimah rated third (with 5 per cent selecting the northern emirate). Faisal Durrani, head of Middle East Research, Knight Frank, says: “Abu Dhabi as a destination has been slowly rising in global prominence, particularly as large-scale cultural and entertainment projects such as the Louvre, Qasr Al Wattan, Ferrari World, Sea World and the Warner Bros Theme Park start to capture the attention of global travellers. And it’s paying off, with 45 per cent of global HNWIs indicating that the emirate’s development plans are positively influencing their view of the emirate as an investment destination. “Moving further up the wealth spectrum reveals that those with a net worth in excess of $10m view Abu Dhabi even more favourably as a result, with 57 per cent of this cohort keen on investing in