No Barriers to Obtain a Dubai Golden Visa In 2024

Dubai, a city renowned for its robust economic prospects and visionary leadership, stands as a beacon of prosperity in the UAE.

If you are looking for an opportunity to stay in Dubai, seize the chance to secure your stay with the new criteria in the Golden Visa rules.

Staying in Dubai offers investors and expats a unique blend of tax advantages and business-friendly policies. Additionally, the city’s world-class infrastructure, diverse cultural experiences, and quality lifestyle amenities make it an attractive and cosmopolitan destination for individuals seeking a global hub for both professional and personal fulfillment.

To gain further insights, read this article, it can provide valuable information to guide you through this Exciting News!

The Previous Down Payment Revolution

 One of the most striking changes in the updated policy is the cancellation of the minimum down payment of AED 1 million ($272,294) previously required for individuals to qualify for a Golden Visa through real estate

The New Investment Requirements

 Applicants must invest in a property with a minimum value of AED 2 million (550,000 USD). Alternatively, investors can opt for a property worth AED 2 million with a loan from specific local banks. This option allows for flexibility in financing while still meeting the investment requirement.

Eligibility Criteria

To be eligible for the Golden Visa scheme, skilled professionals must possess a valid UAE employment contract, work in an occupation classified under level one or two by the Ministry of Human Resources, earn a minimum monthly salary of at least AED 30,000 (USD 8,167), and hold a bachelor’s degree.

Family Sponsorship

 The updated rules also allow recipients of the Golden Residence to sponsor their immediate family members without age restrictions, and there is no limit on the number of workers sponsored for domestic support services.

The Golden Visa provides stability, security, and numerous opportunities for those who choose to invest in the UAE, and it is valid for 10 years.

 

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