Mohamed Alabbar, Chairman of Emaar Properties, the region’s largest property developer, has said that the UAE federal government’s decision of extending the validity of visas for foreign real estate investors in the country will boost investor confidence in the sector while driving future growth.
“The UAE Federal Cabinet decision to extend residence visa for real estate investors to three years will significantly enhance investor confidence and drive the growth of the country’s property sector,” Alabbar said in an emailed statement.
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