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Several major developers assist affluent investors in obtaining a Golden Visa through investments.
Several Dubai construction companies have launched a campaign to attract wealthy investors. When buying a property worth over AED 2 million ($545,000), developers guarantee to help them obtain a residency permit and cover expenses.
The largest developer in Dubai, Damac Properties, put forward this proposal. The company can reimburse the buyers of apartments in the new Violet complex for the costs of obtaining a "golden visa". According to the developer, 600 properties in the Violet Phase 3 project with a total cost of AED 1.2 billion were sold out within a few hours after sales began showing strong buyer interest in the Golden Visa programme.
"The fact that Dubai issues long-term visas for purchasing real estate affects the interest of investors in this market. The service is so new that not all customers are aware of what it can do. We strive to be leaders in all innovations and offer our clients assistance in obtaining a residency permit as a gesture of gratitude," says Amira Sajwani, Managing Director of Damac Properties.
Moreover, Samana Developers and Blanco Thornton Properties confirm that their projects are perfect for obtaining a "golden visa", and developers will help investors go through this process.
The "Golden visa" is granted to the real estate buyer and their family members for 5 years, with the option to renew this document as long as they own their property.
