Amidst a real estate boom in their own city, many Bengalureans are looking at an option far beyond for investment — Dubai. Multiple real estate players are recording a big jump in investments in Dubai from Indians, especially from Mumbai, Delhi, Chennai, and Bengaluru, primarily buoyed by the Golden Visa.
The Golden Visa is a long-term residence visa which enables foreigners to live, work or study in the UAE while enjoying exclusive benefits. “Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers and frontline heroes are among those eligible for the Golden visa,” says the UAE’s formal description. Among the benefits are an entry visa for six months with multiple entries to proceed with residence issuance, a long-term, renewable residence visa valid for five or 10 years, not needing a sponsor, and the provision to stay outside the UAE for more than the usual period of six months to keep their residence visa valid.
