UAE Golden Visa can now be obtained directly from the developer

In June 2022, the Dubai real estate sector registered a whopping AED 22.7B (USD 6.18B) in sales, which is the highest figure in the past 13 years, having reached nearly 71% of the total 2021 sales volume, according to the DLD data. The surge in transactions is attributed to the newly changed regulations regarding the Golden Visa. Individuals who acquire an off-plan property, with or without a mortgage worth AED 2M (USD 545K) and above, have the opportunity to obtain a 10-year residency with the right to live, work and study in the UAE without the need for Emirati sponsorship.

Due to the rise in demand for real estate, developers are trying to take advantage of the recently announced Golden Visa amendments. For instance, Arada, who is based in Sharjah, took the decision to boost its sales by offering assistance from its dedicated after-sales team to those investing in a property worth AED 2M and above.

We’ve seen a number of positive changes in the regulatory environment in the UAE over the past couple of years that have made it easier for both residents and overseas investors to plan their long-term future here. These new changes have provided a real boost to the local real estate market

stated Ahmed Alkhoshaibi, Group CEO of Arada.

Next, there is Samana Developers, who announced the launch of a one-stop service to help investors acquire the 10-year visa. Of course, this service is available exclusively for those who are willing to invest a minimum of AED 2M in real estate. According to Imran Farooq, CEO of Samana Developers, the top purchasers of properties that are eligible for a Golden Visa are mainly Europeans, Africans and nationals of the CIS (Russia, Ukraine, etc.)

In addition, Farooq commented on the recently updated visa regulations:

The Golden Visa is a golden opportunity and an extra incentive for real estate buyers, along with the tax benefits in Dubai. It motivates buyers to own more and stay longer in the UAE, and is a great tool to retain people post-Expo 2020 Dubai.

Judging by the current outlook, the real estate market in Dubai will continue to thrive, thanks to the UAE’s government response to the pandemic, the outstanding work within the healthcare industry, and the efficient vaccination drive. In terms of the current trends, Dubai is set to align with global sustainability targets, as the UAE is set to host the UN’s climate change summit – COP28. That being said, developers will focus not only on the construction of sustainable buildings, but will also pay special attention to the health and well-being of residents, social sustainability, accessibility and electric vehicle take-up.