Introduction
The 10-year Golden Visa remains one of the most sought-after residency options in the UAE for property investors, and the minimum property investment threshold remains AED 2,000,000. However, a significant update offers new possibilities for those with properties that have appreciated in value. At Fam Conveyancing, we've encountered multiple instances where clients who initially purchased properties for less than AED 2,000,000 can now leverage their increased property value to qualify for the Golden Visa.
Maximizing Property Valuation for the Golden Visa
A critical part of this process involves property gifting to first-degree family members, such as spouses, children, or parents. The Dubai Land Department (DLD) requires a property valuation and a No Objection Certificate (NOC) from the developer to complete the gifting process at the reduced rate of 0.125% of the property value.
What makes this particularly exciting is that properties purchased for under AED 2,000,000 might now be worth significantly more, especially in today's market. With an official valuation report from the DLD, the new property owner may be eligible to apply for the Golden Visa, opening doors for them to sponsor their spouse, children, and even parents.
How It Works: Property Valuation & the Golden Visa
If you suspect that your property has appreciated beyond AED 2,000,000, the first step is to verify its current market value. This can be done using the DXB Interact portal, which provides a transparent view of recent property sales and market values across Dubai. Once you've identified that your property meets the threshold, Fam Conveyancing can connect you with a licensed and accredited property valuation company recognized by the Dubai Land Department.
The valuation report will serve as your gateway not only as a required report when conducting gifting of your property but also to secure the 10-year Golden Visa. With our expert team handling the process, you can rest assured that all legalities and documentation are thoroughly taken care of.
The Benefits: Beyond Residency
Securing a Golden Visa is more than just a long-term residency option. It grants you and your family enhanced security, freedom of movement, and access to long-term investments and opportunities within the UAE. With the ability to sponsor your loved ones—including your spouse, children, and parents—the Golden Visa offers peace of mind for families looking to make Dubai their permanent home.
Why Fam Conveyancing?
Navigating the Golden Visa requirements can be complex, but Fam Conveyancing’s expert team ensures a seamless experience. From property valuations to legal documentation and DLD compliance, we provide all the necessary support to make your property gifting and Golden Visa process smooth and stress-free.
The UAE’s Golden Visa program continues to be an invaluable opportunity for property investors. With the updated valuation rules, even properties initially purchased for less than AED 2,000,000 may now qualify. Take advantage of these developments and secure a Golden Visa for you and your family today.
For personalized assistance, contact us at 00971588229107, 00971521289592, or via email at [email protected] or [email protected]. Explore more about our services at www.famconveyancing.com.
Let Fam Conveyancing guide you through every step—because your future deserves the best.