Indian Entrepreneurs are migrating to the UAE, fueling demand for luxury real estate in Dubai.
Manali Chandegala
Manager - Commercial Partnership International Affairs at Flyingcolour Business Setup Services
There are many factors where Indians are facing Issues related to deprived healthcare infrastructure and high taxes at home, whereas with the UAE’s open-arm policies, are said to influence high-net-worth Indians in their decision to relocate to the Gulf considering the benefits they are getting with their business expansion and structuring the business with better lifestyle.
Following the Covid-19, Dubai's residential real estate industry, particularly the luxury category, is experiencing an increase in demand from Indian businesspeople. Tax concerns in India have also prompted high-net-worth families to migrate to the UAE.
The UAE government's favorable regulations, such as permitting 100% foreign ownership of enterprises in local market, remote registration of offshore and free zone corporations, and long-term resident permits, are also supporting to attract the Investors.
Historically, Dubai has been the most sought-after global property market for HNW Indians, followed by London. According to the Dubai Land Department, Indian nationals topped the list of foreign investors in the real estate market in Dubai in 2019.
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