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European Interest in the UAE's Golden Visa Program Is Growing

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European Interest in the UAE's Golden Visa Program Is Growing
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According to EU Helpers, real estate executives told Khaleej Times that investors from Switzerland, Germany, France, and the United Kingdom have expressed interest in the ten-year residency scheme.

Furthermore, investors from Turkey, France, Italy, Russia, and the United Kingdom were among the top 10 buyers of real estate in the United Arab Emirates in 2023, according to BetterHomes.

Through the residence by investment program, foreigners can get residency in nations that provide these kinds of programs.

The UAE recently decided to do away with the Residency by Investment scheme's one million dirham (about Rs 2,26,31,327) minimum down payment requirement. This decision has also drawn interest in the program from nationals of several other nations.

According to local media sources, the new regulations may result in more construction projects, more jobs, and a greater uptick in the real estate market's economy.

Additionally, local media reports suggest that this could attract new investors and boost the confidence of current ones, keeping the UAE real estate market robust and steady.

In comparison to the same period last year, Dubai has seen a total 52% increase in the number of golden visas given in the first half of this year, according to the General Directorate of Residency and Foreigners Affairs (GDRFA).

The United Arab Emirates' Golden Visa Scheme was introduced by the government to increase the number of foreign visitors to the nation and provide them with the option to become residents by making financial investments in the region.

The program quickly rose to prominence as one of the most important in the Middle East and North Africa.

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