Invest in these communities to secure long-term visa in Dubai

 

The UAE rolled out new visa schemes last year to spur property demand from investors and encourage residents to build a property investment portfolio.

According to the new regulations initiated by the government last year, investors can get a five-year residence visa when they invest at least AED 5 million in property. The ruling applies to both secondary and new properties that are above AED 5 million and AED 10 million. Investments worth that much get a 10-year visa.

In order to do so and secure a long-term visa and better returns on their investment, property investors can invest in more than 40 communities across the UAE, largely in Dubai.

Most foreigners prefer and tend to invest in residential properties, though real estate experts suggest commercial properties also offers strong returns.

The top investors in Dubai are Indians, Pakistanis and Britons are benefiting from the long-term visa through property investment. So in other words, non-GCC nationals and foreign expats are able to buy or invest in areas in Dubai worth AED 5 million or above.

The leading communities in Dubai that are worth AED 5 million in investments are namely from villa properties to luxury apartments in Dubai, such as Arabian Ranches, Emaar Beachfront, Palm Jumeirah, Dubai Creek Beach, and Dubai Hills Estate. City Walk, Bluewaters Island and Dubai Creek Harbour projects in prime areas are also included among those communities that can get investors 5-year residency visas. 

The UAE's long-term visa strategy has reinforced confidence among foreigners and has given a greater feeling of permanence, which allows them to freely plan their mid-to long-term future within the country.

To find out more information, you can contact our top real estate agents in Dubai to help guide on the right path to a better home.



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