UAE Golden Visa

Golden Visa: A Comprehensive Guide for Dubai Buyers and Investors

Dubai’s real estate market has consistently drawn the interest of both buyers and investors due to its impressive economic growth, strategic location, and top-notch infrastructure. This has established Dubai as a global hotspot for property investment.

In recent years, the UAE government has taken proactive steps to further encourage foreign investment, one of which is the introduction of the Golden Visa program.

The Golden Visa program is a residency scheme designed to grant eligible individuals and their families the opportunity to secure long-term residency in the UAE. Since its launch in 2019, the program has seen significant enhancements, making it especially attractive to individuals interested in real estate investment in Dubai.

In this blog, we aim to provide a comprehensive overview of the Golden Visa program, including its eligibility criteria and associated benefits. We will also delve into the recent updates and modifications that have made this program even more appealing to real estate enthusiasts and investors eyeing Dubai’s property market.

downtown dubai burj khalifa

Whether you’re new to real estate investment or a seasoned buyer, our guide on Dubai’s Golden Visa program will furnish you with all the essential information you require to understand this program’s advantages and how it can work to your benefit. Let’s get started!

1. What is Dubai’s Golden Visa?

Dubai’s Golden Visa is a program introduced in 2019 with the primary objective of attracting talent and investment to the UAE. Initially, the program was geared towards specific professional groups, including entrepreneurs, investors, scientists, exceptional students, and graduates. Its overarching goal was to stimulate economic growth, foster innovation, and encourage entrepreneurship within the UAE.

In 2022, the program underwent an expansion that aimed to streamline eligibility criteria and broaden the range of eligible applicants. This expansion was a deliberate move to further incentivize investment in the UAE’s real estate sector, which has played a pivotal role in driving the nation’s economic growth in recent years.

Palm Jumeirah Dubai Guide

For individuals interested in investing in Dubai’s real estate market, the Golden Visa program presents an exceptional opportunity. It provides long-term residency benefits, allowing individuals to secure a stable and secure future for themselves and their families while also offering the potential for substantial returns on property investments in the UAE.

2. What are The Revised Golden Visa Eligibility Criteria?

The Golden Visa program in Dubai underwent significant changes on October 3, 2022, introducing new opportunities for real estate buyers and investors. Among the most noteworthy alterations is the reduction in the minimum property investment required to qualify for the Golden Residence.

Previously, individuals were required to invest a minimum of AED 5 million in real estate to be eligible for the program. However, the updated regulations now permit buyers and investors to attain the Golden Visa by purchasing a property valued at no less than AED 2 million, rendering the program more accessible than ever.

Furthermore, these new rules extend the program’s eligibility criteria to encompass off-plan properties. This adjustment simplifies matters for buyers and investors in Dubai who wish to acquire one or more off-plan properties, each valued at no less than AED 2 million, from approved developers.

dubai burj khalifa

Additionally, buyers and investors can now secure the Golden Visa when acquiring a property through a mortgage from specific local banks, providing them with increased flexibility and choice.

Lastly, under the revised regulations, a husband and wife have the option to jointly own and share a single property, provided they can furnish a valid marriage certificate as proof.

3. Golden Visa Benefits:

The Golden Visa program in Dubai offers a range of advantages to real estate buyers and investors, making it an attractive option for those seeking to establish a presence in the UAE. These benefits encompass:

  1. Long-term Residency: Eligibility for a residency permit lasting up to 10 years.
  2. Business Ownership: The ability to own and operate a business in Dubai.
  3. Access to Services: Access to education, healthcare, and other public services in the UAE.
  4. Family Sponsorship: The opportunity to sponsor family members for their residency in Dubai.
  5. Child Sponsorship: The capability to sponsor children, irrespective of their age.
  6. Residency Flexibility: The freedom to stay abroad without impacting one’s residency status.
  7. Domestic Helper Sponsorship: The ability to sponsor an unlimited number of domestic helpers.
  8. Extended Family Stay: The provision for family members to remain in the UAE until the conclusion of their permit duration, even in the event of the primary Golden Visa holder’s passing.
Ritz Carlton Mag Dubai Creek

4. Process for Applying for a Golden Visa

To apply for the Golden Visa in Dubai, you have two options: you can utilize the GDRFA-Dubai Smart Application or visit Amer Centers. Below are the straightforward steps to follow for each of these alternatives:

GDRFA-Dubai Smart Application:

  1. Download the mobile app.
  2. Create a new user account.
  3. Select the desired service.
  4. Attach the necessary documents.
  5. Make the payment for the service fees.
  6. Submit your request.

Amer Centers:

  1. Visit a service branch.
  2. Select your preferred service.
  3. Provide the required documents for verification.
  4. Wait for approval.
  5. Complete the payment for the service fees.
  6. Submit your application.

To know more about "Golden Visa: A Comprehensive Guide for Dubai Buyers and Investors" or wish to buy a property in Dubai, Contact with us on:

Call Whatsapp Email