Dubai Property Developers Cover Golden Visa Costs to Entice High-Net-Worth Investors
Dubai’s real estate market is seeing a surge in property sales as developers entice high-net-worth individuals by covering the costs of the coveted Golden Visa. This 10-year residency visa, available through property investment or other qualifying avenues, has gained significant popularity among investors looking to secure long-term residency in the UAE.
Dubai developers are offering free Golden Visas to attract property buyers, providing an added incentive for investment. To navigate the application process and ensure eligibility, individuals can rely on professional Golden Visa service for expert assistance and smooth processing.
Several developers are going the extra mile by not only offering Golden Visas but also covering the costs for investors and their family members. For instance, Damac Properties, Dubai’s largest private developer, has been offering three Golden Visas to buyers of Violet units at Damac Hills 2, covering the full cost of the visas. The developer recently announced that all 600 units in Violet Phase 3, worth AED 1.2 billion, were sold out within hours of launch, demonstrating strong demand among property buyers keen on obtaining the Golden Visa.
Golden Visa: A Major Draw for Property Investors
Amira Sajwani, Managing Director at Damac Properties, highlighted the growing importance of Golden Visas in the property market. “Golden Visas have become a significant factor in why investors are purchasing property in Dubai. Sajwani highlighted that many investors may not initially realize they qualify for exclusive benefits, emphasizing their commitment to leading the market by offering these perks. For those looking to explore lucrative opportunities, the Dubai real estate opportunity remains a prime option for securing long-term returns.
The UAE’s Golden Visa programme offers long-term residency options of up to 10 years for investors, entrepreneurs, and highly skilled professionals. To qualify, applicants must invest at least AED 2 million in local property or businesses. This initiative has played a crucial role in attracting global talent and investment, further bolstering the UAE’s status as a business and tourism hub.
Imran Farooq, CEO of Samana Developers, confirmed that his company also offers multiple Golden Visas, handling the entire process internally to ensure a seamless experience for investors. “There’s no need for investors to visit government offices; our visa processing team manages everything, even for shared properties owned by husband-wife pairs or business partners,” Farooq explained.
Long-Term Residency as a Key Selling Point
Developers across Dubai are leveraging the Golden Visa as a powerful marketing tool to add value to property deals. Danish Shareef, Managing Director of Blanco Thornton Properties Dubai, stated, “Real estate developers are offering and paying for multiple Golden Visas to investors and their families, allowing them to enjoy the benefits of long-term residency and the numerous perks associated with it.”
Blanco Thornton Properties offers Golden Visas to buyers investing in properties starting from AED 2 million, including projects in Al-Barari, Majan, and other premium locations across Dubai. “Golden Visas have attracted investors and high-net-worth individuals globally, making them a key aspect of our property offerings,” Shareef noted.
Anmoll D Shroff, Founder and Chairman of Elton Real Estate Development, pointed out that developers frequently cover visa costs as a way to add substantial value to property transactions, particularly targeting high-net-worth individuals and their families interested in establishing a long-term presence in the UAE. “Our company offers premium properties priced between AED 1.4 million and AED 3.2 million. While the Golden Visa is a strong incentive for many investors, we tailor our approach to align with each client’s investment goals,” Shroff explained. He emphasized the importance of balancing this strategy to maintain the value of luxury properties and promote genuine investment.
