UAE Golden Visa: Great response from Real Estate Sector

Great response from the real estate sector to getting a Golden Visa in the UAE.

Two months ago, the UAE Visa Residency System announced that real estate investors would receive a Golden Visa when purchasing a property worth no less than Dirhams 2 million.

In the case of the top buyers of property for the Golden Visa, it is mainly Europeans, Africans and nationals of the Commonwealth of Independent States (CIS) Many Dubai residents invest or merge their properties to reach the Dh2 million milestone to be eligible for long-term residency.

Real estate industry executives and investors who received a Golden Visa to buy a property worth Dh2 million are urging Golden Visa people to buy more. The demand for two-bedroom units has increased. Many investors are buying two bedrooms and trying to reach 2 million Dirhams. About 35 to 40 percent of customers merge two properties to reach the Dh2 million mark for a Golden Visa.

The company, which has launched a one-stop service to assist customers in obtaining Golden Visas, has helped over 80 customers to obtain Golden Visas.

The Golden Visa has given a new impetus to the real estate sector in the UAE.