Golden Opportunity: Property Investors Welcome New Ease in UAE Golden Visa Eligibility

Exciting changes are underway for investors seeking a Golden Visa in the UAE, as the eligibility requirements for property investors have been significantly eased.
 
DUBAI, UAE - Feb. 1, 2024 - PRLog -- Exciting changes are underway for investors seeking a Golden Visa in the UAE, as the eligibility requirements for property investors have been significantly eased. The UAE government has announced the removal of the Dh1 million minimum down payment for real estate investments, marking a groundbreaking shift in the Golden Visa program. This development presents a golden opportunity for investors to tap into the thriving UAE property market and secure a 10-year residency visa.

Key Changes to Golden Visa Requirements:

As of January 24, 2024, the UAE has abolished the minimum down payment requirement of AED 1 million or 50 percent of the property's value for the property Golden Visa. This means that, regardless of the down payment amount and the property's status (off-plan, completed, mortgaged, or not mortgaged), investors can now qualify for a Golden Visa by owning a property worth AED 2 million or more.

Unlocking Long-Term Residency:

Investors who wisely choose properties valued at Dh2 million or more can now unlock the door to long-term residency in one of the world's most dynamic regions. The Golden Visa, valid for 10 years and renewable under the same terms, allows investors to become an integral part of the UAE's vibrant community and grow their investments.

UAE Golden Visa Eligibility for Real Estate Investors:

To be eligible for a UAE Golden Visa under the revised rules, real estate investors must:
  • Provide a letter from the land department of the respective emirate confirming ownership of one or more properties valued at no less than 2 million dirhams.
  • Acquire a property through a loan from specific local banks approved by the competent local entity.

Land Department Consideration:

While the minimum payment requirement has been abolished, the final approval of the Golden Visa application is subject to the land department's consideration on a case-by-case basis. This ensures a fair and individualized assessment of each applicant.

About D&B Properties:

Over the years, D&B Properties has developed and expanded from excelling exclusively in the off-plan sector, into a multicultural holding company called Bayari Holding with several prosperous divisions - D&B Properties, D&B Investments & Advisory, D&B Luxury, REAL (Real Estate Asset Leaders), RECE (Real Estate Commercial Experts), and Homes & Beyond (Holiday Homes).

"We provide our clients with access to exclusive real estate and business projects, priceless knowledge of the market, and a commitment to maximizing financial profitability on all investments," affirmed Soliman Hossameldin, Director of Digital Marketing of D&B Properties.

For further information, please contact:

D&B Properties
inquiry@dandbdubai.com
+971 4 871 9200
https://dandbdubai.com
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