Dubai, the centre of the United Arab Emirates, has grown its scale as a prime destination for real estate investments globally. Dubai’s futuristic concepts, luxurious lifestyle, and business-friendly ecosystem make it a part in the real estate run for investors worldwide. In this article, you will know the major factors that make Dubai’s real estate market exceptionally attractive and will find why investment in Dubai could be advantageous for you.

Along with freehold property ownership, Dubai also has a tax-friendly environment structure where you enjoy the freedom from property taxes, capital gains taxes, and income taxes on rental incomes, which is a significant draw for real estate investors in Dubai. This gives higher yields and increased profitability. Additionally, Dubai’s Double Taxation Avoidance Agreements (DTAAs) with numerous countries prevent investors from facing double taxation on their income.

Investors, entrepreneurs, scientists, qualified professionals, and exceptional talents may apply for a UAE Golden Visa, which is a long-term residence visa. The country started to issue these visas in 2019, and getting a Golden Visa as an investor formerly required AED 5 million to 10 million.

In 2022, the government approved new conditions for getting a Golden Visa in the United Arab Emirates by investment, with a reduced investment amount, no restrictions on the duration of stay in other countries and an opportunity to buy off-plan properties and take a mortgage. The new rules came into force in October.

You may purchase real estate in the UAE for AED 2 million ($545,000) to get a 10-year Golden Visa. Another option is purchasing real estate for AED 750,000 ($204,000) to get a 2-year residence visa.

Dubai, the centre of the United Arab Emirates, has grown its scale as a prime destination for real estate investments globally. Dubai’s futuristic concepts, luxurious lifestyle, and business-friendly ecosystem make it a part in the real estate run for investors worldwide. In this article, you will know the major factors that make Dubai’s real estate market exceptionally attractive and will find why investment in Dubai could be advantageous for you.

Along with freehold property ownership, Dubai also has a tax-friendly environment structure where you enjoy the freedom from property taxes, capital gains taxes, and income taxes on rental incomes, which is a significant draw for real estate investors in Dubai. This gives higher yields and increased profitability. Additionally, Dubai’s Double Taxation Avoidance Agreements (DTAAs) with numerous countries prevent investors from facing double taxation on their income. Investors, entrepreneurs, scientists, qualified professionals, and exceptional talents may apply for a UAE Golden Visa, which is a long-term residence visa. The country started to issue these visas in 2019, and getting a Golden Visa as an investor formerly required AED 5 million to 10 million. In 2022, the government approved new conditions for getting a Golden Visa in the United Arab Emirates by investment, with a reduced investment amount, no restrictions on the duration of stay in other countries and an opportunity to buy off-plan properties and take a mortgage. The new rules came into force in October.

You may purchase real estate in the UAE for AED 2 million ($545,000) to get a 10-year Golden Visa. Another option is purchasing real estate for AED 750,000 ($204,000) to get a 2-year residence visa.

What are the Benefits Of Golden Visa Dubai?

The Golden Visa in the UAE has become one of the most sought-after visas lately. It allows long-term residence as well as a long list of unique benefits.

Here are some of the benefits offered by the Golden Visa Dubai:

Long-Term Residency

You get a long-term residence visa valid for 5-10 years and is renewable.

No Need for National Sponsor

You do not need a local sponsor.

Entry Visa

You get a 6-month entry visa with numerous entries.

0% Income Tax

Since the UAE is a tax-free country, investors and foreign nationals can enjoy the benefits of avoiding tax in their country by issuing a tax residence certificate from the UAE. All the income and profits are tax-free in the UAE. One can enjoy these benefits by investing in Dubai either in properties, bonds, or businesses.

Travelling Privileges 

The golden visa holders are treated like they are nationals of the UAE. Hence, it gives an easy hand in regards to travelling. So, you do not need to apply for the visa again; you can live, study, and work throughout the UAE without any inconvenience.

You also get the privilege to stay outside the UAE for more than 6 months without affecting your residency status.

Sponsor Family Members

You can sponsor your family members regardless of their ages. You can also sponsor domestic helpers.

Permit to Family Members

A permit is given to the family members after the passing of a Golden Visa holder to stay in the UAE for a specific duration.

Who can apply for a Golden Visa in UAE?

As stated earlier, the Golden Visa is only given to individuals who meet certain criteria reserved by the UAE government. People who make outstanding contributions to the country, are highly skilled, or work in specific sectors are only considered eligible.

If you want to apply for the Golden Visa, you must fall into one of the following groups:

• Public investors
• Real estate investors
• Entrepreneurs 
• Executive directors
• Doctors and scientists
• Lawyers
• Students
• Athletes
• Creative people in the fields of culture and art
• Specialists in engineering and science

Golden Visa Requirements

To apply for the Dubai Golden Visa, you must fulfil certain requirements based on the visa program you are applying for. Here we take a look at the Golden visa requirements for all types of visa applicants

Property Investors

Real estate investors can get a 5-year renewable Golden visa If they own property worth at least AED 2 million. 

They must provide:

• Letter from the land department proving at least AED 2 million property value
• Purchase the property through loans from approved local banks only

P.S. Property owners were required to make a down payment of at least AED 1 million before. The UAE government has removed this requirement. You can apply for a 10-year residency visa now, regardless of the down payment amount