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According to market sources, golden visas for investors with assets in Dubai worth 2 million dirhams or more should be issued from October 2022.
The update comes as developers prepare for additional off-plan real estate launches. Those whose prices exceed 2 million dirhams come with guarantees from the developer that investors will receive all the necessary assistance to obtain the much-in-demand 10-year resident visas.
The timing of new launches with the official announcement of the issuance of Golden Visa for the purchase of real estate would be improved if developers, at least some of them, could postpone them for a week or two. Market sources confirm that there is a pent-up demand for Gold Visas, and that this will be reflected in a new round of off-plan purchases in the coming weeks.
In fact, Dubai Land Department statistics confirm a strong buying trend from June to August 2022, when volumes reached 10-year highs. Once again, investors who liked the potential of getting a 10-year residence while owning a house here were a significant part of the market. This can be achieved by a single asset totaling 2 million dirhams or more, or by a number of smaller assets added to this amount.
