Dubai's real estate market is currently thriving, with investors from around the world investing billions of dollars in Dubai, UAE.
In the first quarter of 2021, Indian citizens invested around 6 billion AED in the Dubai real estate market, with Indians continuing to rank first for the highest amount invested.
However, British citizens recorded a major investment of around 2.9 billion AED, with Chinese and French citizens investing 1.4 billion AED and 1.3 billion AED, respectively.
Read Budget 2021-22: LDA offers 44 billion PKR for 30 development projects
According to official reports, citizens of Russia, Iran, Saudi Arabia and Canada also made investments earlier this year.
Al-Burai also said that to get a resident visa in the UAE, you will need to invest 1 million AED in real estate. This is much affordable than investing around 0.5 million euros in the real estate market to get a resident visa in a European country.
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