- In Dubai, the surge in property prices, especially in areas like Downtown, Palm Jumeirah, and Dubai Hills, has surpassed Dh2 million, making it easier to apply for a coveted 10-year Golden Visa.
- This visa is highly sought by foreigners, with a 50% increase in issuances recorded in the first half of 2023. To apply, property owners must have assets valued above Dh2 million, verified through the Dubai Land Department (DLD).
- Applying for evaluation involves submitting documents through DLD’s Real Estate Services Trustee Offices or the Dubai REST app, with a fee of Dh4,000 plus additional fees.
- The owner receives an evaluation certificate within 1 to 8 business days. Notably, investors can also combine the values of multiple properties to meet the Dh2 million requirement.
- The Golden Visa brings forth a range of benefits, including long-term residence, independence from the need for a sponsor, and the ability to sponsor family members. Moreover, it opens avenues for entrepreneurs, allowing visa holders to start and operate their businesses in Dubai.
Menu
Menu
