Golden Visa UAE: Residents With 10-year Permits Aspire To Live In Communities

The Property Finder research showcases that end users prefer diversified communities with some facilities that make plans around metro linking.

As property investments are helping residents get the 10-year Golden visa in the United Arab Emirates, they are looking to build their houses and live in these communities, as there has been a significant shift in the property landscape in the UAE that is increasingly becoming community-oriented. The United Arab Emirates has developed various changes to its laws regarding residence in the contemporary years. These include long-term residency visas for investors, people in business, and some remarkably talented people, as well as multiple entry visas. According to specific experts, people either settle in the country for good or often come yearly to seek to belong here.

Michael Lahyani, Property Finder CEO, said, "People have a deep social connection to a community, especially since they are safeguarding to stay much longer in the UAE. We no longer have two—or three-year visas. Now, it is a 10-year golden visa. People know they will be here for a decade, probably two, and maybe forever. Therefore, it is important to build their community here."

Lahyani, in his foreword to the white paper, said that culturally integrated community living was the most significant question asked of most of the respondents in a survey the company has conducted. "Even as new communities are developed seemingly in the middle of underdeveloped desert areas, they become integrated into the city in no time as the infrastructure keeps pace. Increasingly, we notice that the starting point for a consumer is not a stand-alone building but a multi-faceted neighbourhood that makes sense of home right from its inception. Spacing the living areas with water views, greenery sustainability, and conveniences are all on the wish list today".

Living away from the city

It is a big decision for all those living in Dubai who are away from their families. For example, Sadiqa Alam's move from their home in the middle of Deira after 17 years to a gated community in Meydan was a big decision. Nevertheless, she is happy that she made it, though. She said, "My children are 9 and 11 years old, and the move has made a huge difference; they go cycling within the community every afternoon and go to the basketball court to play. When we were living in Deira, they had no option like that."

As Sadiqa said, the move has benefited all of them; she also said, "There is very little traffic, and the community is very peaceful and quiet. It is a fairly new community, so the amenities are coming up. I miss the convenience of Diera, but we are enjoying our lives here, especially my children."

The real estate agent known as Shabna Ibrahim said that one of the most transacted areas in Dubai is a gated community far from the city centre. He said, "There is a simple reason for it. No matter your building or villa's amenities, it doesn't compare to community living. There are no parks, walkways, or common play areas. The community vibe is not here."

Amalgamation-use Communities

According to the Property Finder, the end users choose mixed-use communities with certain facilities around the metro connectivity. "These walkable and cycle-friendly neighbourhoods outperform the broader market in Dubia, showing price increases of 26.7 per cent on average as compared to the average overall increase in all properties of 24.1 per cent between Q1 2010 and Q4 2022," the company wrote in its whitepaper. "Properties in these developments also command as much as 11 per cent higher rental growth even while the average rental rates of all properties may have declined." Ket mixed-use neighbours in Dubai include the Palm Jumeirah, Emirates Hills, Al Barari, Jumeirah Gold Estates, Jumeirah Bay Island, Emaar Beachfront, Downtown, Business Bay, District One, and Dubai Hills Estate. In the Abu Dhabi emirate, locations like Saadiyat Island, Reem Island, Al Raha, Al Bateen, and Abu Dhabi Gate City offer "not only exclusive lifestyle". Still, they are also home to gated communities such as Nalaya Villas, Jawaher Al Saadiyat, Al Raha Golf Gardens, The Hills Mangrove Village and many more.

Green Open Spaces

Shabana, a resident of Dubai, is willing to move further away from the city to enjoy community living. "Even if they have to drive slightly longer or the space is not as convenient as an apartment, people are willing to make the sacrifice," she said. She added, "They want the open spaces, the jogging tracks and everything else that a community has to offer. Especially those with children because it is much safer for kids to go out and play alone or bike around the community because it is gated."

The White Paper findings, which were made in collaboration with other industry experts, prominently showcase that some communities perform better than others. As per the reports, communities with properties with spacious layouts that can be personalised are very much in demand. Walkable and cycle-friendly neighbourhoods usually outperform the broader markets in Dubai in terms of popularity and price. Consumers also want affordable and sustainable living spaces.

"There is a need for different price points," said Property Finder's chief revenue officer, Cherif Sleiman. "People should not be of a certain economic level to enjoy the amenities of community living. That goes into the planning of future communities. It also needs to cater to families of different sizes and nationalities. So when planning for the future, everything must be from studios to big mansions, all in a mixed-use community where everything is easily accessible to its residents."

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