Global investors are eyeing Dubai as a destination for investment. Let’s explore how to get a residence in Dubai through investment, specifically real estate investment.
As the market continues to grow, global investors from across the world are really fascinated by this idea of getting Dubai through investing in property, but many are confused about the exact amount and other details.
In order to qualify for residency through investment, one needs to invest 2 million AED, either in an investment or the property’s worth.
What makes you eligible for a Golden Visa?
Previously, one needed to invest 1 million AED in the property, but the limit has now been increased to 2 million AED to be eligible for a Golden Visa.
This includes both off-plan and completed properties, with certain exceptions that may be applicable to off-plan projects.
Getting a residency in Dubai has never been so easy, and the off-plan projects are particularly attractive to global investors. They allow you to enter the market at a lower cost and offer substantial returns on completion. They offer you residency in Dubai, which makes it a win-win situation.
Why is Dubai the top search property location for expats? Let’s explore:
Dubai has become a preferred choice for expats to relocate, and it’s easy to see why, according to an article on Forbes, one in three Americans is planning to move out of the country, and Dubai is on their radar.
Dubai’s safety, economic stability, and strategic location make it an ideal destination. So whether you are looking for a safe place to live and raise your family, a stable economic environment to invest in, or a central location that connects you to the majority of the world.
Saleh Tabakh, founder of Andalusia Group and a global investor, spoke at length about this subject, “Obtaining a Golden Visa in Dubai through real estate investment involves clear regulations. As per the 2024 Dubai Land Department rules, investors must purchase property with a minimum value of AED 2 million. Properties can be bought off-plan or completed, and joint ownership is accepted if each share meets the minimum requirement. Additionally, the investment must be retained for a minimum of three years. Investors and their families receive a 10-year renewable residency, facilitating long-term stability and growth. This initiative has positively transformed Dubai’s real estate landscape, drawing international investors and boosting the economy.”Kiran Khawaja, CEO, Fajar Realty, stated that the time is favorable for investing in Dubai’s real estate market. Elaborating further, she explained, “If any client wants to get a Golden Visa, he needs to invest a minimum value of AED 2 million. Once the person pays 24 percent of the total value, it can be paid in, let’s say, 2-4 months. He is eligible for a Golden Visa.”
With so many individuals ready to move into Dubai, the property developers are trying to woo them with baits. If you seek good property investment coupled with a ten-year residency, the time is ripe to invest and relocate to Dubai.
