UAE golden visa boosts foreign investment in Dubai, reveals insights from Zoom Property

The recent relaxation of investor visa regulations has also helped this cause as it has led to an increase in investment in Dubai by investors from different countries, with Indians leading the way. Some leading property developers are now offering golden visas to those willing to invest not less than Dh2 million in the Dubai real estate sector.

According to Zoom Property Insights, Indians in particular are showing strong interest in the UAE’s growing and popular market due to the golden visa, as well as Dubai’s strong economy, infrastructure, expat friendly policies and security environment.

Ata Shobiry, Chief Executive Officer zoom propertybelieve the benefits of the Golden Visa have proven to be a catalyst for attracting foreign investment to Dubai.

“The UAE Golden Visa brings some benefits. The fact that it is a self-paying visa with no restrictions on entering or leaving the area is feasible for real estate investors. I believe that with the relaxation of regulations, there will be There are more people getting this visa and getting involved in the Dubai real estate market,” he said.

Since its first launch in 2019, the UAE Golden Visa has now been issued to more than 65,000 individuals belonging to various industries such as entrepreneurship, science and healthcare.

The Dubai real estate industry is now considered the world’s largest offshore investment market, with $146 billion in foreign wealth. This has doubled the size of the London property market relative to the wealth invested by foreigners.

Indians topped the list of top home buyers in Dubai, followed by British, Italian and Russian nationals. According to Zoom Property Insights, investors from France, Canada, UAE, Pakistan and Egypt are also investing heavily in the Dubai property market.

“Dubai’s real estate market has seen a steady influx of HNWIs and multi-millionaires from different regions. As more and more investors enter the market, the impact will extend beyond the real estate sector, with tourism, commerce and hospitality set to gain Maximum benefit,” Shobeiry said.