Update: Changes to 10-Year Golden Visa Requirements
We are pleased to announce significant changes to the requirements for obtaining the coveted 10-Year Golden Visa through the Dubai Land Department. Effective immediately, investors seeking the 10-Year Golden Visa will no longer be required to make a down payment of AED 1,000,000 to banks or developers out of the AED 2,000,000 minimum investment.
Previously, investors were obligated to pay AED 1,000,000 as a down payment to secure the 10-Year Golden Visa, in addition to their property investment worth AED 2,000,000 and above. However, in line with our commitment to facilitating investment and residency opportunities in the UAE, this requirement has been updated.
Key Changes:
• Elimination of Down Payment Requirement: Investors are now eligible for the 10-Year Golden Visa with their minimum investment and purchase of properties valued at AED 2,000,000 and above.
• Simplified Process for Off-Plan and Mortgaged Properties: For off-plan properties, post payment plans, or mortgaged properties, the down payment of AED 1,000,000 is no longer necessary.
• NOC Requirement for Mortgaged Properties: Instead, investors need only furnish a No Objection Certificate (NOC) from the bank for mortgaged properties.
• Statement of Account for Off-Plan Properties: In the case of off-plan properties, investors are required to provide a statement of account from the developer, detailing the paid amount and remaining balance.
These adjustments aim to streamline the visa application process and encourage greater investment in the UAE real estate market. We believe these changes will further enhance the attractiveness of the Golden Visa program, positioning Dubai as a premier destination for investors seeking long-term residency opportunities.
At Fam Properties, we remain committed to providing unparalleled support to investors navigating the visa application process. Our dedicated team is composed to assist you at every step, ensuring a seamless and efficient experience.
For further inquiries or assistance regarding the updated Golden Visa requirements, please do not hesitate to contact us at 00971588229107, or email us at [email protected] or [email protected].
Alternatively, you can visit our website at www.famconveyancing.com for comprehensive information about our services. Embrace this opportunity to secure your 10-Year Golden Visa with confidence, backed by the expertise and guidance of fam Properties.