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Dubai's floating homes developer offers European passport

The Heart of Europe's Phase 1 owners will receive free Moldavian citizenship that eliminates the need for a Schengen visa

The Heart of Europe's floating homes in Dubai.
Kleindienst Group
The Heart of Europe's floating homes in Dubai.

European property developer Kleindienst Group is offering investors in its UAE luxury project, The Heart of Europe, a European passport following their purchase of a property in the 'floating homes' in Dubai, with Phase 1 property owners whose investments exceed $1.36m (AED5m) automatically qualified for free Moldavian citizenship. facilitating visa-free travel across the Schengen area in Europe and 121 global countries, in addition to other perks.

The seven-island project located on The World, Island – 20 minutes off Dubai’s coast – is comprised of luxury homes, 13 themed hotels, and the Floating Seahorse villas.

Handover for the project’s Phase 1– which is sold out — is scheduled by the end of 2019, with 61% construction progressed achieved as of May 2019.

Commenting on the development, Josef Kleindienst, founder and chairman of Kleindienst Group, said: “We understand the need to create outstanding value that surpasses high quality structures and innovative builds.

"With demand for nationality by investment growing globally —and especially among Middle East and Asia residents — we found this to be of great added value to our investors, with very positive feedback.”

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Construction Week - Issue 747
Aug 03, 2019