Dubai has been witnessing an unparalleled demand for residential real estate from Indian investors. The reason why the demand is so high from homebuyers from India is that Dubai is one of the few global safe havens and it offers real estate at comparatively lower prices. The improved regulations for foreign investors and residency schemes have also added more feathers to its attractiveness cap.
Apart from its proximity to India, the low property prices in Dubai make for an attractive investment for Indian investors. This coupled with favorable government policies and the UAE’s new liberalized visa rules and residence scheme have altogether made Dubai the first choice for wealthy HNI real estate investors.
Rizwan Sajan, Founder, and Chairman, Danube Group said, “For the Indian investors, Dubai has always been a destination to reap rich rewards. Currently, as the supply is highly regulated, the fast-increasing demand will keep the prices of the property on a high growth trajectory. Already the property prices in Dubai have started sharply moving north due to fast increasing demand for the properties post-pandemic. The liberalized visa rules and the promise of unmatched global lifestyle, further present a highly promising opportunity for Indian investors, making it a preferred choice for them.”
The new system for residence visas and entry permits provides customized benefits to every category including a 10-year Golden Visa for investors and skilled employees. The jobseekers are benefitted the most from the five-year multi-entry tourist visa that allows them to enter the country several times in a calendar year or stay for 90 days continuously and then extend it for another 90 days.
The Green visa holder skilled self-employed and freelancers have been further provided five-year residency instead of the earlier two years. Both these long-term visas of 5 and 10 years present a good opportunity for Indian investors, professionals, and specialists in various medical, research, and technical fields to invest in the luxury properties available in the city.
In comparison to its global counterparts like Shanghai, Singapore, London, or Mumbai, Dubai offers high rental yields of 6-10%. Moreover, the Dubai real estate market is highly regulated. As the developers are accountable to a strict Real Estate Regulation Authority, the investors are protected in this far more transparent and compliance-oriented market.