ADREC Achieves Big Success in Dispute Resolution with 1,553 Cases Settled in H1 2024

The Abu Dhabi Real Estate Centre (ADREC), the regulatory authority for Abu Dhabi's real estate sector, has announced that its Real Estate Dispute Settlement Centre resolved 1,553 real estate disputes in the first half of 2024.

The achievement highlights the Centre’s efficiency and dedication to maintaining stability in Abu Dhabi's real estate market.

During this period, the Centre successfully mediated 1,553 of the 1,654 disputes recorded, reaching an impressive completion rate of 94 per cent.

This accomplishment was supported by 4,692 mediation sessions, underscoring the Centre’s commitment to effective and timely dispute resolution.

Significantly, 28 per cent of these disputes were resolved amicably, with a total value exceeding Dh1.54 billion. This focus on amicable resolutions not only enhances the dispute resolution process but also contributes positively to the growth of Abu Dhabi’s real estate market.

“Our results in the first half of 2024 reflect our strategic vision in action,” said Rashed Al Omaira, Acting Director-General of ADREC.

“We are dedicated to resolving disputes while fostering a transparent and trustworthy real estate market. By prioritizing amicable settlements, we are strengthening resilience and creating a more investor-friendly environment in Abu Dhabi,” he added.

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