Dubai’s real estate market is experiencing a notable trend as professionals holding the coveted Golden Visa are increasingly investing in properties. This surge in property purchases is driven by the desire to counteract rising rents and capitalize on potential Return on Investment (ROI). With the intention to reside longer in the emirate, Golden Visa holders are seizing the opportunity to buy properties at lower prices, ensuring financial gains in the long run.
The UAE’s Golden Visa program is a long-term residency initiative designed to attract investors and professionals from various fields. Recipients include doctors, engineers, PhD holders, outstanding students, scientists, and other distinguished individuals. This visa offers numerous benefits, making it an attractive option for those looking to make the UAE their home.
In 2023 alone, Dubai awarded Golden Visas to 158,000 individuals. This significant number reflects the emirate’s commitment to retaining top talent and fostering a vibrant, diverse community. Golden Visa holders enjoy several exclusive privileges, such as the ability to re-enter the country without restriction even after staying outside the UAE for more than six months. Additionally, they do not require a sponsor, and there are no limits on the number of support workers they can employ.
Golden Visa holders are increasingly viewing property investment as a strategic move. By purchasing properties, they not only mitigate the impact of rising rents but also secure a stable investment with the potential for significant returns. Dubai’s real estate market offers a variety of options, from luxurious apartments to spacious villas, catering to the diverse needs of these professionals.
The 10-year residency provided by the Golden Visa gives holders the security and stability needed to make substantial investments in property. This long-term perspective allows them to benefit from the appreciation of property values over time, contributing to their overall financial well-being.
The influx of Golden Visa holders investing in Dubai’s real estate market underscores the emirate’s appeal as a prime destination for professionals seeking long-term residency and financial growth. As these individuals continue to purchase properties, they not only secure their future in Dubai but also contribute to the dynamic and ever-evolving real estate landscape of the city. For Golden Visa holders, investing in Dubai property is a strategic move to counter rising rents and ensure a higher Return on Investment, making their stay in the UAE both rewarding and sustainable.
