Dubai Golden Visa for Property Buyers: A Gateway to Life in the UAE (2024 Update)

Introduction:

In October 2022, the government of Dubai introduced new rules for granting Golden Visa To buyers of property in the United Arab Emirates, it has created a unique opportunity for investors and applicants looking to live in one of the most advanced and dynamic countries in the world.
This project is considered a gateway to a dream life in Dubai and the United Arab Emirates, and literally, Investing in a dream future Is.

new conditions:

• Property value:
  • Minimum property value to receive golden visa 5 million dirhams At Freehold areas (has the right of permanent ownership) such as Dubai Marina, Palm Jumeirah, etc.
  • To Leasehold areas (with the right of temporary ownership) such as Dubai Hills, Dubai Land, etc., minimum property value 10 million dirhams Is.
• Property Type:
  • The purchased property must residential be
  • Buy business units Not included in this plan.
• payment method:
  • Cash payment Or Mortgage It is unimpeded.
  • If you use a mortgage, 50% The value of the property must be paid in cash.
• Duration of ownership:
  • The applicant must At least 3 years Maintain ownership of the property.
  • If the property is sold before 3 years, the golden visa will be canceled.

These new conditions are designed to attract investors and people who wish to live in Dubai long-term. With a fair valuation for all types of property and flexibility in the payment method, the government of Dubai strives to provide countless facilities and benefits to this category of applicants.

Benefits of Dubai Golden Visa

receive Golden Visa Not only a gateway to luxury life And advanced It is in Dubai, but it brings many benefits for investors and their families.

Family benefits

• Include wife and children In visa, possibility family life It makes it safe and stable.

Work and study facilities

• Work without a sponsor And education At UAE schools and universitiesIt creates a bright future for people and their children.

New benefits:

• Visa for 5 years With the possibility of extension
• Including spouse and children in visa
• The possibility of working without a sponsor
• Studying in UAE schools and universities
• Family benefits
• Access to medical and welfare services
• Visa-free travel to member countries of the Persian Gulf Cooperation Council

Key changes:

• Increasing the minimum property value To get a visa from 2 million dirhams to 5 million dirhams
• Separation conditions for Freehold and Leasehold areas
• Permission to use a mortgage To buy property

Comparison of the new law with the previous law:

Property	New law	Previous law
Minimum property value	5 million dirhams (Freehold) / 10 million dirhams (Leasehold)	2 million dirhams
Property Type	residential	Residential and commercial
Mortgage	Allowed (50% cash payment)	It was not allowed
Duration of retention of ownership	3 years	5 years
Visa validity	5 years	5 or 10 years

General benefits of the Dubai Golden Visa:

• Long-term residence without the need for annual renewal
• Work without a sponsor
• Studying in UAE schools and universities
• Family benefits
• Access to medical and welfare services
• Visa-free travel to member countries of the Persian Gulf Cooperation Council

Procedures for obtaining Dubai Golden Visa:

1. Select the desired property
2. Buying property and registering the title deed
3. Conduct medical examinations
4. Submit the required documents to the immigration office
5. Payment of relevant fees
6. Get a visa

Required Documents:

• Valid passport
• Visa application form
• Property ownership document
• Clearances
• Medical Certificate
• personal photo
• Financial documents

Golden visa fees:

1. Visa application fee: 4,200 dirhams
2. Cost of medical examinations: 1,000 dirhams
3. Visa issuance fee: 3,000 dirhams
4. Ancillary costs (such as translation of documents, etc.)

important points:

• The terms and conditions of the Dubai Golden Visa are constantly changing. Before applying for this visa, be sure to find out about the latest rules and regulations.
• For more information about Dubai Golden Visa, you can refer to the following sources:
  • The official website of the United Arab Emirates government
  • Reputable immigration agencies

Conclusion:

The new Dubai Golden Visa law is a unique opportunity for investors and applicants who are looking to live in one of the most advanced and dynamic countries in the world. This visa provides many benefits for you and your family, including long-term stay, working without the need for a sponsor, studying in UAE schools and universities, and access to health and welfare services.

Frequently Asked Questions:

For those looking Investing in a dream future are, Sama land It offers distinctive services in the field of buying property and obtaining a golden visa in Dubai. By using our services, you can confidently step on the path to obtain a golden visa and start your new life in Dubai, one of the world's top cities to live and work.