Exciting news for aspiring residents and investors! Dubai’s renowned Golden Visa program has undergone a significant transformation, making it more accessible and enticing than ever before. As of January 24, 2024, the minimum down payment requirement for property investors has been eliminated.
Previously, securing a Golden Visa through real estate required a minimum investment of AED 2 million (approximately USD 545,000), with an additional down payment of AED 1 million (around USD 272,000) for properties purchased on mortgage or installment plans. This hurdle has now been removed, opening doors to a wider range of investors.
What are the benefits of this change?
- Lower entry point: Any property valued at AED 2 million or more can now qualify you for a Golden Visa, regardless of the down payment amount. This broadens the scope for investors with varying financial circumstances and offers greater flexibility in your investment strategy.
- Increased accessibility: This change is expected to attract more investors to Dubai, potentially leading to a more vibrant and diverse community. It also underscores the government’s commitment to establishing Dubai as a global hub for talent, entrepreneurs, and investors.
- Simplified process: With the down payment requirement gone, the application process for the Golden Visa through property investment is expected to become more streamlined and efficient.
But wait, there’s more!
The relaxed down payment rule isn’t the only advantage of the Golden Visa:
- 10-year residency: Enjoy a long-term residence visa, renewable for an additional 10 years, providing stability and peace of mind.
- Multiple dependents: Include your spouse, children, and even parents in your visa application.
- Tax benefits: Benefit from a tax-free environment, making Dubai an attractive option for high-net-worth individuals.
- Business opportunities: Establish a business in Dubai and leverage the emirate’s strategic location and dynamic economy.
Is the Golden Visa right for you?
Carefully consider your individual circumstances and goals. If you’re seeking a stable and thriving environment to invest, live, and work, the Golden Visa could be your gateway to exciting opportunities. Remember, consulting with an immigration expert is crucial to ensure you meet all eligibility requirements and navigate the application process smoothly.
Contact Bandenia Homes Real Estate today to explore your Golden Visa options and unlock your dream life in Dubai!