Recently UAE offered long term citizenship to people, there was an offer that if you invest a certain amount in the property then you can have a long term visa for UAE. The property you are investing in has to be at least of DH5 million value. To know more about the long term citizenship you can follow along with our blog long term citizenship of UAE. Anyways, here is where you can invest in if you want to get long term citizenship of UEA.
Currently, UAE is offering lots of opportunities to people and especially foreigners. If you are a person or group of people who are looking forward to investing in real estate or property in UAE to get the long term residence then this article is for you. By investing in the property you can secure the long term residence. There are more than 40 communities across the country where you can invest in. the main attraction in Dubai, and there is a reason behind that. Over some past years, Dubai is the most developed place and there are lots of attractions, business points, and other things in Dubai.
It is likely that most of the people will invest in residential property as it is the one that will give you more benefit and is secure to invest in. the return possibly is better in this one. However, real estate expert agents suggest that you should also invest in commercial properties. As they are also strong and the returns there could be good too. The offer is that you invest in a property and can have a long term residence of 5 years that can be renewed too. However, there are some conditions to it too. The property that you are going to invest in should be of DH5 million worth, at least. This also applies to properties that are new and secondary.
In addition to the rule that you have to invest in the property of some specific value, there is another one. The investments should be only in cash, as of now, these might change in the future. If you want the long term residence this one has to be fulfilled. The International City that is a place of higher yield area and offers bulk residence has some investment plans and options. The categories are of 5million and above investment, areas said Manika Dhama, head of Strategic Consulting and Research at Cavendish Maxwell. She added that the major share of the investors is going to be Pakistanis, Indians, and Britons. These would be the top ones on the list, not in specific order though, seeking to avail the long term residence. This is because the majority of investments in the UAE are from Pakistan, India, Britain, and Saudi Arabia.
There are some more communities or groups here that offer you such investments opportunities to get the long term visa and residence. For instance, Ras Al Khaimah has such investment plans.
There are about 30 communities in the UAE where you can invest in the property of DH5 million and more. Investing in these communities can get you long term residence and visa. This is according to the Cavendish Maxwell that is property consultants and surveyors. They are an independent firm whose focus is on property services and estimates of residential property. Among the top communities and place some of the top listed ones are as follows:
Other than these the names like World Islands, Dubai Sports City, The Villa, Jumeirah Beach Residence, Jumeirah Gold Estates, Meydan City, Motor City, Palm Jumeirah, Dubai Creek Harbour, Jumeirah Islands, and Bay Island are also worth mentioning and investing in. these are also the places where you can invest in and get a step closer to your long term residence in UAE.
Bottom line the most of properties, like residential properties where you could invest in are mostly the Villas type like luxury apartments. There is no shortage of places and properties where you can invest. Some luxury and prime apartments are also above the price of DH 5million too at Saadiyat Island, Yas Island and Al Raha Beach. This way there would be a feeling of permanency and belonging for the expatriates. If you are buying a home or apartment to live in then you would also need some home appliances too. Check out the best home appliances here!
The head of research at Knight Frank, Mr. Taimur Khan said, most of the places where you can invest in UAE for DH5 million and above are mostly villa properties. The locations like Saadiyat, Nurai, Al Reem Island, Marina Village, and Al Raha Gold Gardens have a number of luxury apartments to invest in. there are some other communities too, for instance, Emirates Hills, Al Zeina, Al Manara, Al Bandar. Currently, there are 5,500 properties that are valued over Dh5 million in UAE and where you can invest right now. This investment could be your long term and future plan to live a better life in Emirates.