UAE attracts Asian buyers with residency incentives

Asian investors turn to UAE property for high returns and lifestyle benefits.

Residency-by-investment programmes are increasingly influencing real estate decisions across Asia, with the United Arab Emirates emerging as a top destination for investors seeking both returns and mobility, according to Louissa Thomas, CEO of Levella.

In an interview with Real Estate Asia on the sidelines of the Global Property Expo in Singapore, Thomas highlighted, “I think residency programs have a high influence in real estate in Asia. As an immigration specialist, I do see a lot of movements across borders, amongst people who want to operate businesses across borders, who want to travel freely,” she said.

The ability to combine real estate investment with residency is reshaping demand. “[We’re seeing the demand shift] when a residency program is able to combine an asset class, a safe asset class, like real estate, together with acquiring a residency in the country,” Thomas explained.

She singled out the UAE as the most attractive program for Asian buyers. “Because of the fact that there are no restrictions on the real estate that you can purchase to acquire a residency.”

Returns are another major driver. “We are looking at numbers such as 30% per year in cities like Dubai, about 18% in Abu Dhabi, and about 24% in Ras Al Khaimah.”

Thomas noted the program’s broad appeal: “You are qualified for a 10-year golden visa right away. This is very beneficial in terms of freedom of movement, lower interest rates in the bank if you are interested in taking mortgages, and also a better quality of life. UAE is number one at the moment.”