By browsing on our website, you are agreeing to our cookies policy.

Al Qadi believes the longer visas will also attract more millennials to UAE Al Qadi believes the longer visas will also attract more millennials to UAE

RAK Properties Welcomes Property Ownership and UAE Visa Changes

RAK Properties has welcomed a UAE cabinet decision opening the way to 100 percent ownership of property to foreign investors and professionals.

The property development and tourism infrastructure firm also welcomed the cabinet’s decision to create long-term entry visas for professionals and students.

Mohammed Sultan Al Qadi, managing director, RAK Properties, elaborated, “We believe that this decision will benefit the real estate market in the UAE as the country will witness a significant increase in population which will require more housing units.”

He added the cabinet’s decision creating 10-year visas for professionals and their families and five to 10-year visas for students studying in UAE, compliments UAE’s position as one of the preferred destinations for creators and talent from all over the world.