According To A Real Estate Developer, The 10-Year Golden Visa Is A Major Draw For Indians.

Bollywood stars are among the foreign real estate investors who continue to find Dubai to be very alluring. As some of them have already made the emirate their first home. Since the emergence of the 10-year Golden Visa for an investment of Dh2 million. Indian investors are becoming more interested in the emirate. About 60% of the investors in our most recent Opalz project that also sold out on the first day are from abroad. This is a result of the public’s trust and confidence in Dubai and our project. People seek refuge in Dubai during times of economic or political crisis. Because it is a safe haven, according to Rizwan Sajan, founder, and chairman of the Danube Group.

“Many Bollywood actors want to hhttps://www.binayah.com/. Because of the city’s rapid growth and the fact that prices there will not stay the same forever. They will undoubtedly rise, Sajan predicted. The most recent Indian celebrity to invest in Dubai’s real estate market is comedian Kiku Sharda. That invested in Danube’s Opalz project. However, because of the emirate’s proximity to India and the top-notch connectivity. It offers to other cities around the world, and many A-list Bollywood celebrities have already invested heavily in expensive properties there.

Sajan continued by saying that, when compared to international markets, real estate prices in the emirate are still significantly lower. Dubai is attracting a sizable influx of high-net-worth individual wealth, according to Prathyusha Gurrapu, from a real estate advisory and consultancy. This is demonstrated by the sharp increase in high-ticket price transactions. In the secondary and off-plan markets, Dubai has experienced the highest number of sales above Dh 100 million. With 16 transactions, so far this year compared to just five in 2021.

Core reported that the third quarter saw sales prices continue to rise as the apartment market saw a significant increase driven by Business Bay, Downtown, and DIFC. The Palm Jumeirah was in first place in the villa market.

The top investors for a Golden Visa, according to Sajan, are people from India.
“This trend of foreigners predominating the list of local property buyers is pervasive,” “He stated.
“It used to be that more locals were [buying real estate], but lately, we’ve seen a lot of foreign investments made in our projects. This is because, like other developers, we are concentrating on attracting foreign investors by holding roadshows.