New Delhi, 8 July (IANS). Officials of the United Arab Emirates (UAE) have made it clear that the Golden Visa is a government scheme, which is approved under the fixed rules and the investigation process itself. An official statement said that the UAE government takes the final decision, whether applied directly or through an authorized agent.
According to the statement, “The UAE government can give golden visas on several grounds, including real estate investment up to 2 million Dirham, business ownership and specific contribution in areas such as science, medicine, art, culture, media and sports. However, although it is not only limited but not limited to these.”
Recently, some real estate companies had spread confusion that any Indian citizen can get a golden visa by buying a property by paying only a fee. The government has now made it clear that this eligibility is not automated. Government investigation and approval is necessary for this.
According to Akash Puri, international director of India Sothabi International Realty, this change will have a double impact on Indian real estate investors. Earlier people used to invest in property only for long -term residency. Therefore, Indian investors used to show interest in keeping money safe and to get the benefits of living there. But now it is no longer necessary.
According to Puri, “Now when the visa is getting easily easily in other ways, the haste to invest only is likely to be reduced- especially in moderate and early levels. This can reduce unnecessary purchases and people will invest wisely.”
However, very rich people (Ultra-HNWI) would still prefer to buy expensive and special properties, as they will not have much impact of new job-centric rules.
Puri said, “Indian investors should now invest in view of the real value and long -term profit of the property instead of the residency. This will make the UAE’s real estate market more stable and reliable.”
Puri insisted that it is a sign for Indian investors to change their strategy. Indian investors should now invest keeping in mind the actual value and long -term profit of the property rather than the residency. Over time, this change can create a more stable and strong real estate market, where instead of short time benefits will benefit from thoughtful investment for long periods. “
UAE Golden Visa This is a long -term habitat visa, allowing visa holders to live, work or study. Many times there is no need for commuting, no sponsor and relaxation to keep family and domestic workers together.
-IANS
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