In a bid to attract wealthy investors, several Dubai property developers are now covering the costs of Golden Visas for buyers and their families. This move is designed to entice high-net-worth individuals to invest in Dubai’s real estate market.
The Golden Visa programme offers a 10-year UAE residency for property investors purchasing assets valued at Dh2 million or more. Damac Properties, Dubai’s largest private developer, is at the forefront of this initiative. The company is providing three Golden Visas to buyers of its Violet units at Damac Hills 2, which contributed to the rapid sell-out of 600 units worth Dh1.2 billion during the Violet Phase 3 launch.
Amira Sajwani, Managing Director at Damac Properties, highlighted the growing appeal of the Golden Visa, noting that it often exceeds investors’ expectations of eligibility.
The UAE Golden Visa, which supports long-term residency for investors, entrepreneurs, and skilled professionals, has gained significant popularity since its inception. According to Get Golden Visa, the programme requires a minimum investment of Dh2 million and has been pivotal in attracting global talent and capital to the region.
Other developers are also adopting this strategy. Samana Developers, led by CEO Imran Farooq, manages all visa processing internally, streamlining the process for clients. Blanco Thornton Properties, under Managing Director Danish Shareef, offers Golden Visas to buyers of properties starting at Dh2 million across various high-end projects in Dubai.
Elton Real Estate Development, founded by Anmoll D Shroff, is leveraging the Golden Visa as a key marketing tool for its premium properties, which range from Dh1.40 million to Dh3.20 million. Shroff emphasized the importance of balancing luxury property values with genuine investment to ensure a robust market.
This approach underscores the developers’ commitment to enhancing Dubai’s appeal as a prime destination for international investors.
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