• Safe, secure environment
  
• Excellent value from real estate investments
  
• High standard of services and brilliant quality of life
  
• Ease-of-Access to the World (Asia, the EU, UK, US)
  
• Applicant’s dependents of any age added with no additional investment
  
• TAX FREE – No personal income, capital, net worth, or withholding tax
  

There are number of beneficiary classes for the UAE’s Golden Residence visa, including real estate investors who can obtain a Ten (10) year renewable residence visa by purchasing:

A Property Worth a Minimum of AED 2 Million (Approximately US$550,000+)

Applications for UAE residence must include completed application forms and should be accompanied by the appropriate fees and supporting documents.

Golden Residence visas obtained are valid for Ten (10) years and can be renewed thereafter. Residing outside the UAE does not nullify the visa.

Once the initial due diligence checks have been completed and the retainer paid, then the application for UAE residence can be submitted to the government.

Upon the requirements having been fulfilled, pending initial approval of the application, the successful applicant receives a Six (6) month multiple-entry visa and travels to the UAE to apply for an ID-card and undergo a medical check. Thereafter, full approval is awarded, and the applicant receives a residence visa.

The processing time for UAE Residence-by-Investment application may and can take more than Eight (8) weeks.

The demand is driven by the inflow of millionaires into the emirate, attracted by strong return on investment, high quality of life, and safety aspects.

Dubai emerged as the busiest US$10-million-plus market in the world with 92 deals during the first quarter of 2023 as luxury property market demand continues unabated, according to Knight Frank’s latest data released in July 2023.

The emirate edged past Hong Kong (67) and New York (58) in terms of US$10-million-plus property deals in the January-March 2023 period.

Dubai luxury property sales of US$10 million jumped to 176 during the first-half of 2023, surpassing US$3.1 billion.

The demand is driven by the inflow of millionaires into the emirate, attracted by strong return on investment, high quality of life, and personal safety factors.

In 2022, the UAE attracted 5,200 high-net-worth individuals, surpassing its forecast of 4,000, the highest globally.

The average sales price during Q2 stood at US$16.5 million for all US$10 million-plus home sales. As a result of high demand, apartment and villa prices have increased 15% and 46%, respectively, as of the end of June 2023.

Dubai is one of the world’s most affordable luxury residential markets. Where US$1 million can secure a 226-sf flat in Hong Kong, the equivalent investment in Dubai can purchase a 1,130-sf home.

Home prices in Dubai grew by 5.6% in the first quarter of 2023, representing a ninth consecutive quarter increase. Luxury homes surged 44% in 2022, the highest globally, compared with a 1.3% decline in Hong Kong.

With only 289 homes in Dubai’s prime districts expected to be delivered by 2025, the demand-supply imbalance can only serve to further push-up prices by another 13.5% in 2023.

* Knight Frank

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please do not hesitate to contact us. We would be pleased to assist you.

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