Dubai: Do New Investors Get Golden Visa After Dh2 Million Property Investment?
As Dubai continues to attract global talent and investment, the Golden Visa program offers a remarkable opportunity for foreign investors.
This long-term residency permit allows eligible individuals and their families to live independently in the UAE without the need for a local guarantor, making it an appealing option for those looking to establish a foothold in the region.
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What is the Golden Visa?
The Golden Visa is designed for various categories of investors, including those who invest in real estate. To qualify, investors must own one or more properties in the UAE valued at a minimum of AED 2 million.
This investment can be made through direct ownership or joint ownership of properties, providing flexibility for new investors.
The Investment Process
To obtain the Golden Visa, potential investors need to follow a structured process:
- Acquisition of Qualifying Property: Investors must secure real estate that meets the AED 2 million threshold. This can include off-plan properties purchased from approved local companies.
- Registration and Title Deed: Once the property is acquired, it must be registered with the Dubai Land Department, which will issue a title deed confirming ownership.
- Application Submission: The Golden Visa application can be submitted through the Dubai Land Department, the General Directorate of Residency and Foreigners Affairs, or designated smart platforms like Dubai REST.
- Supporting Formalities: Applicants must complete necessary procedures, including a medical fitness test and Emirates ID registration.
- Issuance of Visa: Upon approval, investors will receive a 10-year residency visa, which can be renewed provided they continue to meet eligibility requirements.
Benefits of the Golden Visa
This residency permit provides numerous advantages, including:
- Long-Term Stability: The Golden Visa offers a secure long-term residency option, facilitating a stable life in Dubai.
- No Local Guarantor Required: Investors can reside in the UAE without the need for a local sponsor, enhancing independence.
- Family Inclusion: The Golden Visa extends to family members, allowing investors to bring their loved ones along.
Health Insurance Requirement
To qualify for the Golden Visa, investors must also secure comprehensive health insurance for themselves and their families throughout the validity of the residency permit.
For new investors looking to make a mark in Dubai, the Golden Visa presents an attractive pathway. With a minimum investment of AED 2 million in real estate, individuals can unlock a world of opportunities in one of the fastest-growing cities in the world.
For further guidance and to initiate the application process, prospective investors are encouraged to consult with the General Directorate of Residency and Foreigners Affairs or explore authorized platforms for assistance.
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Khaleej Times
