Danube Group to serve property buyers and investors in Dubai’s real estate
The UAE Cabinet’s twin decisions extended the residency permit up to 10 years for foreign investors, qualified professionals and talented students. It offers 100 percent foreign ownership of private companies and are expected to steer large investment into the country’s real estate market. Danube Group and its real estate arm Danube Properties are now ready to serve the new property buyers and investors.
The cabinet’s decision is believed to be another landmark move that will place the UAE ahead of its regional peers and help the country to attract more global talents. It has also come as a pleasant surprise to a lot of people as it is breaking the taboo that foreigners might not be granted a longer term residency permit. Also the decisions strengthen the conviction and confidence in the UAE’s leadership and these will usher in a new dawn of unprecedented socio-economic growth
Danube Properties, Dubai-based developer has a Dh3.14 billion portfolio of 3,628 residential homes ready to serve a growing number of investors from South Asia, mostly India.They invested Dh15.6 billion in Dubai’s real estate in 2017, Dh12 billion in 2016 and Dh20 billion in 2015 which is highest in a year, according to Dubai Land Department (DLD). It is observed that Danube Group is well prepared to serve a sizeable chunk of the property buyers.