Leveraging the UAE’s real estate market for more foreign investment

A well-established reputation as a top real estate investment destination is a strong invitation for more investment opportunities

hamid shabir khawaja

Leveraging the UAE’s real estate market for more foreign investment

 

The UAE’s real estate market has become the perfect overseas investment destination over the years, while numbers and statistics show that this will continue to achieve impressive growth.

The emirate of Dubai, for instance, managed to maintain its position as one of the top three property investment destinations globally in 2020. In order to nurture this growth, it is equally important to maintain a good relationship with foreign investors, while attracting new prospects.

Sustaining the established dynamics with investors can be through various efforts, such as offering longer and flexible payment terms and engaging with them in exhibitions and events.

UAE Flag

The UAE is one of the emerging countries globally in terms of economic stability and is strategically positioning to drive economic growth.

 

The UAE’s impressive infrastructure, which includes skyscraper buildings for business and tourism, the accessibility of world-class hospitals, schools, and other necessities, as well as top-of-the-line transportation systems, contribute to the huge influx of premium investors in the country.

The UAE ranks as the 4th safest country in the world according to Gailup Law and Order Index 2020, and this is also one of the major considerations for investors and buyers before entering a property deal. Through government regulations, proper implementation, and discipline, the country has maintained high-security standards over the years, ensuring the safety of citizens as well as visitors.

The business attractiveness of the country is also attributing to its flexible regulations on foreign ownership. Recent amendments on foreign ownership in the UAE open more opportunities for both existing and potential foreign investors. In addition to this, the recent changes in the county’s visa regulations also attract more foreigners. One of the factors is that you can obtain a residency visa for three years if you invest AED750,000 in real estate. Also, the Green Visa, for example, is beneficial for investors as they do not need sponsorship to work and invest in the country.

In the years to come, we will continue to witness the growth of foreign investment as the country consolidates efforts focused on infrastructure, economic diversification, business-friendly regulations, and the development of smart cities.

To attract more investments, it is also important to maintain strategic partnerships with foreign investors. After all, a well-established reputation as a top real estate investment destination is a strong invitation for more investment opportunities.

News Source: https://www.arabianbusiness.com/comment/469195-leveraging-the-uaes-real-estate-market-for-more-foreign-investment

Hamid Shabir Khawaja, chief commercial director and co-founder of Footprint Real Estate.

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