The UAE Golden Visa, originally introduced in 2019, has recently undergone a significant change that opens new doors for real estate investors. This recent regulatory change has eliminated the minimum deposit requirement for real estate investors, paving the way for a broader spectrum of investors to participate in this long-term residency program.
What is a UAE Golden Visa?
The UAE Golden Visa is a special 10-year residency visa aimed at attracting foreign investors and exceptional talent to build lasting ties with the UAE. This visa offers flexibility and security, independent of a specific employer and without the need for frequent renewal.
Recent changes
The most significant change is the elimination of the minimum deposit of AED 1 million (€251,020) previously required to apply for a Golden Visa through property investment. Investors must now own a property of at least AED 2 million to qualify for the program, regardless of the payment status of the property.
Benefits of the change:
- Simplified access: Eliminating the minimum down payment makes Golden Visa more accessible to a broader group of investors.
- Market stimulus: This change can boost the real estate market by attracting more investment and promoting economic growth.
- Confidence in the market: Making the Golden Visa more accessible can strengthen investor confidence in the city and its real estate market.
In addition to real estate investors, entrepreneurs, professionals, exceptional talents, scientists and outstanding students and graduates can also qualify for the Golden Visa.
Golden Visa benefits
- Extended residency rights: Up to 10 years in the UAE.
- Self-sponsored work or residence: Continue to live, work or study without individual sponsorship.
- Family and auxiliary sponsorship: parents, spouses and children and unrestricted domestic helpers.
- Extended time outside the UAE: Not affecting visa status.
- Exclusive health packages: Special health insurance plans.
- Dubai Police Esaad privilege card: Discounts at various businesses and services.
How to Apply. If you think you qualify for the UAE Golden Visa, please contact us for guidance and support with your application.
Conclusion: The recent changes to the UAE's Golden Visa program represent a significant step forward in attracting foreign investment and talent. These changes may lead to a revival of the real estate market and provide an attractive opportunity for both local and international investors.
Interested in the UAE Golden Visa? Visit contact with us for more information and support with your application. We will be happy to help you navigate this process and ensure that you can take full advantage of the opportunities Dubai offers.
