Real estate prices in European Union countries have risen, causing an increase in investment thresholds and the termination of Golden Visas offered to wealthy individuals. As a result, Indian investors are turning to the United Arab Emirates (UAE) for such residency opportunities, where high net-worth individuals (HNIs) can obtain a 10-year residency visa by investing 2 million dirhams ( ₹21.5 crore) in a real estate asset.
HNIs are a class of people who work in the financial services industry and have investible surpluses of more than ₹5 crore, but not quite above the threshold. In the financial sector, these investors are categorised as retail because of their net worth.
According to the CBRE Dubai Market Report, total transaction volumes in Dubai’s residential market reached 9,229 in January 2023, marking a growth of 69.2% from a year earlier.
More than 700 Indian students are facing deportation from Canada after the authorities in the North American country found their ‘admission offer letters’ to educational institutions to be fake. They received the deportation letters from the Canadian Border Security Agency (CBSA) recently.
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