UAE’s game-changing laws to fuel property market recovery
DUBAI, February 10, 2021 The UAE’s series of game-changing regulatory amendments – from providing Emirati citizenship and golden visas to investors and select expats to allowing 100% ownership of businesses for foreign nationals – will significantly fuel the recovery and growth of the country’s property market, according to Lootah Real Estate Development (LRED), one of the region’s most prominent real estate developers. In its Industry Insights Report, LRED has highlighted top 7 drivers that will propel the real estate sector’s recovery from the effects of the pandemic this 2021. In addition to the sweeping changes in citizenship and immigration rules, LRED’s in-depth analysis underlined the landmark signing of the Abraham Accords, the extensive national vaccination programme, the gradual resumption of tourism activities, the progress in the highly-anticipated Expo 2020 Dubai, the changes in
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