Big News for people investing in property in Dubai. It just got a lot easier to live in Dubai for a time. Dubai Holding Real Estate has started a service to help people get a Golden Visa. This service is available at Meraas and Nakheel sales centers where people buy properties.
For people who’re eligible this means they do not have to go to many different offices to get a Golden Visa. They can do everything in one place from choosing a home to finding out about the Golden Visa.
What is Changing?
The new service gives people help in person to find out if they are eligible for a Golden Visa what documents they need and how to apply. This help is available at the sales centers where people buy properties. The people who help with the Golden Visa applications are experts who are allowed to do this work. Meraas and Nakheel are just helping to make the process easier they are not the ones who decide who gets a Golden Visa.
This is not just for buyers it is also for people who have already bought properties from Meraas and Nakheel.
Who Can Get a Golden Visa?
The guidelines for obtaining a Golden Visa are identical to those for the UAE. A Golden Visa, which is renewable every ten years, is available to those who own one or more properties worth at least AED two million. The property can be one house or many houses that together are worth at AED 2 million. If someone is buying a property that is not yet built they need to have a document from the Dubai Land Department.
Why This is Important
Dubai is a place for people from other countries to invest in property but it used to be hard to figure out how to live in Dubai for a long time. Now Dubai Holding Real Estate is making it easier for people to get a Golden Visa when they buy a property.
The person in charge of Dubai Holding Real Estate, Khalid Al Malik said: “Dubai is a place to live, invest and build a future. By making it easier for people to get a Golden Visa when they buy a property we are helping our customers to feel more confident and clear about their decision”.
This change is part of Dubais plan to make the real estate sector better. The plan is to have more people own homes to make the real estate sector contribute more to Dubais economy and to have real estate transactions.
What a Golden Visa Gives You
A Golden Visa gives people the right to live in the United Arab Emirates for 10 years and they can renew it. This is an improvement from the short-term visas that people used to get. People with a Golden Visa can sponsor their family members they do not need a guarantor and they can feel stable and secure in one of the most dynamic cities in the world.
What to Remember
It’s crucial to keep in mind that Dubai Holding Real Estate is only assisting in streamlining the Golden Visa application process, even though the new service makes it simpler. Who is eligible for a Golden Visa is still up to the government, and applicants must adhere to all regulations and pay the necessary fees.
For people from Britain and other countries who are thinking of investing in property in Dubai this change makes it easier for them to live in Dubai for a long time. Now people can start talking about getting a Golden Visa soon as they start looking for a property to buy.
Whether you want to buy a house on the beach or a small apartment, in a new development it is now easier to get a Golden Visa and live in Dubai for a long time.