UAE Golden Visa’s now available through property investment

From October 3rd 2022, the UAE’s coveted golden visa has been made available to property investors who own property (or owned share) with a value of AED 2 million or above. In addition to the 10 year time frame of the golden visa’s, additional benefits include the ability for holders who stay outside the UAE to retain their visa, and to sponsor your family and children up to the age of 25. This will enable them to remain in the UAE after school and university. Under the new amendments, investors will also be entitled to obtain the visa’s if they purchase off plan properties, or mortgage the property through specific local banks

This was introduced alongside other major changes which were approved in April, including longer visit visa’s for tourists, changing to 60 day s from 30 days, five year green visa’s aimed at skilled workers, freelancers and the self employed, and the introduction of a 6 month grace period for people who have canceled their visa. Previously this was one month.

There have also been amendments to the other type of visa available through property investment. In order to now get the 3 year renewable visa, you must own property over AED 750,000, down from AED 1 million. Mortgaged properties are accepted if 50% of the property value (or at least AED 750,000) is settled, and it must be a ready property.