The UAE has eliminated the previous mandatory minimum down payment of Dh1 million ($272,294) for individuals aiming to qualify for a golden visa through real estate investment. This decision is part of the country's efforts to encourage more residents and investors to establish stronger ties within the nation, according to reliable sources.
Under the previously established guidelines introduced in 2019 for the 10-year renewable residency program, investors were obligated to acquire real estate valued at Dh2 million or more to qualify.
However, in the case of properties purchased through mortgage or installment plans, homebuyers were required to submit a minimum down payment of Dh1 million or 50% of the property's value to the bank or developer to be eligible for the golden visa. This recent change aims to facilitate easier access to the golden visa program and promote increased investment in the UAE.
Presently, investors are eligible for the golden visa with a property valued at Dh2 million or more, irrespective of its status as off-plan, completed, mortgaged, or not mortgaged.
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