The Abu Dhabi Real Estate Centre (Adrec), the custodian and regulator of Abu Dhabi's real estate sector, has announced significant success for its Real Estate Dispute Settlement Centre in the first half of 2024. The centre mediated 1,553 real estate disputes.

During this period, it resolved 1,553 out of 1,654 recorded disputes, achieving a completion rate of 94%. This success was facilitated through 4,692 mediation sessions.

In a testament to its approach, 28% of these disputes, valued at over AED1.54 billion, were concluded amicably, highlighting a strong commitment to peaceful and cooperative resolution methods.

This emphasis on amicable solutions not only improves the dispute resolution experience but also significantly contributes to the overall growth of Abu Dhabi's real estate market.

"The success we’ve witnessed in the first half of 2024 reflects our strategic vision in action,” said Rashed Al Omaira, Acting Director General at Adrec.

“Our focus is on resolving disputes and simultaneously building a transparent and trustworthy real estate market. By prioritising amicable settlements, we are enhancing resilience and fostering an investor-friendly environment in Abu Dhabi.” – TradeArabia News Service