Moldovan passport offer lures investors to Dubai's Seahorse Villas
Developer Kleindienst Group says Moldovan citizenship programme is driving investors to The Heart of Europe project
UAE-based European real estate developer Kleindienst Group announced that investor interest in its floating Seahorse Villas homes at The Heart of Europe had increased following its decision to offer Schengen visa-free citizenship through the Moldovan Citizenship by Investment (MCBI) programme wherein investors paying more than $1.3m (AED5m) in the project's first or second phases will be eligible for the scheme.
Founder and chairman of Kleindienst Group, Josef Kleindiesnt, said the company was working with agencies accredited by the Moldovan government in the UAE to ensure all application processes are followed as required by law.
"We strongly believe that opportunities like this stand to benefit both Moldova and our investors,” he added.
Kleindienst explained that while Moldova would benefit by the addition of elite members to the country’s portfolio, investors would benefit with global access and security of a “100% return”.
Candidates meeting the criteria would reportedly have their applications completed by an accredited MCBI agent before their files are submitted for final approval by the programme's board.
The Heart of Europe is located in a cluster of six islands in The World archipelago, 4km off the Dubai coastline, and is said to include a floating underwater living experience, a dedicated wedding hotel, and artificially engineered climate-controlled raining streets.