Video: Construction Week In Focus | UAE's 10-year visa system
S02E03 of Construction Week In Focus rounds up the initial reactions to the UAE's 10-year visa system, and reviews its likely impact on the country's real estate sector
Technical construction experts could be among those to benefit from a new plan aimed at attracting talent to the UAE with the promise of a 10-year residency visa.
Last week, HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, announced a long-term residency visa system that will grant long-term residency visas to specialists in the field of medicine, scientific research, and various technical disciplines.
The system will let investors and talented professionals in the aforementioned fields access up to a 10-year residency visa, a requirement for expats living in the UAE.
Leaders from Azizi Developments, Danube Properties, Samana Developers, and Gemini Property Developers praised the decision to give investors and high-skilled workers long-term visas, claiming the decision will attract realty investment.
In episode 3 of Construction Week In Focus's Season 2, Neha Bhatia, editor of Construction Week, and Oscar Rousseau, deputy editor of Construction Week, review how the new 10-year visa system might impact the UAE's construction and real estate sectors.
Construction Week In Focus is a weekly bulletin of the Middle East's top news from the real estate development, contracting, MEP, facilities management, and equipment sectors.
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Construction Week In Focus episodes are published each Tuesday at 9am.