SFM Welcomes UAE's Progressive Move in Golden Visa Program for Property Investors

1 February 2024
SFM Welcomes UAE's Progressive Move in Golden Visa Program for Property Investors

As a leading Corporate Service Provider, SFM welcomes the recent transformative shift in the United Arab Emirates' (UAE) Golden Visa program, particularly the elimination of the minimum down payment requirement for property investors. This strategic move signifies a significant leap forward in making the UAE even more attractive to international investors seeking long-term residency through the Golden Visa initiative.

Previously, to qualify for the 10-year renewable residency program introduced in 2019, investors were mandated to acquire properties valued at Dh2 million or above. However, for those opting for mortgage or instalment plans, a minimum down payment of Dh1 million or 50% of the property's value was necessary to be eligible for the coveted golden visa.

The recent amendment marks a progressive departure from the previous financial prerequisites. The removal of the minimum down payment altogether streamlines the application process, offering a more accessible pathway for investors to qualify for the golden visa.

The Golden Visa program is now more accessible than ever

SFM Welcomes UAE's Progressive Move in Golden Visa Program for Property InvestorsNow, investors can secure the golden visa with a property valued at Dh2 million or more, irrespective of whether it's off-plan, completed, mortgaged, or not mortgaged. This adjustment not only simplifies the qualification criteria but also aligns with the UAE's commitment to attracting diverse international investors and fostering a robust real estate sector.

SFM recognizes the potential of this policy change to stimulate increased foreign investment in the UAE's property market. This development underscores the nation's dedication to creating an investor-friendly environment and positions the UAE as a preferred destination for global entrepreneurs and investors looking to establish a significant presence in the region.

We view this change as a positive stride towards enhancing the appeal of the UAE's Golden Visa program. This progressive approach aligns with SFM's commitment to providing comprehensive corporate services that empower clients to navigate evolving opportunities in the international business landscape.

For further information regarding this service, please reach out to info@sfm.com today and seize the opportunity to embark on a new chapter in your life within the UAE.

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