GOVERNMENT SCHEME TO SUPPORT REAL ESTATE SALES

In recent months, United Arab Emirates government has introduced multiple new schemes to make home possession more appealing for foreigners. For example, 5-year visa is being provided to those who invest AED 5 million in real estate and 10 year visa is being provided to those who invest AED 10 million in UAE. Moreover, foreigners with the age of 55 can get a 5-year retirement visa if they invest AED 2 million in real estate.

Moreover, new schemes are being introduced by real estate dealers to incentivize house possession. For example, business trade license is offered by one developer upon purchasing of real estate in a particular community, also rent-to-own schemes are being offered by some dealers to eliminate the need for a down payment.alberto guardiani scarpe
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