On Nov. 14, Dubai real estate market records USD 490M in sales and the launch of an online tool to see if you qualify for a Golden Visa

The Dubai real estate market continues to impress with records and numbers. On Monday, November 14, 2022, in accordance with the Dubai Land Department, transactions worth AED 1.51B (USD 490M) were registered. The sales reported AED 1.39B (USD 490M), while the sum of mortgage deals and gift deals were AED 393.42M (USD 107M) and AED 11.29M (USD 3M) respectively.

The property market within the emirate has seen considerable growth in 2022, and in the first eight months of the year about AED 160B (USD 44B) of investment in the real estate sector was made. Among the recently launched projects, which have already attracted the attention of foreigners wishing to move to Dubai, are The Cove in Dubai Creek Harbour, La Violeta Villanova in Dubailand, Waves Opulence in Sobha Hartland and Cavalli Couture alongside the Dubai Water Canal.

More recently, the UAE has revealed an online tool which helps you to understand if you are eligible to obtain a 10-year Golden Visa. The short quiz, which can be found on the Federal Authority for Identity & Citizenship’s website, takes several minutes to complete and helps you to understand if your contribution, education and job, as well as investment into the economy of the UAE, is enough to apply for this type of visa.

One of the ways to receive a Golden Visa, which will allow you to stay in the country without any limits and get an Emirates ID and a driving license, as well as other benefits, is investing in a real estate unit with a cost from AED 2M (USD 545K).

Read also: Latest changes to the UAE visa regime.