RAK Properties’ Managing Director, Mohammed Sultan Al Qadi, says: RAK Properties welcomes UAE Cabinet decision that allows 100 per cent ownership to foreign investors and professionals along with a long-term entry visa for up to 10 years.
“We believe that this decision will benefit the real estate market in the UAE as the country will witness a significant increase in population which will require more housing units. It also compliments UAE’ position as one of the preferred destinations and a place of interest to creators and talent from all over the world who work and live in harmony.
“I would say this is a step forward in the right direction that will not only boost the confidence of residing investors but also lure non-resident investors to consider the UAE market as their dream destination and safe haven for investment.”
“The 10-year visa for professionals shall also attract highly qualified professionals and their families worldwide. The 5-year residency visa for students studying in the UAE and 10-year visa for exceptional students will also attract more millennials to the country.”
