Dubai Golden Visa Update: No more AED 1M down payment for property investors

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In this blog post, we explore the different types and categories of the UAE Golden Visa and highlighting its significance for investors and professionals, empowering you to make a well-informed choice regarding your prospective endeavors in the UAE.

As per the latest update: The UAE golden visa by real estate will reportedly no longer require a 50% down payment.

Prior to the decision, real estate investors seeking to obtain the golden visa had to pay at least AED1 million (approx. $270,000) as a downpayment before becoming eligible for the 10-year visa. The total amount of property purchased remains at AED2 million (approx. $550,000).

Previously, to qualify for the 10-year renewable residency program, which was introduced in 2019, investors were required to acquire property valued at Dh2 million or above. But for properties bought on mortgage or instalment plans, homebuyers had to make a minimum down payment of Dh1 million, or 50 per cent of the property’s value, to the bank or developer to be eligible for the golden visa.

Now, investors can qualify for the golden visa if the property’s value is Dh2 million or more, regardless of whether it’s off-plan, completed, mortgaged or not mortgaged.

However, the change has not yet been reflected on the Dubai Land Department’s and Dubai’s General Directorate of Residency and Foreigners Affairs website.

What is UAE Golden Visa:

UAE Golden Visa initiative is designed to attract and retain individuals of exceptional talent, investors, and executives, providing them with long-term residency in the UAE. As a Golden Visa holder, you can enjoy the flexibility to travel, work, study, and sponsor family members, contributing to the UAE’s reputation as a global hub for business and lifestyle.

The program offers a 10-year residency to those meeting specific criteria, including a monthly salary above AED 30,000, an investment of AED 2 million or more, or ownership of property valued at AED 2 million and above, with a minimum initial payment of AED 1 million already made.

Explore top categories of UAE Golden Visa!

Top 7 Advantages of UAE Golden Visa:

  1. Can work, reside, travel, and invest in the UAE.
  2. Long-term renewable visa valid for 10 years.
  3. Can sponsor yourself and your family members regardless of their ages.
  4. Can sponsor unlimited number of domestic helpers.
  5. You will be allowed for multiple entries followed by the issuance of residency permits.
  6. You can stay outside of the UAE for any duration without having to nullify your Golden Visa.
  7. Allows your family to stay within the UAE until the end of the duration of the Golden Visa even in the event of the primary visa holder’s death.

Apply for UAE Golden Visa Today!

How Decision Management Consultants Can Help?

Navigating the complexities of obtaining the UAE Golden Visa can be a daunting task. That’s where DMC business services comes in. With over 30+ years of UAE experience, our team of experts has a strong on-the-ground presence in the UAE, allowing us to provide unparalleled guidance and support throughout the entire Golden Visa application process.

At Decision Management Consultants, we pride ourselves on providing our clients with customized solutions that are tailored to their specific needs and goals. We understand that every business is unique, and our team of experts will work closely with you to develop a strategy that meets your specific requirements.

For more information about UAE Golden Visa, please call us on +971-4-262 40 23

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