Dubai isn’t just about luxury, it’s also about smart incentives. Among the myriad reasons for investing in Dubai’s real estate, the «Golden Visa» shines the brightest. This unique scheme links property investment with residency rights, making it an attractive proposition for international investors. Let’s delve into the specifics of how you can turn your Dubai property purchase into a golden ticket for prolonged stay!
What is the «Golden Visa»?
The «Golden Visa» is a residency program offered by the UAE government, allowing property investors to acquire a resident visa based on their investment. This isn’t just a token gesture. The visa offers genuine, long-term residency, which is renewably dependent on certain conditions.
Criteria for the Golden Visa:
2-Year Residency:
Property Value: To qualify for a 2-year residency, the minimum property value should be AED 750,000 (approximately $204,000).
Property Status: Only properties that are completed and ready for occupancy are eligible for this category.
10-Year Residency — The True “Golden” Visa:
Property Value: Those eyeing the prestigious 10-year residency must invest in a property valued at AED 2 million (around $545,000).
Property Status: Unlike the 2-year visa, the 10-year “Golden Visa” allows for properties that are still under construction (off-plan).
Why Consider the «Golden Visa»?
- Flexibility: With the “Golden Visa”, you’re not bound to any job or sponsor. This offers a level of flexibility and freedom that’s rare in the region.
- Family Inclusion: The visa can also cover your family, allowing them to reside, study, and work in the UAE.
- Tax Benefits: The UAE’s tax-friendly regime further sweetens the deal. With no property tax, inheritance tax, or personal income tax, your investment and earnings remain largely yours.
Conclusion:
Dubai’s real estate market is not just about properties; it’s about the life and opportunities those properties can offer. The «Golden Visa» amplifies this by providing a pathway to long-term residency. For those who love the vibrancy, safety, and luxury that Dubai offers, this is an opportunity to make the city your second home.
City Panther offers post-purchase services such as property management, rental, design and of course visa assistance. Interested in obtaining Golden Visa? Contact us today!