By: Mahmoud Gamal
Dubai – Mubasher: The real estate prices in the UAE have reached their most attractive levels in years, Colliers International’s regional director in the Middle East Ian Albert told Mubasher.
The latest incentivising decisions announced by the UAE cabinet will attract further businesses to the GCC country and, thus, boost the entire real estate sector, Albert added.
The UAE government decided to up the foreign shareholding ceiling in national companies to 100% and launch a 10-year residency visa system for investors.
The new shareholding limit will bolster some activities in the real estate sector, but the government has not yet revealed which sectors will be included or excluded from the new decision, the top official noted.
These new measures will support the activities of the hospitality sector and increase the consumer confident about the trade and retail sector’s performance, Albert remarked.
Translated by: Muhammad Khalid
