Dubai’s Golden Visa Program: Property Owners Benefit as Minimum Down Payment Requirement Dropped.

Dubai's New Golden Visa Rules: Easier Way to Stay Longer

Dubai’s rules for getting a Golden Visa, which allows long-term residency, have changed in a big way. Before, people had to pay at least Dh1 million upfront, but now that rule is gone. Now, the only thing that matters is that the property you buy is worth Dh2 million or more. This change is meant to make it easier for more people to get the Golden Visa.

 

This means you don’t have to make a big payment to qualify for the Golden Visa. If the property you buy is worth more than Dh2 million and you choose to pay in installments or with a mortgage, you can still apply for the long-term visa. What’s really important is that the upfront payment amount doesn’t affect your chance to get the 10-year residency, as explained by someone in charge.

 

To apply for the Golden Visa, especially for properties that are not yet built, they’ll look at each case individually. You need to provide important papers like the property’s ownership certificate, a letter from the builder, or a mortgage document from the bank. Also, you’ll need to share your passport copy and a picture of yourself.

This change in how things work is a big deal because it means more people with mortgages can now apply for the Golden Visa. The new rules say that if you pay at least 20 percent of the property’s value, which is normal for mortgages, you can qualify for the visa.

 

This easier process is good news for many buyers and people who want to live in Dubai for a long time. It opens up the chance to get the Golden Visa to almost anyone who has bought a property in Dubai, since most properties there are worth more than Dh2 million. This fair approach means that now, anyone with a mortgage has the chance to apply for the Golden Visa, reaching more people and giving them the opportunity to benefit from this special residency program.

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