The UAE has attracted large number of expats and wealthy millionaires for over the years and the property sector is high demand, especially in Dubai.
UAE’s new initiatives such as recent launch of gold card scheme and golden visa for property buyers sparked massive interest in the region. UAE new visa rules came into effect in 2019 offered residence visas to property buyers for AED 5 million ($1.35m)
Property deals in Dubai reached AED 5 billion from over 3000 transactions during Ramadan month alone in 2019, Khaleej times reported. This despite the luxury property prices in Dubai fell b 4.1% last year. The second-home market is growing rapidly across the UAE and expected pass the AED 50 billion, while the second passport market is already a $3 billion market running in 12 countries.
A Passport perk coupled with real estate is a very alluring deal and is gaining momentum in Dubai. Passports acquired through citizenship by investment (C.B.I) schemes are known as Gold passports.
The Kleindienst group, the developers of spectacular “The Heart of Europe” off 2.5 miles off the coast of Dubai are offering Moldovan passport in exchange for AED 5 million ($1.36m) investment in the project. Moldova last year launched new citizenship by investment scheme (CBI) for investments in real estate and donation. The property buyers Kliendienst have to buy only a home in Dubai, not in Moldova.
Any investments exceeding AED 5 million in The Heart of Europe’s Phase 1 or 2 of second homes will be eligible to apply for the Moldova passport.
The Kliendienst Group has partnered with two agencies, based in Dubai, accredited by the Moldovan government. Applicants has through through a four tier due diligence screening process by government before being approved of citizenship and passport. The process could entirely take 3-5 months to complete. The company’s chairman said the majority of investors hail from Saudi Arabia, China, Iraq and even Syria.
‘We had similar offers before, giving away cars as gifts. We decided this year to provide passports. Moldova is the most interesting passport for investors.’, said the company in an interview to Dailymail.co.uk
The Heart of Europe
The Heart of Europe is seven fully-developed islands with 13 hotels and resorts, 4,000+ units, and 50+ attractions will mix beautiful tranquil havens with fine dining, luxury experiences over 100,000 natural corals to create a vacation experience beyond the imagination.
Already several islands and more than 1000 units out of 4000 units have been sold, according to the developers website
Kliendienst also offers Floating Seahorse Villas that are world first an authentic luxury homes with underwater living experience.
Kleindienst is an established real estate and property developer with global expertise spanning more than 30 years and is proud to be the biggest European real estate company in Dubai.
Ajman uptown
In 2016 Ajman Uptown became the first project in the GCC region that allows a property investor to get a Citizenship/passport of Antigua and Barbuda subject to due diligence.
For starting price AED 1,2m or ($330,000) and applicant gets a 2BR Villa in Ajman + Antigua citizenship with passports for five family members.
The Ajman uptown is strategically located on Main Sheikh Mohammad Bin Zayed Road which is easily accessible from 20m from Dubai International Airport for 12minutes from Sharjah airport
