Real Estate Investments in the UAE to Get a Boost as Government Extends Visa for 10 Years

By : 360 Realtors

01 August, 2018

Foreign investments in the UAE are likely to get a boost, particularly in the real estate sector. Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai has announced certain important changes in the residency programme of the country. According to these changes, the specialists in arenas like engineering, science, medicine and technology will be able to secure visas up to 10 years in the country. He has also introduced the scope for exceptional students to reside in the country for studying. They too, will be able to get visas in the country for ten years. In case you are interested in NRI properties, you can have a look at the leading real estate sites and choose the home.

 This is a good move from the President, as it will increase the foreign investment in real estate sector. Foreign investors in the country will also get visas for 10 years of residency in the UAE. At the same time, they will be able to enjoy 100% ownership of the businesses. This is a welcome move from the government of the country, as it will strengthen business and investments. In recent years, investors from various parts of the world are moving to the UAE. Businessmen from India, too, are residing in the country for business and employment purposes. If you are looking for luxury real estate for sale, get across to the online real estate portals and have a look at the upcoming projects. You have a number of options to choose from in these portals. A number of Indians residing in the UAE look out for NRI properties in India. They reside in these homes after retirement, back in their own country. You can go through the real estate portals to find suitable property in India. A number of luxurious projects are coming up in the key cities in the country. You can get your home here and enjoy your post-retirement life in India. Have a look at the NRI property in india and make your investments. You can buy luxurious properties in India and enjoy your housing aspirations.

The decision to change the residential norms in the UAE has evoked positive reactions from various departments. Experts reveal that it is a landmark move, as the new system of visa will attract investors and business minds to the UAE. This will further strengthen the economic position in the country. The new law will allow the untapped potential for international investments to flow into the country. Particularly, the real estate sector looks promising, as a large number of homebuyers are buying luxurious properties in the UAE. This is likely to turn the country into a business hub for investors, and the economy will prosper in the years to come. You may be interested in buying a home in India, if you are presently residing in the UAE. Have a look at online real estate india and buy your dream home.  UAE has got a good infrastructure for business. The move is likely to attract investors, particularly in the real estate industry.