The coronavirus pandemic has been tragic and prolonged beyond most expectations, with a severe impact on economic activity including real estate. Yet, new data suggests that residential property acquisition by buyers from China and other parts of Asia will rebound as the pandemic recedes.
Thailand and UAE Face Off Over Rich Foreign Investors in 2021 with Competing Investment Visa Offerings: Juwai IQI
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In November 2020, both the United Arab Emirates and Thailand faced off in the battle to capture the hearts and minds of rich investors. They almost simultaneously announced new visas that each hopes will help their economy and property market bounce back in 2021 after the difficult pandemic year.
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They compete for the same investors. The UAE provides more opportunities for entrepreneurs and talented professionals, while Thailand offers more lifestyle opportunities and includes everything from massages to elite golf courses in its visa packages.