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- 16 March 2023
- Real-estate
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- 02 Mins
Dubai, the largest city in the United Arab Emirates (UAE), is one of the world’s most sought-after destinations for business, leisure, and investment. Its stable economy, cosmopolitan culture, and strategic location at the crossroads of Asia, Europe, and Africa make it an attractive hub for entrepreneurs and investors alike.
One of the most popular ways to obtain residency in Dubai is through the Golden Visa program, which was launched in 2019. The program offers long-term residency permits to foreign investors, entrepreneurs, and talented individuals who meet certain criteria.
One of the easiest and most straightforward ways to obtain a Dubai Golden Visa is through real estate investment. This involves purchasing a property in Dubai worth at least AED 2 million and holding it for a minimum of three years.
Here’s a step-by-step guide to obtaining a Dubai Golden Visa through real estate investment:
Choose a property: The first step is to choose a property that meets the minimum investment requirement of AED 1 million. There are plenty of options available, including apartments, villas, and townhouses, in both established and upcoming areas of Dubai.
Conduct due diligence: Before making a purchase, it’s essential to conduct thorough due diligence on the property, its location, and the developer. This will help you avoid any potential issues or pitfalls down the line.
Complete the purchase: Once you’ve chosen a property and conducted due diligence, the next step is to complete the purchase. This involves paying the purchase price and any associated fees, including registration fees, agent fees, and transfer fees.
Obtain a residency visa: With the property purchase complete, you can now apply for a residency visa. The process typically involves submitting a range of documents, including a copy of your passport, proof of your investment in the property, and a tenancy contract or title deed.
In addition to providing a pathway to residency, a Dubai Golden Visa through real estate investment also offers several other benefits. These include the ability to work and live in Dubai without the need for a local sponsor, access to public services such as healthcare and education, and the opportunity to invest in one of the world’s most dynamic real estate markets.
In conclusion, obtaining a Dubai Golden Visa through real estate investment is a straightforward and accessible pathway to residency in one of the world’s most dynamic and exciting cities. With a little bit of due diligence and careful planning, anyone can take advantage of this unique opportunity and become a part of the thriving Dubai community.
