Dubai – Mubasher: The UAE Cabinet’s recent decisions are expected to have a remarkable positive impact on the real estate market, CEO of Binghatti Developers said.
The recent changes will reinforce the country’s position as one of the best real estate investment destinations in the world, Arabian Business Reported, citing CEO Muhammad BinGhatti.
BinGhatti expects that the new sustainable demand in the lease market will attract more international investors.
Moreover, the Cabinet’s decisions will encourage expatriate end-users to buy their own homes in Dubai, he indicated.
"The UAE’s progressive leadership ensures the continuous growth and development of the real estate sector," he said.
Last week, the UAE Cabinet, headed by vice president and ruler of Dubai Mohammed bin Rashid Al Maktoum, announced a new long-term visa to some international investors and talented professionals, allowing 100% foreign ownership in companies.
