Dubai’s fast-growing real estate market continues to attract both buyers and investors at the global level. Dubai is a top investment destination for luxury properties owing to the high ROI and capital appreciation potential. The Golden Visa, a long-term residency visa, for property investors is another appealing factor.
Golden Visa: Relaxed Rules
The government has cancelled the AED 1 million (USD 272,294) minimum down payment requirement for golden visa for property investors. This has enhanced the appeal of UAE in general and Dubai in particular as a global property investment hotspot.
Initiative to woo investments
Designed to attract elite individuals and their families from across the world, this residency scheme offers a pathway to long-term residency in the UAE. Since its inception in 2019, the Golden Visa has evolved significantly, presenting an even more compelling proposition, especially for those interested in Dubai’s high-end real estate offerings including premium off-plan units.
Decoding UAE Golden Visa for Investors
Dubai’s Golden Visa stands as a testament to the emirate’s commitment to attracting top-tier talent and investment. Unveiled in 2019, the program initially targeted select professionals, encompassing entrepreneurs, investors, scientists, and outstanding students, with the all-encompassing goal of fostering economic growth, innovation, and entrepreneurship within the UAE.
Widening the eligibility spectrum
The program underwent a radical overhaul in 2022, widening the spectrum of eligible applicants. The 2022 amendment lowered the investment threshold from AED 5 million to AED 2 million, rendering the program more accessible. Furthermore, the eligibility criteria now include off-plan properties, easing the process for those seeking to invest in such properties valued at no less than AED 2 million from approved developers.
Mortgaged properties
Investors can choose from upscale waterfront villas, beachfront apartments, and townhouses in luxurious communities in Dubai. Also, the Golden Visa programme is applicable for investors acquiring properties through mortgages from specific local banks. Additionally, under the updated regulations, a husband and wife can jointly own and share a property, with a valid marriage certificate as supporting documentation
No minimum down payment
The only condition is that the property must be worth AED 2 million or more. What this means is that those who pay a minimum 20 per cent of the property’s value, which is the common mortgage requirement, would now be eligible for the 10-year residency visa.
Isn’t it compelling enough to make your investment in Dubai’s luxury properties? Yes, of course! As the leading premium property brokerage firm in Dubai, QSA Real Estate is eager to offer you strategic advice on choosing and investing in the most profitable real estate projects in Dubai.
Benefits of Golden Visa
Golden Visa offers multiple benefits.
- Long-term residency for up to 10 years
- Permission to own and operate a business in Dubai.
- Access to world-class education, healthcare, and public services.
- Visa sponsorship for family members.
- Sponsorship for children, irrespective of age.
- Permission to stay abroad without jeopardizing residency status.
- Sponsorship for an unlimited number of domestic helpers.
- Permission for family members to stay in the UAE until the expiry of their permit, even after the death of primary Golden Visa holder.
To obtain the Golden Visa, applicants can use the GDRFA-Dubai Smart Application or visit Amer Centres.
Seize the Golden Opportunity
Interested in investing in luxury off-plan properties in Dubai and secure UAE Golden Visa? We at QSA Real Estate are here to help you with strategic advice on the most rewarding luxury property investments in Dubai. Contact us today!
