UAE golden residency by purchasing a property above 2 million AED
UAE golden residency by purchasing a property
Obtaining UAE golden residency by purchasing a property valued above 2 million AED has become an attractive option for individuals looking to secure long-term residency in the country. The UAE government introduced the golden residency program to attract foreign investors and provide them with a pathway to residency. By investing in a property above the specified value, individuals can qualify for the golden residency visa, which offers a range of benefits, including the ability to live and work in the UAE without the need for a sponsor.
Procedures for obtaining UAE golden residency through property investment
The process of obtaining UAE golden residency through property investment involves several steps. Firstly, the individual must identify a property that meets the minimum value requirement. They can choose from various options, including luxury apartments, villas, or commercial properties. Once the property is selected, the investor needs to complete the purchase process, ensuring all legal and financial requirements are met.
Samana Wave Project
Apply for the UAE golden visa through the designated government authorities
After acquiring the property, the investor can then apply for the golden residency visa through the designated government authorities. The application process typically involves submitting the necessary documents, such as proof of property ownership, valid passports, and other relevant paperwork. Upon approval, the investor and their immediate family members can obtain the golden residency visa, granting them the right to reside in the UAE for an extended period.
Unlocking a Golden Future: Obtaining UAE Residency through Property Investment
Obtaining UAE golden residency through property investment offers individuals the opportunity to establish roots in the country, enjoy a high standard of living, and access various social and economic benefits. It provides investors with a stable environment for personal and professional growth, as well as access to world-class healthcare, education, and business opportunities. By leveraging the golden residency program, individuals can secure their future in the UAE and enjoy the numerous advantages that come with being a resident of this dynamic and prosperous nation.
UAE Green Visa vs Golden Visa
The main differences between UAE Golden Visa and UAE Green Visa are as follows:
- Eligibility Criteria: The eligibility criteria for UAE Golden Visa are typically based on high-value investments, such as property investments, business investments, or exceptional talents in various fields like science, art, culture, or sports. On the other hand, UAE Green Visa is primarily aimed at attracting skilled professionals, investors, entrepreneurs, and students who contribute to the sustainable development and green economy initiatives of the UAE.
- Residency Duration: UAE Golden Visa offers long-term residency options, including 5-year, 10-year, and even permanent residency, depending on the category. It provides individuals and their families with extended stay rights in the UAE. In contrast, UAE Green Visa provides shorter-term residency options, typically ranging from 1 to 3 years, renewable upon meeting the required criteria.
- Scope of Benefits: Both visas offer certain benefits, such as the ability to live and work in the UAE. However, UAE Golden Visa provides additional privileges, including access to social services, education, healthcare, and the possibility of starting a business or owning property without the need for a local sponsor. UAE Green Visa, while offering residency rights, may have certain limitations in terms of owning property or starting businesses.
- Application Process: The application process for both visas involves submitting the necessary documents and meeting specific requirements. However, the application process for UAE Golden Visa may be more rigorous and extensive, requiring detailed financial statements, business plans, or proof of exceptional talent. The application process for UAE Green Visa is generally more streamlined and focuses on verifying qualifications, skills, or investment credentials.
It’s important to note that the specific requirements, benefits, and conditions for both visas may evolve over time, so it’s advisable to consult official government sources or seek professional guidance to obtain accurate and up-to-date information.