This visa scheme has been warmly welcomed by high net worth individuals (HNWI), especially property buyers in UAE’s showpiece city of Dubai. With the length of the visa being a 10-year renewable residency, the program has become a game changer for many international investors especially those who wanted to be more efficient in terms of…
Real estate industry in Dubai remains buoyant and remains a major growth area for investment and development within the region. An excellent example of this tendency is Vision Developments which is an Emirati company that, just recently, declared its intents to invest AED 3 bln in the real estate of Dubai within years. This strategic…
The emirate of Dubai is widely known for its highly active and attractive real estate market for investors both from within the country and outside the country. Thus, buying a property in the first place is not a problem, and if foreigners need a mortgage – they can easily get it in Dubai according to…
According to reports, there are signals of significant increase in the ‘millionaires moving to Dubai’, ‘UK millionaires moving to UAE’ will remain a trend in the coming future because of the good living conditions, good economy and luxurious life style. From the Henley Private Wealth Migration Report, a record high of 9,500 millionaires left the…
The UAE Ministry of Finance has introduced new measures that provide tax relief for the Real Estate Investment Trusts (REITs), to enhance the real estate sector’s investment appeal. This new regime under the UAE federal law spells out certain conditions by which REITs may be exempted from corporate tax, for those established in the UAE…
