Good news for Dubai Real Estate Investors! With the new law in effect to get approved for a 10 year Golden Visa The property purchase amount needs to be a minimum of 545,000 USD, But the interesting thing is the government allows 50% of the amount to be paid right away and the other 50% can be paid off by mortgage or a Interest free payment plan directly from the developer.
In Dubai, the number of Golden visas issued increased by 52% in the first half of 2023.
Friends, we share with you interesting statistics from GDRFA on the issuance of Golden visas in Dubai.
According to the General Directorate of Residents and Foreigners Affairs in Dubai (GDRFA), in the first half of 2023, the number of golden visas issued increased by 52% compared to the same period last year.
As of November 2022, Dubai has issued more than 150,000 golden visas to residents, investors, professionals and others.
In total, Dubai saw a 63% increase in the number of resident visas in 2023, while the number of tourist visas increased by 21% between January and June as foreign investors seeking better residency and business prospects, as well as tourists, Those looking to explore the UAE continue to flock to the emirate.
Introduced in 2019, the Golden visa allows foreigners to live, work or study in the country for up to 10 years, and also provides a number of other advantages compared to a regular resident visa.
Dubai's population has grown significantly since the COVID-19 pandemic as the government has created better conditions to attract foreign investors and professionals to stay, ensuring a successful fight against the pandemic. The increase in the number of residents was also facilitated by the holding of the world exhibition Expo 2020 in Dubai in 2021-2022.
Since January 2023, the emirate's population has grown by more than 72,700 people, reaching 3.62 million, up from 3.55 million at the beginning of the year.
We remind you that for the purchase of real estate worth $205,000 or more, a visa is issued for 2 years, and from $545,000 a “Golden” visa is issued for 10 years. And buying real estate is the easiest way to obtain a residence permit in the UAE.
Questions? Comments? Feel free to contact me I would be happy to assist you!
Sergio Bugrin
Dubai Real Estate Specialist
Phone/Watsapp: +971581768842
Office@DubaiLiving.VIP
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