The move from the UAE to grant permanent residency has been welcomed by the business community, but what impact will it have on the real estate market? In this week's episode of FM Live Nikhil Pereira delves into a report from Property Finder.
According to the latest report published by real estate portal Property Finder: the UAE’s move to grant permanent residency to wealthy investors and entrepreneurs is a good step forward and likely to boost the fortunes of its property market.
Around 6,800 people have been granted permanent residency and a ‘Gold Card’ in the first round of applications. These residents have collectively pledged investments worth an estimated AED100bn.
(Source: Construction Week YouTube channel)