Bengalureans are investing in Dubai property. This trend is growing even with a local real estate boom. Many Indian investors, especially from major cities, are showing increased interest. The UAE’s Golden Visa is a major draw.
The Golden Visa offers long-term residency. It allows foreigners to live, work, and study in the UAE. They also receive special benefits. The visa is for investors, entrepreneurs, and skilled individuals. Benefits include a six-month entry visa. It also provides a renewable five or ten-year visa. Holders do not need a local sponsor. They can also stay outside the UAE longer than six months. This keeps their residency valid.
Buyers often have existing ties to Dubai. Many are professionals or wealthy individuals. They seek lifestyle properties with good returns.
Rizwan Sajan, founder of Danube Group, notes this trend. He states about 35% of investors are Indian. Many come from cities like Mumbai and Bengaluru. These cities have strong interest in global real estate. They also desire luxury investments.
Indians are significant investors in Dubai. The Golden Visa has boosted this further. It offers residency to those investing over AED 2 million. Real estate is an easy way to qualify. It provides a stable investment. It also secures residency for families. Dubai property prices are competitive globally. London, Shanghai, and New York are more expensive.
Most buyers are business owners. Professionals and wealthy individuals also invest. They seek assets with good returns.
Many buyers are younger. They are between 30 and 45 years old. They prioritize security and income. They are not just buying for luxury.
Alok Priyadarshi of Homely Yours sees this too. Enquiries for Dubai properties rose 40%. The Golden Visa fuels this interest. More middle-class buyers are now involved. Dubai used to be for the wealthy. Now, salaried workers and families invest.
The upper middle class can afford smaller homes. Studio and one-bedroom apartments are popular. They offer good rental yields. They are also affordable. Most buyers are aged 30-45. They seek security and passive income.