Exciting news has emerged for global investors seeking the golden visa in Dubai. The UAE government has made a significant change to the golden visa program, eliminating the AED 1 million minimum down payment requirement for qualifying through real estate investments.
Previously, investors had to pay at least 50% of the property value to the bank when purchasing properties through mortgages or instalment plans to be eligible for the golden visa. This financial hurdle often deterred many potential investors.
The game-changing update introduced this year has revolutionized the program. Investors can now secure a golden visa for properties valued at 2 million, regardless of their status (off-plan, mortgaged, non-mortgaged, or completed). This means that investors can initiate the golden visa process immediately after paying only the booking amount for off-plan properties.
This update opens up a world of opportunities for investors, making off-plan properties even more attractive. By starting the golden visa process early on, investors can take advantage of investing in properties that are still under construction, potentially reaping higher returns in the future.