How to obtain a Dubai Golden Visa through real estate investment
₹4.57 crore) investment is required to be eligible for Golden Visa. “Golden Visas are valid for 10 years and can be renewed thereafter. Once the requirements have been fulfilled, pending initial approval of the application, the successful applicant receives a six-month multiple-entry visa and travels to the UAE (United Arab Emirates) to apply for an ID card and undergo a medical check," explained Rohit Bhardwaj, country head – India and director private clients at Henley & Partners.
“Thereafter, full approval is granted and the individual receives the residence visa. The processing time for the residence application takes over two months," he added. Buying real estate in Dubai also involves Dubai Land Department (DLD) fee of 4% of the value of the property.
“This is to be paid immediately at the time of registration of the property," says Karan Batra, a chartered accountant with operations in India and Dubai. Other costs range from AED 4,000 ( ₹91,000) to AED 4,500 ( ₹1.02 lakh), which includes government processing fees. Often, developers in Dubai bear these costs to attract buyers.
In fact, the Golden Visas can be directly secured with the help of property developers, who provide support throughout the process. You can also check with consultants and advisors for any further help. Also Read: A Portugal Golden Visa can give you wide access to Europe.
Should you apply? Certain skilled individuals can also apply for Golden Visa, without the need for investment. “The Golden Visa programme also targets individuals with specialized talents and skills, including scientists, C-Suite executives, researchers and creative professionals. This emphasis on attracting top-tier talent has boosted the visa’s popularity," pointed out
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