FOR DUBAI PROPERTY, THE ‘GOLDEN’ MOMENT HAS ARRIVED: Dubai has brought out another card to extend the dream run its property market has been having since early 2021. The Golden Visa programme – which extends the 10-year residency on a Dh2 million or plus property buy – comes in at the perfect time. Sales of homes in Dubai is veering strongly towards offplan purchases, because much of the ready and secondary property deals have already taken place in these 20-plus months. For new entrants into Dubai’s property market, the Golden Visa thus extends extra assurance – and not just for those who could afford Dh10 million investments in local property, which was the case earlier. The Dh2 million widens the intended buyer base, reinforcing the city’s credentials as the place to be. Truly, a ‘golden’ moment. (By Manoj Nair, Business Editor)
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