Dubai Golden Visa, everything u need to know as an investor
Dubai’s real estate market has long been a highly sought-after destination for buyers and investors alike. With its impressive economic growth, prime location, and world-class infrastructure, it’s no wonder that Dubai has become a hub for global property investment.
In recent years, the UAE government has implemented several initiatives to further promote foreign investment, including the introduction of the Golden Visa.
Whether you are new to real estate investment or an experienced purchaser, our guide to Dubai’s Golden Visa will provide you with all the necessary details about the program and how it can assist you. Let’s get started!
The Golden Visa is a residency scheme that offers eligible individuals and their families the opportunity to obtain long-term residency in the UAE. Since its introduction in 2019, it has undergone significant changes, making it even more attractive, particularly for real estate buyers and investors.
The Golden Visa of Dubai is a residency program aimed at attracting investment and talent to the UAE over the long term. It was initially launched in 2019 with the goal of promoting economic growth, innovation, and entrepreneurship in the UAE by targeting specific groups of professionals, such as entrepreneurs, investors, scientists, and exceptional students and graduates.
For those interested in investing in Dubai’s real estate market, the Golden Visa program offers an excellent opportunity. The program’s long-term residency benefits allow individuals to establish a stable and secure future for themselves and their families by owning property in the UAE with the potential for significant returns.
The Golden Visa of Dubai is a residency program aimed at attracting investment and talent to the UAE over the long term. It was initially launched in 2019 with the goal of promoting economic growth, innovation, and entrepreneurship in the UAE by targeting specific groups of professionals, such as entrepreneurs, investors, scientists, and exceptional students and graduates.
The eligibility requirements for the program were simplified, and the categories of applicants were expanded to encourage additional investment in the UAE’s real estate market, which has been a significant contributor to economic growth in recent years.
For those interested in investing in Dubai’s real estate market, the Golden Visa program offers an excellent opportunity. The program’s long-term residency benefits allow individuals to establish a stable and secure future for themselves and their families by owning property in the UAE with the potential for significant returns.
What are the Golden Visa Requirements?
On October 3, 2022, the Golden Visa program in Dubai underwent changes that have created new possibilities for real estate investors and buyers. One of the most notable modifications is the reduction in the minimum investment in real estate required to obtain the Golden Residence.
Previously, a minimum investment of AED 5 million was necessary to qualify for the program. However, the new guidelines now enable buyers and investors to obtain the Golden Visa by purchasing a property valued at no less than AED 2 million, making the program more accessible than ever.
Additionally, the new regulations expand the eligibility of the program to include off-plan properties, making it easier for buyers and investors in Dubai looking to purchase off-plan properties worth at least AED 2 million from approved developers.
Buyers and investors may now also qualify for the Golden Visa when purchasing a property using a mortgage from specific local banks, providing them with greater flexibility and options.
Lastly, under the new guidelines, a husband and wife can jointly own and share one property. To qualify, they must provide a valid marriage certificate as evidence.
What advantages does the Golden Visa provide?
The Golden Visa program in Dubai provides numerous benefits to real estate buyers and investors, making it an attractive choice for those seeking to establish a presence in the UAE. These benefits include:
- Long-term residency for up to 10 years
- The ability to own and operate a business in Dubai
- Access to education, healthcare, and other public services
- The ability to sponsor family members for their residency in Dubai
- The ability to sponsor children, regardless of age
- The ability to remain abroad without impacting residency status
- The sponsorship of an unlimited number of domestic helpers
- The permission for family members to stay in the UAE until the end of their permit term, even if the primary holder of the Golden Visa passes away.
How to apply for a Golden Visa?
To apply for the Golden Visa in Dubai, you have two options: using the GDRFA-Dubai Smart Application or visiting Amer Centers. Below are the six steps you need to follow for each option:
GDRFA-Dubai Smart Application:
- Download the mobile app
- Create a new user account
- Select the service you require
- Attach the required documents
- Pay the service fees
- Submit your request
Amer Centers:
- Visit a service branch
- Choose your service
- Submit your documents for verification
- Wait for approval
- Pay the service fees
- Submit your application
The Golden Visa program provides a range of benefits to real estate buyers and investors in Dubai, including long-term residency, the ability to own and operate a business, access to public services, and the ability to sponsor family members for their residency.
Town Bridges Real Estate, can provide guidance and support throughout the process of obtaining your Golden Visa, from selecting the right property to completing the necessary paperwork. Contact us today to get started!
