New Golden Visa Regulations Are Boosting Demand

Investing in a property for sale in Dubai has a lot of advantages, whether you’re planning on getting a commercial property or looking for a residential property that you can occupy.

Thanks to new visa regulations which will be implemented in September 2022, inquiries on Dubai real estate tripled along with the increasing interest of foreign investors and ex-pats to apply for visas and invest in properties in Dubai.

What is a Golden Visa?

As you may already know, the UAE’s ‘Golden visa’ is a long-term residency visa that enables expatriates, foreign investors, entrepreneurs, and professionals to live and work or study in the UAE without requiring a UAE national sponsor. Those who are granted the visa may enjoy exclusive benefits which include: an entry visa for six months with multiple entries to proceed with residence issuance. It is a long-term, renewable residence visa valid for 10 years.

How is it boosting the demand for real estate Dubai?

The duration of the visa has been extended to 10 years, which is twice as long as the previous five years.
With the new policy, the investment amount has been reduced to AED 2 million from 5 million. In an additional reform, property buyers owning multiple properties with a combined value of AED 2 million eligible for the visa are set to make investing in properties more convenient. This means that they don’t have to search for or own one property that is worth AED 2 million. In case you are not familiar with the legal processes or you’re sure where to look for properties, you may reach out to companies like Rock Real Estate Dubai for the services you require.
Dubai is already known for its trademark flexibility for foreign investors. With the new policies, investors will be able to secure financing from local banks to fund property acquisitions. Investors are also not required to pay AED 2 million up-front; rather, an initial payment followed by a series of staggered payments would still comply with eligibility requirements for a Golden Visa.

If you are looking to acquire a new property or you need guidance on property management Dubai, you may get in touch with one of our experts at Rocky Real Estate whose knowledge and experience can help you obtain the best return on your real estate investment. We can also help you find a residence, office space, or freehold property anywhere in Dubai.