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UAE: Golden Visa Policy Change Presents New Opportunities for Real Estate Market
二月 26, 2024
UAE: Golden Visa Policy Change Presents New Opportunities for Real Estate Market 迪拜
By   Internet
  • 都市报
  • UAE Property
  • Down Payment Requirements
  • Golden Visa
  • Real Estate Market
Abstract: The recent announcement by the UAE government to abolish the minimum down payment requirement for obtaining a golden visa through real estate investment has garnered widespread attention globally.

Under the new regulations, investors only need to own property worth AED 2 million (approximately $545,000) or more to apply for a golden visa, without being restricted by the previous AED 1 million minimum down payment requirement. This change is expected to have far-reaching implications for the UAE's real estate market and related investments in the future.


The golden visa is a long-term residency visa offered by the UAE, providing foreigners with opportunities to reside, work, study, and enjoy various privileges in the UAE. The visa includes a 6-month entry permit and a long-term residency visa valid for 5 or 10 years, with the option for renewal as needed.


UAE: Golden Visa Policy Change Presents New Opportunities for Real Estate Market

Internet


This change has been widely welcomed by real estate experts, who believe it will bring new vitality and growth momentum to the UAE real estate market. Investors will find it easier to qualify for the golden visa, attracting more international investors to enter the UAE real estate market and driving local demand for real estate, especially in residential and commercial properties.


To apply for the UAE's golden visa, investors need to provide relevant documents and proofs, and meet conditions such as the total investment amount, shared ownership, joint ownership with a spouse, off-plan properties, mortgaged properties, among others. Additionally, applicants are required to pay certain fees to complete the golden visa application process.


This change will significantly promote diversification in the UAE's real estate market and attract more attention from international investors. Moreover, it presents new opportunities and impetus for the UAE's economic development. With increased investor interest and demand, it is expected that more real estate projects will be developed, leading to economic prosperity and increased employment opportunities locally.

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UAE: Golden Visa Policy Change Presents New Opportunities for Real Estate Market
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