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Thu 30 May 2019 11:39 AM

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Investors in Dubai's Heart of Europe to qualify for Moldovan passports

The passports will allow visa-free travel in the Schengen zone and 121 countries around the world

Investors in Dubai's Heart of Europe to qualify for Moldovan passports
Since the end of December, Kleindienst said it has sold 100 percent of phase one including Sweden Island, Germany Island, St Petersburg Island and over 80 Floating Seahorse Villas.

Investors who buy property worth more than AED 5 million in UAE developer Kleindienst Group’s Heart of Europe project this summer will automatically qualify for Moldovan citizenship, the company announced on Wednesday.

With a Moldovan citizenship, investors would be able to travel visa-free across the Schengen area and 121 countries around the world.

“Surpassing client expectations through every element in our offering is an essential part of our approach,” group founder and chairman Josef Kleindienst said. “We understand the need for creating outstanding value that surpasses high-quality structures and innovative builds.”

“With the demand for nationality by investment growing globally, especially amongst residents in the Middle East and Asia who are looking for more stability and security than their current passports offer, we found this element to be of great value to our investors, and have already started receiving very positive feedback from our clients,” he added.

In April, Kleindienst Group announced a record sales quarter of over AED345 million ($93.9 million) for its freehold second homes.

This represents a 69 percent year on year increase compared to Q1 2018, the developer said in a statement.

Since the end of December, Kleindienst said it has sold 100 percent of phase one including Sweden Island, Germany Island, St Petersburg Island and over 80 Floating Seahorse Villas.

With over 2,000 people working on the islands Kleindienst, will hand over phase 1 by the end of 2019, it added.