UAE Golden Visa: New Requirements for Foreign Investors
Dubai is expanding its Golden Visa program by removing the minimum requirement of AED 1 Mio to be paid to qualify for a Golden Visa Property Investor. Dubai’s real estate sector has always been a magnet for investors thanks to its vibrant real estate market, innovative projects and strong legal framework.
The Golden Visa program, initially launched in 2019, has played a major role in attracting high net worth individuals to Dubai, offering many benefits including long-term residence for 10 years, as well as the ability to sponsor family members, access to world-class medical and educational facilities, as well as freedom to conduct business in the emirate.
Under the revised terms and conditions, foreign investors can now obtain a golden visa by investing in Dubai’s booming real estate market with only a down payment amount according to the sales agreement. This flexibility will undoubtedly open the door to a wider range of investors, making the program more accessible and attractive to a global audience.
Since the minimum down-payment requirement for properties priced at AED 2 million or more is no more valid, the sector is expected to see a surge in foreign investment, which will contribute to further economic growth and job creation in the emirate.
This groundbreaking announcement is yet another testament to Dubai’s commitment to economic diversification and its unwavering pursuit of becoming a global investment powerhouse. By continuously refining its policies and regulations, the city aims to remain at the forefront of attracting international capital.