In an effort to attract more investors and boost Dubai’s real estate market, property developers have introduced a highly appealing incentive: free Golden Visas for families. This offer is available to investors purchasing properties worth at least AED 2 million, and it covers up to three family members. The UAE’s Golden Visa provides a 10-year residency, making it an attractive option for high-net-worth individuals and their families looking to establish long-term residence in Dubai.
Golden Visa: A Game-Changer for Dubai’s Real Estate Market
The Golden Visa initiative has been a significant draw for investors since its introduction. By offering long-term residency, the program has made it easier for families to settle in Dubai, enjoy a high standard of living, and access world-class education and healthcare. In response, developers are now offering to cover the costs of the Golden Visa as part of their sales strategy. Developers like Damac Properties, Samana Developers, and Blanco Thornton Properties are leading the way in this initiative.
Why Golden Visas Attract Investors
The free Golden Visa not only saves investors money but also adds long-term value to their real estate purchases. The visa allows families to live, work, and study in the UAE without the need for a sponsor. It also offers various tax advantages, enhancing the overall appeal of Dubai as a place to invest. Many investors are drawn to this offer, seeing it as a way to secure both a valuable property asset and a long-term residence for their families.
Key Players Offering Golden Visas
Damac Properties is at the forefront of this trend, offering three free Golden Visas to buyers of its Violet units at Damac Hills 2. This move helped the company sell out 600 units during its latest phase. Samana Developers and Blanco Thornton Properties are also leveraging this incentive, making the process hassle-free for their clients by handling all the visa paperwork in-house.
Related: How to Get a 10-Year Golden Visa by Buying Off-Plan Property in Dubai
A Long-Term Vision for Dubai
The introduction of free Golden Visas is not just a marketing tool; it aligns with Dubai’s broader vision of becoming a global hub for business and tourism. By offering long-term residency options, Dubai is positioning itself as a family-friendly, business-oriented environment that appeals to both expatriates and global investors. This strategy is expected to stimulate continuous demand for luxury properties, contributing to the growth and stability of Dubai’s real estate market.
In conclusion, the offer of free Golden Visas for families by Dubai property developers is a win-win for both investors and the city. It makes investing in Dubai more attractive by adding long-term value to real estate purchases, while also supporting the UAE’s goal of attracting international talent and investment. With major developers embracing this initiative, the trend is likely to continue shaping Dubai’s property market for years to come.
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