According to the Dubai Land Department (DLD), Pakistan is Dubai’s 6th biggest real estate investor. Pakistani citizens have invested AED2.79 billion in Dubai’s real estate market through 1,913 real estate transactions. The DLD has published a list of the top ten countries that have invested in the city’s real estate sector. Property dealers working in Islamabad and surrounding areas are helping individuals to invest in real estate. Continue reading to know more about the investors and real estate trends.
Major property dealers working in Dubai
Following are some major investors of property in Dubai on the basis of registered transactions:
- Saudi Arabia
In the first five months of 2021, Pakistan has invested AED 1.26 billion in Dubai. People have invested Rs.52 billion in Dubai through self-investment and property dealers working in Islamabad and Pakistan.
Dubai Land Department
DLD director-general Sultan Butti bin Mejren said:
“The year 2020, and the difficult challenges it brought, was a clear example of full coordination between all government departments on one hand and the wise leadership on the other, as a collective effort necessary to confront crises.”
According to Mahmoud Al-Burai, Senior Advisor to the Dubai Land Department, the primary reasons for the surge in investment include tax-friendly legislation and the potential of obtaining resident status quickly through real estate investments.
Golden Visa Program
The UAE’s Golden Visa program, which provides international investors and elite talent with visas valid for up to ten years, has also contributed to the increase in numbers. Doctors, scientists, property dealers working, and businessmen, startups, and real estate investors in Islamabad and worldwide are all eligible. Recently, popular entertainment personality and pilot Fakhr-e-Alam became the first Pakistani celebrity to receive the 10-year UAE Golden Visa.
Role of property dealers in Islamabad
According to Dubai’s land authorities, over 100 nationalities participate in the emirate’s property market, which is one of the most investor-friendly among the UAE’s seven states. After Saudi Arabia, where over 2.2 million Pakistanis live, the UAE has the second largest Pakistani diaspora. Many property dealers working in Islamabad and major areas of Pakistan are helping people to secure property out there.
One can put AED 1 million inland to get a residency visa in the UAE, which is more reasonable than putting €0.5 million inland to get residency visas in Spain and Portugal. The government of Pakistan is also keeping up with all the property records.
There are various classifications and levels of investing in a real-estate business working in Islamabad. You can get help from property dealers working in Islamabad as well. Furthermore, different types of investments are appropriate for different types of people. If you are a worker or a common businessman, looking for real estate businesses located in Islamabad, then, you’ve come to the right place. ConnectorPk can provide you with the best and luxurious apartments in the town. To make the best investments in Islamabad.