UAE Golden Visa Policy Change Removes Minimum Down Payment Requirement for Property Owners

As countries tighten rules on Golden Visa programs, the UAE is making it easier to invest in real estate and get long-term residency. They’ve removed the need for a large initial payment that was required before for real estate investors aiming for the Golden Visa.

What's New with the UAE Golden Visa?

Introduced in 2019, the UAE Golden Visa is a 10-year visa for outstanding talents, entrepreneurs, and investors to encourage them to make the UAE their long-term home. This visa covers many people, including skilled professionals, exceptional talents, students, property investors, and more.

Previously, investors needed to pay a big down payment for properties on mortgage to qualify. Now, any real estate investment worth AED2 million or more, regardless of payment status or ownership type, qualifies for the Golden Visa. Even properties owned together with someone else, like a spouse, count, as long as one owner’s share is worth AED2 million.

Benefits of the Updated Rules

The new rule makes it easier for more investors to enter the UAE’s real estate market, even those buying with a mortgage. It allows them to get a Golden Visa and sponsor their family and household staff.

This change is expected to attract more investors, boost the real estate market, and help the economy grow by making it easier to invest and offering stability and opportunities for investors.

How Northman & Sterling Can Help?

Apart from real estate investment, there are other ways to get a long-term residency in the UAE. Northman & Sterling has vast experience and can help figure out the best Golden Visa option.

If you’re looking into getting a Golden Visa, contact us and we will be delighted to assist.