In a strategic move to attract affluent investors, several Dubai property developers are now offering and financing multiple Golden Visas for buyers and their families.
This initiative targets high-net-worth individuals purchasing property valued at Dh2 million or more, entitling them to a 10-year UAE residency under the Golden Visa programme.
Damac Properties, Dubai's largest private developer, is leading the trend by offering three Golden Visas to buyers of its Violet units at Damac Hills 2. The company has covered the cost of these visas, which contributed to the rapid sell-out of 600 units worth Dh1.2 billion in the Violet Phase 3 launch.
Amira Sajwani, Managing Director at Damac Properties, emphasized that Golden Visas are becoming a significant draw for investors, who often find themselves unexpectedly eligible.
The UAE’s Golden Visa programme, which offers long-term residency for investors, entrepreneurs, and skilled professionals, has gained traction since its introduction.
According to Get Golden Visa, the programme requires a minimum investment of Dh2 million and has played a crucial role in drawing global talent and investment to the region.
Samana Developers and Blanco Thornton Properties are also embracing this strategy.
Samana Developers, led by CEO Imran Farooq, handles all visa processing in-house, eliminating the need for clients to visit government offices.
Blanco Thornton Properties, represented by Managing Director Danish Shareef, extends Golden Visas to buyers of properties starting at Dh2 million across various premium projects in Dubai.
Elton Real Estate Development, under founder Anmoll D Shroff, offers premium properties priced between Dh1.40 million and Dh3.20 million, leveraging the Golden Visa as a key marketing tool. Shroff noted that while the visa programme is a powerful incentive, maintaining the balance between luxury property values and genuine investment is essential for a thriving market.
News Source: Khaleej Times
