The UAE will extend residency visas to 10 years
“Visa news has been everywhere this past few months. Targeting entrepreneurs, medical, scientific and technical professionals, the offer of an extended visa includes family members too. We’ve witnessed how improved infrastructure, newly affordable real estate and recent economic reforms – like freezing school fees – make a successful expat life in Dubai more achievable.
I suspect this latest initiative, offering global talent long term shares in a premium lifestyle, will only add to that success. But while the news has led to optimistic forecasts of economic growth for Dubai and its professional residents, my immediate questions would be:
- How do I find a job that qualifies me for an extended visa?
- Will my salary allow my family to live well in Dubai?
Ultimately, will you be better off living in Dubai than where you live now? That’s one happy ending you need to be sure of.” -
Luke Remington, Managing Director, haus & haus.
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Supply still outstrips demand (but maybe not for long…)
“With numerous off plan projects launched in recent years — and a number of those built for mid-range buyers — sales and rental property prices have fallen as owners and landlords compete to attract buyers and tenants.
But with a population increase expected, and doubt over whether the latest launches will be completed by EXPO 2020, these factors could swing the balance.
Of course, real life property transactions are rarely so black and white as the news story of the day.
Whether you’re experiencing a buyer, seller, landlord or tenant’s market, ask a trusted advisor to identify those Dubai communities and properties providing value for money at any given time.” -
Simon Baker, Managing Director, haus & haus
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From population growth to the invention of an ‘affordable’ price bracket, Dubai real estate is changing fast. To stay ahead, get your market intelligence from an intelligent source.
Dubai’s first heritage-listed buildings announced
“While only non-residential buildings have been listed so far, how long will it be before we’re selling listed homes in Dubai? A 20th century courtyard property in Al-Bastakiya or a cubic penthouse on Palm Jumeirah? Watch this space.
This story also celebrates how far we’ve come. Previously overshadowed by stories of ‘get rich quick’ schemes, Dubai is now a more settled place to live. Just as first and second generation expats live alongside Emiratis, old and new examples of modernism, such as the World Trade Centre and the Burj Khalifa, coexist with historic bastions like Al Fahidi Fort.
This recognition of a past that’s worth preserving is also a massive positive for the future.” -
James Perry, Managing Director, haus & haus
For the latest grand designs, browse New Developments in Dubai