Is now the time to invest in UAE property? — 'Pocketful of Dirhams'

As the UAE’s property market continues its strong recovery from Covid-19 pandemic-induced headwinds, recent changes to the country’s visa rules have opened up long-term real estate investment options for residents wanting to put down roots in the Emirates . While average property prices in Dubai rose by 10.9 per cent, year on year, last month , residents can now qualify for a 10-year golden visa if they buy a property for as little as Dh2 million ($544,588). Despite rising interest rates , the initiative is attracting both residents and high-net-worth individuals from around the world , with an average budget of about Dh3m, property experts say. But where should you buy and how do you apply for the golden visa once you have decided on a property? Host Felicity Glover is joined by Richard Waind , group managing director of Betterhomes , who discusses the UAE property market and how the golden visa is benefitting the long-term plans of UAE residents. Hosted by Felicity Glover Produced by Arthur Eddyson and Ayesha Khan

Is now the time to invest in UAE property? — 'Pocketful of Dirhams'

The golden visa initiative is boosting the market as residents begin to make long-term plans to settle in the Emirates, says Richard Waind of Betterhomes