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Indian retail tycoon becomes UAE's first permanent expat resident

  • Yusuff Ali, the LuLu Group chairman, becomes the first of 6,800 investors with total investment exceeding $27 billion to receive the gold card.
  • The first expat to get the UAE's first gold card permanent residency.
  • Unlike the long-term visa of 5-10 years for businessmen and talented individuals, the gold card gives permanent residency of the UAE to the holder.
  • The LuLu Group chairman, who was ranked the richest expat in UAE by the Forbes magazine, becomes the first of 6,800 investors with total investment exceeding $27 billion to receive the gold card
  • Under a scheme announced last month by Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, the Khaleej Times reported.