The UAE has announced new changes to its Golden Visa program. The amendments help to simplify eligibility and expand the categories of beneficiaries.
New amendments now allow real estate investors to obtain the highly sought-after Golden Residence Visa when purchasing a property that is worth no less than AED 2 million.
As per these new amendments, investors are also entitled to obtain this long-term visa when purchasing a property with a loan from specific local banks. Investors can also get the residence when buying one or more off-plan properties of no less than AED 2 million from approved local real estate companies.
This long-term, 10-year residency is also granted to entrepreneurs, exceptional talents, scientists and professionals, outstanding students and graduates, humanitarian pioneers, and frontline heroes.
Recent amendments also allow the Golden Visa holders to sponsor their family members including spouses and children of any age. Family members are allowed to stay in the UAE in the event of the death of the Golden Visa holder.
Holders of the coveted visa can stay outside the UAE for as long as they need, without it affecting their residence. Previously, residents who stayed outside the UAE for six months or more lost their residency.
For more information on obtaining the Golden Visa or investing in Dubai property, please reach out to our trained investing experts.