The UAE’s residency visa reforms drive Indians to buy residential properties in Dubai

  • Date: 13-Apr-2021
  • Source: Arabian Business
  • Sector:Real Estate
  • Country:UAE
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The UAE’s residency visa reforms drive Indians to buy residential properties in Dubai

Dubai is seeing a rush of cash-rich Indians exploring buying properties in the city on the back of the UAE government's recent offer for long-term residency visas for several categories of expats, according to real estate consultants and prominent Indian expats.

The uptick has primarily stemmed from Indians residing in their home country who want to evaluate options to be a resident of UAE by investing in real estate.

The plan focuses on using available spaces within the limits of the current city and concentrates on development within existing urban areas

Property consultants said they've seen a shift in demand from compact residences to those having that extra half room in the wake of the work-from-home culture.

“We have seen an increase in the number of enquiries from Indian customers in the recent weeks and months looking for buying residential properties in Dubai,” Shajai Jacob, CEO - GCC, Anarock Property Consultant, told Arabian Business.

“The demand has mainly come from the affluent business class in India who are looking to make UAE their second home,” Jacob added.

The UAE government has announced a slew of policy decisions since late last year which included moves to issue 10-year residency visas, remote working and longer-term stay options for