UAE Golden Visa

Benefits of UAE Golden Visa:

The UAE Golden Visa stands out due to several distinctive features, making it a more coveted option compared to regular investor or employment visas:

• Multiple Entries:
  Facilitating residence issuance, the visa allows multiple entries within six months.
• Long-Term Validity:
  Offering a renewable long-term residence visa, individuals can opt for either 5 or 10 years.
• Sponsorship Exemption:
  Unlike other visas, the Golden Visa exempts holders from the requirement of a sponsor.
• Extended Stay Allowance:
  Permitting a stay outside the UAE for more than the standard six-month period, ensuring the maintenance of the residence visa’s validity.
• Family Sponsorship:
  Holders can sponsor family members, including spouses and children of any age.
• Domestic Helper Sponsorship:
  The visa allows the sponsorship of an unlimited number of domestic helpers.
• Family Continuation:
  In the unfortunate event of the primary Golden Visa holder’s decease, family members are authorized to remain in the UAE until the expiration of their permit duration.

UAE Golden Visa Eligibility Criteria for Real Estate Investors

Real estate investors seeking eligibility for a UAE Golden Visa, valid for 10 years and renewable under the same terms without a sponsor, must meet the following conditions:

• Property Ownership Confirmation:
  Provide a letter from the land department of the respective emirate, confirming ownership of one or more properties valued at no less than 2 million dirhams.
• Loan Acquisition:
  Alternatively, investors can qualify for the Golden Visa by acquiring a property through a loan from specific local banks approved by the competent local entity.

As of January 24, 2024, the UAE has eliminated the previous minimum payment requirement of AED 1 million or 50 per cent of the property’s value for the property Golden Visa. This means that regardless of the downpayment amount and the property’s status (off-plan, completed, mortgaged, or not mortgaged), eligibility for a Golden Visa is attainable if the property is valued at AED 2 million. The final approval of the application remains subject to the land department’s consideration on a case-by-case basis.