The United Arab Emirates took the landmark decision to lower the investment threshold that, if crossed, would make investors eligible for a Golden Visa. AED 2 million of investment in the country’s property market will now prove enough for buyers to kickstart procedures to obtain the 10-year-long residency visa. This is a notable reduction from the earlier minimum of AED 10 million.
The Golden Visa is automatically renewable and is granted to investors, entrepreneurs and professionals, amongst others. It enables expatriates to live, work and study in the U.A.E. without requiring a national sponsor. The visa is valid regardless of how long the holder resides outside the country.