Demand for UAE Golden Visa among European Property Investors
Real estate investors from Europe are increasingly investing in Dubai for Golden Visa, providing investors with a venture for a 10-year residency. The report reveals that property investors from the UK, France, Germany, and Switzerland are rushing into Dubai due to its tax-free status.
In addition, expats are also provided security and luxury living within UAE while potential ROI intensifies the investment. Dubai has altered policies, incorporating the 10-year residency program; the city is now booming with intellectual investors and employees.
Policy-makers have made experts, scientists, business owners, and real estate investors eligible for the Golden Visa. Witnessing 52% growth in the issuance of Golden Visas at the beginning of 2023 proves a stabilized status of Dubai’s property market. However, the rate was comparatively lower in the previous year as per the report of GDRFA Dubai.
Luxury Property Projects in Dubai
Dubai has seen a significant rise in ultra-luxury property project investment right after the introduction of Golden Visas. The influx of high-net-worth individuals to Dubai has increased the demand for deluxe projects.
Almost all the real estate projects have been successful in Dubai. This is due to their provision of safe and eco-friendly spaces, proximity to standardized education, as well as sophisticated lifestyle.
Moreover, most real estate investors in 2023 came from Turkey, Italy, UK, France, and Russia. Thus, the rise in Dubai’s property market is a demonstrated result.
Potential ROI from Dubai’s Property Sector
Dubai offers remarkable projects, enlarging the real estate market boasting potential returns and investment escalation. However, some external factors have made property investors deviate from Europe; instead, attracting investors toward Dubai.
Additionally, the advanced infrastructure, safe environment, and wide property options have contributed significantly to Dubai’s economic stability. Therefore, Dubai tops in the property sector as it appears to be the safest option for buyers in the contemporary period.
Return on property purchase in Dubai is comparatively higher than in other cities like Monaco, Berlin London, and New York.
Moreover, the launch of Golden Visas coupled with broadened investment options has increased the attraction among investors. Most of the property projects are now offering ownership to freeholders, opening gates among foreigners for flexible investment.
Dubai – A Place for Property Developers
Dubai, on one side, is flocked with investors while on the other side has witnessed growth in property developers. With the seamless expansion of ultra-luxury projects, international property developers are now switching to Dubai to gain high profits.
Property Developers in Dubai are now providing installment plans to buyers to cash healthy returns. Further, the competition has been continuously heating up as more developers arrive in Dubai.
