The UAE is known for its investment opportunities, glittering skylines and daring tourist attractions such as Skydive Dubai, Desert Safari, scuba diving and many more. However, one of the major contributing factors to its GDP that continuously boosts the nation’s economy is the country’s real estate industry.
The UAE offers many investment opportunities for those who wish to expand their property portfolio. From small two bedroom townhouses in Jumeirah Park, to large luxury properties in Jumeirah Islands. You are guaranteed to find something that will fit your needs as a resident or generate a high ROI for your net returns.
Regardless of the area where you decide to make your next investment or which property type, it will be rewarded with added benefits with a UAE golden visa.
Golden Visa Requirements
There has been a change in the Golden Visa requirements. Prior to the change made by the UAE government for investors, an initial property investment of AED 2,000,000 or more was required. The new changes have made the UAE Golden Visa more accessible for foreign investors and residents, alike. You can apply for a Golden Visa if you meet the following criteria:
- Own a property with a Title Deed worth AED 2,000,000 or more
- Earn a salary of AED 30,000 or more
- You’ve been a Director, Chairman or General Manager for 4 years or more
- You are an influential professional involved in UAE art and culture
This entails that an equity investment of AED 2,000,000 is no longer required, as the only condition that must be met is that the property should be valued at the figure mentioned above. If you’re paying off a property with a mortgage that is worth AED 2M, you can now apply for a Golden Visa and reap the benefits.
UAE Golden Visa benefits
You and your immediate family can benefit from a Golden Visa, obtained through a property investment. You’ll be able to sponsor your spouse and kids for a period of ten years with the flexibility of multiple entries to the country. It also permits the sponsorship of unlimited domestic helpers.
The UAE Golden Visa also permits you to sponsor your children until the age of 25. Allowing them to stay in the country without the need of a student or work visa.
Golden Visa holders also get a special health insurance package. Starting from under AED 2400, the plans will cover claims of up to AED 20,000,000. Three levels of cover are available to all UAE Golden Visa holders and their immediate dependents: Core Silver, Enhanced Gold and Premier.
Other benefits involve special discounts provided by the Dubai Police Esaad privilege card. You can enjoy exclusive discounts across 7,237 brands spread across the country and 92 countries world wide. You may also enjoy discounts in school fees from selected institutions such as: The American School of Creative Science, Kempinski Palm Jumeirah, along with offers in Fly Dubai flights and many more.
How long does a Golden Visa last for?
The duration for a Golden Visa is 10 years. Renewal is possible after its expiration date if you still meet the original requirements. A property investment is a quick and easy way to secure your stay in the UAE. Get in touch with us and we’ll find you an ideal property investment.
