Demand for real estate increases threefold following new UAE visa regulations

Demand for real estate increases threefold following new UAE visa regulations

Dubai aims to increase its population from 3.5 million in 2022 to 5.8 million by 2040. This creates even further demand for residential, commercial and hospitality properties.

The new rules represent a major revamp of the UAE visa residency system, easing the eligibility criteria for long-term visas, including Golden Visa, Green Residency, and long-term entry permits for investors, entrepreneurs, professionals, jobseekers, students and tourists.

In light of the new visa regulations, owning properties worth AED 2 million allows an investor to obtain the Golden Residence. There are no restrictions as to whether the properties owned should be mortgaged to a local bank or paid in full, ready or off-plan.

Hailing from India, Shubhojeet Das commented: “As a Dubai-based investor, I am delighted to be able to extend long-term visas to my first-degree relatives. This makes the UAE a truly second home for me and my family.”

Axel Burton who is from the UK and lives in Dubai, said: “Investing in real estate makes more sense to me now. The visa benefits are encouraging.”

Another Dubai resident from Egypt, Ahmed Hassanw, said: “I see many perks in the new visa rules, but the main benefit for me as a professional is the Green Visa that offers