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Permanent Residency to Boost Foreign Investment in UAE Real Estate

Admin January 20, 2020

Permanent Residency to Boost Foreign Investment in UAE Real Estate

The UAE is recently move to grant Permanent residency (PR) to wealthy investors and entrepreneurs to boost the property market. In the first round of application, almost 6800 people have been granted PR and a golden Card. The estimated investment worth from these residents collectively about AED 100 billion. Currently, the short term visa from employment section is holding back the expats in investing and owning real estate property in the UAE.  Mostly, they prefer to send money to their home countries. This permanent residency can change this system and mindset. And all the expats will look forward to the long term investment in the land of UAE. This will achieve the long term investment goal including owning a property.  UAE already offering a long term visa for investors, entrepreneurs and researchers for 5 to 10 years without need of a local sponsor. A minimum investment of AED 5 Million […]

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