Dubai Golden Visa Just Got Easier!
Table of Contents
Introduction
Dubai is at it again, making waves with yet another initiative that opens its doors wider for talented individuals, entrepreneurs, and high-net-worth investors. This time, it’s about the coveted 10-year Golden Visa, a residency program that has already attracted some of the world’s brightest minds and wealthiest investors. With the latest changes, securing this visa has never been easier, especially for property investors.
Let’s break it down step by step so you know exactly what’s happening and why this is such a game-changer.
If you want to watch a video on the same topic by our co-founder Shayan Nasiri, here’s the YouTube video for you:
What is the Golden Visa?
In case you’re new to this, Dubai’s Golden Visa is a long-term residency visa introduced to attract professionals, investors, and entrepreneurs who can contribute to the city’s growth. Unlike the standard 2- or 3-year visas, this one lasts 10 years and comes with incredible benefits:
- The ability to sponsor your spouse, children, parents, and even dependent siblings.
- Peace of mind with long-term residency stability.
- Freedom to live, work, and invest in Dubai with fewer restrictions.
This program has positioned Dubai as a global hotspot for innovation, investment, and luxury living, all while fostering a growing and diverse population.
The Big Change: Lower Down Payment Requirements
Now, here’s the exciting news: Dubai has drastically lowered the down payment requirement for property owners to qualify for the Golden Visa.
What Was the Old Rule?
Previously, property owners had to:
- Put down a 50% down payment on a property or,
- Pay off at least 50% of their mortgage before becoming eligible to apply.
Let’s be real—this wasn’t feasible for a lot of investors, especially those who were interested in higher-value properties.
What’s the New Rule?
Now, you only need to:
- Make a 20% down payment on a property to qualify.
That’s it! No more hefty upfront payments. With this new rule, 80% of the property’s value can be financed through a mortgage, making the Golden Visa far more accessible.
For example:
If you’re buying a property worth 2 million AED, the new minimum down payment is just 400,000 AED, compared to the previous 1 million AED requirement.
Why is This a Big Deal?
This change opens up the Golden Visa to a much wider audience. More people, especially residents and long-term expatriates, can now afford to invest in property and enjoy the benefits of long-term residency.
It’s also a smart move for Dubai’s real estate market. With lower barriers to entry, there’s likely to be a surge in property investments, fueling growth in the sector and beyond.
What About Off-Plan Properties?
How to Fast-Track Residency in Dubai
- Sponsor yourself for a 2-year residency visa.
- Obtain an Emirates ID.
- Open personal and business bank accounts.
Why the Golden Visa is Worth It
Dubai’s Vision: Attracting Talent and Investment
- Talented professionals in fields like healthcare, technology, and education.
- Entrepreneurs who can drive innovation and create jobs.
- High-net-worth individuals who bring significant investments.
How GenZone Can Help?
- Navigating Property Investments: We’ll guide you through the property-buying process, ensuring you meet all Golden Visa requirements.
- Setting Up Your Company: From paperwork to approvals, we’ll handle the entire process so you can focus on your goals.
- Tailored Advice: Every case is different, and we’ll provide customized solutions based on your unique needs.
