Long-term residency is a goal for numerous investors. The UAE’s visa residency system, introduced in April 2022, permits investors to secure a Golden Visa in Dubai when acquiring a property valued at Dh2 million. This development has spurred residents and investors to consolidate or invest in real estate, reaching the Dh2 million threshold for eligibility for long-term residency in the UAE.
Real estate investors and executives who have obtained the Golden Visa after purchasing Dh2 million worth of property acknowledge its role in promoting investment in Dubai’s real estate market and retaining individuals in the city.
How to Obtain Golden Visa Through Investment in Real Estate
- There are many ways individuals can obtain Golden Visa through real estate investment such as:
- ● Purchase property in the UAE valued at Dh2 million or more.
- ● Invest in an off-plan real estate property worth a minimum of Dh2 million and pay the remaining amount in installments.
- ● Married couples often make joint investments to meet the eligibility criteria for owning a Dh2 million property.
- ● Take a bank loan, provided the property’s value is a minimum of Dh2 million.
Remarks of CEO of Samana Develops on Golden Visa in Dubai
Mr. Imran Farooq, CEO of Samana Developers, commented, “The Golden Visa is a motivating factor for increased investments. It also serves as a valuable tool for retaining residents beyond Expo 2020 Dubai. Previously, people typically purchased one-bedroom units, but now they are exploring bundled deals to reach the Dh2 million threshold for the Golden Visa.”
Furthermore, it has been observed that approximately 35 to 40 percent of customers are combining two properties to reach the Dh2 million milestone required for the Golden Visa.
The most prominent buyers of properties for the Golden Visa are primarily Europeans, Africans, and nationals of the Commonwealth of Independent States (CIS).
The demand for two-bedroom units has recently surged, with many investors also opting for two one-bedroom units to reach the Dh2 million mark. This trend has injected vitality into Dubai’s real estate market, and the Golden Visa program continues to set records in the city’s real estate sector.
Mr. Rizwan Sajan, Chairman of Danube Group Remarks
Mr. Rizwan Sajan, the chairman and founder of Danube Group, highlighted the significant role of Residency Visas and Golden Visas in driving investments into the UAE’s real estate sector.
He stated, “Dubai’s real estate market offers one of the highest rental yield returns, coupled with property appreciation, making it an attractive investment option. Moreover, the quality of life, world-class infrastructure, safety, and global connectivity make real estate investment in the UAE a wise choice. Golden Visa and Residency Visas provide additional incentives for investors.”
Conclusion:
The introduction of the Golden Visa program in Dubai, linked to property ownership, has been a driving factor for investment in the UAE’s real estate sector. Its appeal, combined with Dubai’s attractive market dynamics, high rental yields, and quality of life, continues to lure foreign investors, making real estate investment in the UAE a compelling and intelligent choice for everyone.
