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Indosuez finds UAE capital tops the list of world’s largest real estate investors.
Sovereign Wealth Fund, Abu Dhabi Investment Authority (ADIA) has topped the list of the world’s biggest real estate investors with assets exceeding USD 62 billion.
According to a research note published by Indosuez Wealth Management and IPE Real Assets, ADIA is the world’s largest real estate investor with real estate investments making 7.5% of AIDA’s total assets under management.
Making up the top ten largest real estate investors from around the world are various European and North American pension funds.
According to IPE Real Assets, institutional investors have been increasing their portfolio allocation to alternative investments including real estate and real estate assets have helped provide diversification.
Meanwhile in Abu Dhabi last month, His highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces and Chairman of the Abu Dhabi Executive Council, approved a AED 50 billion economic stimulus package for the capital in June aimed at accelerating economic growth.
Ten new economic initiatives have been launched to improve the ease of doing business in Abu Dhabi and enhance the work experience for UAE nationals, residents and investors. The plan will comprise a set of initiatives, covering infrastructure and legislative projects, as well as SMEs, and industrial and social projects.
Reducing associated costs, and implementing the necessary procedures to facilitate commercial and investment activities in all fields are among the initiatives. This includes exempting all new licenses from the requirement of having an office or a workspace in the Emirate for two years, permitting permanent home licenses, and implementing instant licensing systems in most commercial license types and all services provided by the government.
Another initiative will look at the review of building regulations for the infrastructure, residential properties, commercial and industrial sectors, which would help reduce the costs for citizens, residents, and investors, and support the urban development of Abu Dhabi.