The UAE government has recently come through with an updated Golden Visa scheme, the changes imply that it has no become significantly easier for investors to attain a Golden Visa. The prestigious visa is a long-term visa lasting for up to 10 years and can be further extended if the conditions are met.
Expats are welcomed very graciously here in Dubai and these new changes have only made it better for them to come settle down in Dubai. The city is widely regarded as a magnificent holiday destination due to its top end resort collection, luxurious lifestyle, and wide range of activities for people of all ages and interests. Guests visit to get a taste of what it would feel like to live a lavish lifestyle without any of the burdens they have to experience in other parts of the world.
Dubai is absolutely free of income tax; residents do not need pay irrespective of whether they work in an organisation or own their own business. In addition, Dubai has a very low crime rate and is a leader in terms of maintaining a very low crime rate. Moreover, Dubai is a host for quality education institutions for different curriculums all over the world. Over 20+ new universities are aiming to open their campuses out here in the UAE, with technology, healthcare and engineering being the main target sectors. These are all reasons for why Dubai is an ideal destination for families to come and settle.
In terms of the future, Dubai is already taking large strides towards becoming the best city in the world to live in. The quality of living in the metropolis is of a very high standard. The luxuries that one can enjoy are simply unmatched at any other destination in the world. Having introduced some of the biggest malls in the world, it is a shopping hub, the biggest brands from all over the world can be found in the malls. Furthermore, Dubai has the widest range of leisure activities any city can offer, from quad biking in the desert, jet skiing in the ocean and snowboarding in the indoor ski slope, Dubai has got it all. To further add, major influencer and celebrities have decided it is in their best interest to become a part of the city’s growing population and start their new life here.
The booming real estate sector makes it a very enticing destinations for investors to come from various parts of the world, the Golden Visa scheme has only given them more of a reason to widen their horizon. Statistics indicate that 80,000 new residents are welcomed to Dubai yearly however, Dubai’s capacity to produce homes is currently at 25,000 only. For those who may think that Dubai’s real estate market may be struggling, they are hugely mistaken. The real estate marking is booming and will continue to do so in the years to come. Investments made now could become hugely beneficial in the years to come. Those who can see the success ahead will act quickly and efficiently by moving so they are able to reap the benefits before the city has started thriving and peaked.