Free Golden Visa: A few property developers in Dubai are known to cover the costs for 3 relatives at most. The ten-year visa, through investing in real estate or otherwise, has gained quite a favor among the affluent.
In order to gain high-net-worth individual buyers, some developers in Dubai are providing and arranging for many Golden Visas to their investors and their families. The 10-year residency program in the UAE is open for investors and end-users who buy property worth Dh2 million or above.
What You Need To Know About Dubai’s Golden Visa
Dubai’s biggest private property developer, Damac Properties, has been providing and paying for three Golden Visas for each buyer of the Violet unit in Damac Hills 2 development project. The announcement made by the master developer shows that all 600 units of Violet Phase 3 worth Dh1.2 billion were sold out within a few hours after the launch revealing that the demand for the Golden Visas is still high among the property buyers.
According to Amira Sajwani, managing director of Damac Properties, investors are actively purchasing real estate in Dubai due to the advent of golden visas. This is also one thing that investors do not know they can get because it is still new. “We wanted to be a pioneer in the market to offer this as a token of appreciation to investors who have trusted us with their investments,” Amira Sajwani, managing director at Damac Properties, reveals.
For investors, getting a 10-year visa by means of property investment or through other means has been in vogue.
“The UAE’s Golden Visa programme has a long-term option for investors, entrepreneurs and other highly skilled individuals of up to 10 years. To be eligible, the investment should not be less than Dh2 million towards local properties or businesses. The programme has been instrumental in the outflow of the talent and investment attracted into the country,” stated Get Golden Visa, which assists in getting second residency or citizenship.
Now Get Golden Visas Processed In House: Samana Developers
Furthermore, Imran Farooq, the Chief Executive Officer of Samana Developers, has stated that they provide many Golden Visas and process Golden Visas in-house.
“There is no requirement for this reason to go to the government ministries. The Samana visa processing team manages the entire visa procedure. In the case of spouse and co-partner ownership, Samana Developers can also take care of shared properties,” he mentioned.
An Opportunity to Get Multiple Golden Visas: Blanco Thornton Properties
Danish Shareef, managing director of Blanco Thornton Properties Dubai, also spoke on the matter, revealing that real estate developers even go as far as providing and paying for multiple Golden Visas for their investors and their families thanks to the long-term residency offered alongside other numerous benefits that come with their various investment packages.
“Blanco Thornton Properties provides the opportunity of the Golden Visa program to those who purchase any property of the value of Dh2 million and above at our Al-Barari, Majan development, among many others that we will be establishing in various prime areas of Dubai,” he stated.
Speaking on the significance of ten-year residency, he stated how Golden Visas have been a pull factor for investors and wealthy individuals from all around the world.
Elton Real Estate Development
Anmoll D Shroff, founder and chairman of Elton Real Estate Development, remarked that in Dubai, the developers often pay for the visa considering it as a part of their strategy. That enhances the property deals quite significantly. Especially for the affluent clients and their families who wish to settle in the UAE for an extended period.
“Our organization intends to market a variety of high-end properties within the price range of Dh1.40 million to Dh3.20 million. The Golden Visa is a compelling inducement for numerous clients, however we look at every client’s needs on a case to case basis and create solutions that suit their investment objectives. He said, further stating that although the policy has an enormous capacity, it is critical to avoid any extremes. If the intention was to protect the worth of luxury properties and promote the right kind of investments.”
“With proper restrictions, this turn of events posed the opportunity that capital would be eased in buying properties where both the residence was appealing as well as the dwelling itself, which is very healthy for the market. In most cases, this approach fits into the idea of Dubai as a place to do and enjoy business, and at the same time receiving the investments and human resources on a continuous basis,” he further stated.”
