Dubai real estate market, known for its allure among investors and buyers, now offers an even more enticing opportunity through the Golden Visa program. This residency initiative, introduced in 2019 and expanded in 2022, aims to attract talent and investment to the UAE, particularly in the real estate sector. In this comprehensive guide, we delve into the details of Dubai Golden Visa program, including eligibility criteria and the latest updates that have made it an appealing prospect for real estate enthusiasts.
Understanding Dubai Golden Visa :
Dubai Golden Visa is a long-term residency program designed to draw talent and investment into the UAE. Initially targeting professionals like entrepreneurs, investors, scientists, and outstanding students, the program sought to foster economic growth and innovation. However, in 2022, the program underwent significant changes to simplify eligibility and expand applicant categories, with a specific focus on boosting investment in Dubai’s thriving real estate market.
Updated Dubai Golden Visa Requirements :
The Golden Visa program now boasts more accessible requirements. The minimum property investment needed to secure a Golden Residence has been reduced from AED 5 million to AED 2 million. Additionally, the program’s scope now extends to include off-plan properties, offering greater flexibility for buyers and investors. Those purchasing properties with mortgages from specific local banks can also qualify. The revised rules also permit joint property ownership for spouses, provided they present a valid marriage certificate.
Benefits of a Dubai Golden Visa
Investors and buyers in Dubai stand to gain numerous benefits from the Golden Visa program:
Long-term residency for up to 10 years
Business ownership and operation in Dubai
Access to education, healthcare, and public services
Sponsorship of family members
Ability to sponsor children, regardless of age
Travel abroad without affecting residency
Unlimited domestic helper sponsorships
The right for family members to stay in the UAE even after the primary Golden Visa holder’s passing.
How to Apply for a Dubai Golden Visa
Applying for a Golden Visa in Dubai is straightforward. You can utilize the GDRFA-Dubai Smart Application or visit Amer Centers. Here are the steps:
Using the GDRFA-Dubai Smart Application:
Download the mobile app
Create a new user account
Select the desired service
Attach required documents
Pay the service fees
Submit your request
Using Amer Centers:
Visit a service branch
Choose your service
Submit documents for verification
Wait for approval
Pay the service fees
Submit your application
The Golden Visa is a game-changer for real estate investors and buyers eyeing Dubai’s property market. Beyond long-term residency, it offers a spectrum of benefits that enhance the allure of Dubai’s real estate sector.
Dubai real estate market, known for its allure among investors and buyers, now offers an even more enticing opportunity through the Golden Visa program. This residency initiative, introduced in 2019 and expanded in 2022, aims to attract talent and investment to the UAE, particularly in the real estate sector. In this comprehensive guide, we delve into the details of Dubai Golden Visa program, including eligibility criteria and the latest updates that have made it an appealing prospect for real estate enthusiasts.
Dubai Golden Visa is a long-term residency program designed to draw talent and investment into the UAE. Initially targeting professionals like entrepreneurs, investors, scientists, and outstanding students, the program sought to foster economic growth and innovation. However, in 2022, the program underwent significant changes to simplify eligibility and expand applicant categories, with a specific focus on boosting investment in Dubai’s thriving real estate market.
The Golden Visa program now boasts more accessible requirements. The minimum property investment needed to secure a Golden Residence has been reduced from AED 5 million to AED 2 million. Additionally, the program’s scope now extends to include off-plan properties, offering greater flexibility for buyers and investors. Those purchasing properties with mortgages from specific local banks can also qualify. The revised rules also permit joint property ownership for spouses, provided they present a valid marriage certificate.
Investors and buyers in Dubai stand to gain numerous benefits from the Golden Visa program:
Applying for a Golden Visa in Dubai is straightforward. You can utilize the GDRFA-Dubai Smart Application or visit Amer Centers. Here are the steps:
Using the GDRFA-Dubai Smart Application:
Using Amer Centers:
The Golden Visa is a game-changer for real estate investors and buyers eyeing Dubai’s property market. Beyond long-term residency, it offers a spectrum of benefits that enhance the allure of Dubai’s real estate sector.