W Capital: Real estate recovery boosted by Golden Visa

W Capital: Real estate recovery boosted by Golden Visa

Dubai, United Arab Emirates: "W Capital", the real estate brokerage believe that the Emirate of Dubai has set a foot in the global citizenship market and is attracting a large share of investors and foreigners aspiring to search for an alternative homeland and a safe place to live and work, which is reflected in the recovery of the real estate sector.

" Dubai has provided all the ingredients for success on the economic level in all its sectors, especially real estate and tourism", said Walid Al Zarooni, W CEO.

Al Zarooni pointed out that a foreign individual can obtain a Golden Visa by purchasing a property worth more than Dhs2 million ($545,000), adding that obtaining residency allows the beneficiary to enjoy the advantages offered by the real estate market in Dubai, including the high investment return compared to other markets, as well as Real estate is not subject to value added tax.

The CEO stressed that Dubai provides an integrated infrastructure in addition to rules that preserve the rights of everyone without discrimination. He pointed out that the Golden Visa made the dream of living in Dubai easy for many foreigners.

He revealed that the buyer can buy the property on the map in