Economic boom expected from New Golden Visa
UAE Dubai Golden Visa changes spark Economic Growth
The Dubai Golden Visa Program via Property Investing revamped in January 2024.
To be eligible for the Golden Visa through property investment, individuals must meet certain criteria set by the Dubai government, such as investing a minimum amount in real estate, having a valid property ownership certificate, and fulfilling specific financial requirements.
The Golden Visa via Property Investment provides investors with the following benefits:
- Long-term residency visa for the investor and their family members for 10 years.
- Ability to work, live, and study in Dubai without a sponsor need.
- Access to various amenities and services in the UAE.
- Opportunity to become a permanent resident or citizen in the future.
- Great benefits such as safety, excellent education, and medical facilities.
- No income or property taxes.
- You can even purchase in cryptocurrencies.
- Off-plan purchases have incredible benefits. Enquire below.
The new rules and amendments for the UAE Dubai Golden Visa will attract massive property investment interest.
- Investments into Property stay at AED 2,000,000. However, the required minimum deposit, down payment, or equity used to be AED 1,000,000 (+/- USD 272,000). The AED 2,000,000 still applies; however, the AED 1,000,000 requirement has now been abolished.
- The investor only needs to make the required deposit or down payment required of the developer. This could be as low as AED 100,000 (+/- USD 27,200) in some cases. This is obviously a massive change. We have even seen some developers asking less to secure so keep an eye out or get in contact with us.
- The off-plan properties used to require a minimum of 50% completion, whereas from now the property does not even have to have begun construction.
- Non-mortgaged properties require an NOC from the developer confirming the amount of payment made in respect of the off-plan property investment.
- Mortgaged Properties require an NOC from the bank only, stating the amount that was paid to the developer.
- Lastly, when it comes to property valuation, the properties must be valued at least AED 2,000,000. However, now only by DLD.
The UAE’s Dubai Golden Visa program offers a pathway for property investors to obtain long-term residency in the UAE.
The largest investors in this program come from countries such as India, the UK, Russia, France, South Africa, Egypt, neighboring UAE countries, and extending into Africa.
Consequently, the explosion of property sales expected from international investors is projected to grow substantially.
Don't miss out on this amazing opportunity!
The landscape is continually changing, as mentioned by a friend of mine who visited the other day after living in Dubai six years ago. Economic growth, expansion, and quality of lifestyle are continually improving. Investors should act speedily but also wisely while the opportunity is available.
We deal with the largest and most reputable Developers.
Finding your perfect Property Investment with us is never Easier!
Seize the opportunity and secure your Investment!
