UAE: Golden visa driving foreign investment in Dubai real estate sector

UAE: Golden visa driving foreign investment in Dubai real estate sector

The 10-year residency program, Golden Visa, has generated strong interest among foreign investors to buy property in Dubai, which has emerged as one of the most popular investment destinations in the world.

Zoom Property Insights said Dubai is expected to attract a significant share of the global citizenship-by-investment market, which is expected to grow five times to $100 billion by 2025. The emirate has introduced visa reforms at a suitable time and will attract significant investment in the property sector through golden and silver visas.

The recent relaxations in the investor visa regulations have also helped the cause as it has resulted in higher investment in Dubai from investors belonging to different countries, with Indians leading the pack. Some of the leading real estate developers are now offering Golden Visa to those who are willing to invest no less than Dh2 million in Dubai's property sector.

Indians, in particular, have shown keen interest in the emirate’s rising popular market due to the golden visa, along with Dubai’s strong economy, infrastructure, expatriate-friendly policies, and safe environment, according to the Zoom Property Insights.

Ata Shobeiry, CEO at Zoom Property, believes the perks of the golden visa have proven to be a catalyst in bringing foreign investment