UAE: Expats merging properties to get Golden Visa in Dubai
The UAE Government eased the regulations concerning the visa residency system and announced that real-estate investors can easily retain the Golden Visa when purchasing a property worth less than Dh2 million. This allowed the Dubai residents to easily invest or merge the properties to reach the Dh2 million residency to obtain the long-term residency.
The real-estate industry executive and other investors are retaining the Golden visa by buying Dh2 million worth of property in the UAE. The Golden Visa motivates people to buy more and more property and also sponsors their families to live in Dubai. This is one of the greatest ways to retain more people and economic growth post Expo2020.
Golden Visa is the ticket to settling down in Dubai which encourages people to buy more in Dubai. Expo2020 has gained huge traction and positively contributed to the economy of the UAE.
The people used to invest in one-bedroom apartments and now to secure citizenship they are investing Dh2 million to get the Golden Visa. The demand for two-bedroom units has increased while many investors tend to take bedrooms to reach Dh2 million.
The customers have increased by 35-40% and the merging of two properties to reach a million milestones for Golden Visa. The majority of property buyers are Europeans, Africans, and the Nationals of the Independent States. The Dubai-based developers have launched six projects and are focusing on launching more seeing the huge demand.
Benefits of Golden Visa through Investment in real-estate
- Buy property worth Dh2 Million and more.
- Merge and combine properties that have a value of Dh2 million or more.
- Buy or invest in the off-plan property worth a minimum of Dh2 million. In this you can choose to pay installments the developers are offering flexible payment plans. This helps the buyer invest a small amount of money rather than investing a huge sum of money in one go.
- Take a loan from the UAE local banks that provide the bank value of the property is a minimum of Dh2 million.
- The married couples have the leverage to make joint investments in the Dh2 Million property.
Dubai’s real-estate market offers one of the highest returns for rental income. The value of the property is continuously appreciated which makes the investment worth every penny. The UAE offers the best lifestyle, quality of life, world-class infrastructure, safe environment, and global connectivity that makes the real-estate investment worth and one of the intelligent choices. The residency visa and golden visas are an added advantage for the investors.
FlyingColour Business Setup in Dubai Services can easily help you in retaining the golden visa and takes care of all the paperwork related to immigration. We make the transition to UAE seamlessly and you’re settled in Dubai in no time. The residency visa can open doors to a myriad of opportunities and allows you to live in the country with a range of benefits. We can also help you with the purchase of properties worth AED 2 million.
