The Ultimate Guide to Dubai's Golden Visa: How to Get Yours Today!

Dubai has long been a highly desirable destination for property buyers and investors. With its remarkable economic growth, prime location, and exceptional infrastructure, it's no surprise that Dubai has become a focal point for global real estate investment.

Over the years, the UAE government has introduced several initiatives to promote foreign investment, including the Golden Visa.

The Golden Visa is a residency program that enables eligible individuals and their families to acquire long-term residency in the UAE. Since its launch in 2019, it has undergone significant changes, rendering it even more appealing, particularly for real estate buyers and investors.

In this article, we will provide a comprehensive overview of the Golden Visa, including its eligibility criteria and advantages. We will also examine the most recent updates and improvements that have made this scheme even more attractive to real estate buyers and investors looking to invest in Dubai's market.

Whether you are new to real estate investment or an experienced buyer, our guide to Dubai's Golden Visa will provide you with all the necessary details about the program and how it can benefit you. So let's dive in!

What is Dubai’s Golden Visa?

Dubai's Golden Visa is a residency program that aims to attract talented individuals and investors to the UAE. Launched in 2019, the program was initially targeted at certain groups of professionals, such as entrepreneurs, investors, scientists, exceptional students, and graduates, with the goal of promoting economic growth, innovation, and entrepreneurship in the UAE.

In 2022, the program was expanded to simplify the eligibility criteria and increase the categories of applicants. The expansion aimed to further encourage investment in the UAE's real estate market, which has been a significant contributor to the country's economic growth in recent years.

The Golden Visa program offers an excellent opportunity for individuals interested in investing in Dubai's real estate market. With the program's long-term residency benefits, individuals can establish a stable and secure future for themselves and their families, potentially owning a property in the UAE that could yield significant returns.

What are the updated Golden Visa requirements?

On October 3, 2022, the Golden Visa program in Dubai underwent significant changes, creating new opportunities for real estate buyers and investors. One of the most significant changes is the reduction of the minimum property investment required to obtain the Golden Residence.

Previously, a minimum investment of AED 5 million was necessary to be eligible for the program. However, under the new rules, buyers and investors can now obtain the Golden Visa when purchasing a property worth no less than AED 2 million, making the program more accessible than ever before.

Furthermore, the new rules expand the eligibility of the program to include off-plan properties, making it easier for buyers and investors in Dubai who wish to purchase one or more off-plan properties from approved developers, with a value of no less than AED 2 million.

Buyers and investors can also now obtain the Golden Visa when purchasing a property with a mortgage from specific local banks, providing them with greater flexibility and options.

Finally, under the new rules, a husband and wife can jointly own and share one property, provided they present a valid marriage certificate as proof.

What are the benefits of a Golden Visa?

The Golden Visa program in Dubai offers a variety 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 include:

• Long-term residency for up to 10 years.
• The ability to own and operate a business in Dubai.
• Access to education, healthcare, and other public services.
• The ability to sponsor family members for their residency in Dubai.
• The ability to sponsor children, regardless of their age.
• The ability to travel abroad without affecting residency status.
• The ability to sponsor an unlimited number of domestic helpers.
• The permit for family members to stay in the UAE until the end of their permit duration, even if the primary holder of the Golden Visa passes away.

These benefits offer significant advantages for individuals interested in investing in Dubai's real estate market. With the program's long-term residency benefits, individuals can establish a stable and secure future for themselves and their families, while also enjoying the benefits of living in one of the world's most vibrant and cosmopolitan cities.

The Golden Visa program in Dubai presents a unique opportunity for property buyers and investors looking to establish a presence in the UAE. In addition to providing long-term residency for up to 10 years, it also offers numerous benefits such as the ability to own and operate a business, access public services, and sponsor family members for residency.

If you're interested in obtaining your Golden Visa in Dubai, we can provide the support and guidance you need throughout the entire process. We can help you select the right property and assist you in completing all the necessary paperwork. Don't hesitate to get in touch with us to learn more!