Dubai Golden Visa: Many countries in the world sell their citizenship. That is, by depositing outright amount in these countries, you can get golden visa and you can also bus here for life. One such news came from Dubai. It was said in the reports that the Dubai government is giving golden visa for just Rs 23 lakh, after which lifetime can be settled here. Now these reports have been denied by the United Arab Emirates government. The government has said that the rules prescribed for Golden Visa have not been replaced. The rules are the same as before. Those who want to take a golden visa, they can get the correct information from our official website or smart app.

Many people are trying to know about it after the explanation issued by the Government of Dubai about Golden Visa. In such a situation, let us tell you what is Dubai’s golden visa plan and what facilities you can get?

What is a golden visa plan?

Some rules have been determined for the Golden Visa in the United Arab Emirates (UAE). This can be given to those people who come in that particular category. These include people like Invators, Special Talent, Scientists, Startup Own, Doctors, Athletes. It is also important to know here that it is not a lifetime scheme to settle in Dubai. However, Golden Visa gives you access to multiple entry in UAE. Usually its validity is 10 years, which can also be renewed with certain conditions.
These facilities are available

The UAE government provides many facilities to the golden visa holders. Golden visa holders are allowed to start business, work and buy property in UAE without any local sponsor. Golden visa holders and their families get the same healthcare, education and various government services as UAE citizens. Apart from this, such individuals can also get admission in their children’s UAE government schools and universities. If a golden visa holder dies, their family members are allowed to stay in the UAE till the end of the permit.

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Property in dubai: The United Arab Emirates government has relaxed the rules of Golden Visa. Under this, it will not be necessary to invest in property or business in Dubai to get a golden visa. Gold visa is a permit for long term residency, through which people of other countries are given the facility to live, work and study in Dubai.

Golden visa rules relaxed

Now it is obvious that by relaxing the rules of Golden Visa, a large number of people would like to settle in Dubai. In such a situation, the demand for real estate property of entry level and mid range will also increase. According to the new rule, to get a golden visa, you have to pay a fee of about 23.30 lakh, whereas earlier it had to invest Rs 4 crore or more.

This is not a huge amount for the rich in India. Anyway, many Bollywood stars and Indian celebrities have luxurious bungalows in Dubai. But now due to the new rules, now the desire to settle in Dubai has also arisen in the upper middle class and middle class of the country. Now let’s know how much is the price of 1 Babhk in Dubai?

How much is the price of 1 Babhk?

How much the price of the house will be in Dubai depends on which area it is, what are the facilities, how old the property is, etc. According to Housing.com, a 1 Babhk of 1270 square feet in downtown Dubai is priced at Rs 7.1 crore. This location is near Burj Khalifa and Dubai Mall, so the price is so high.

Similarly, the price of 1 Babhk in Dubai Silicon Oasis is Rs 3.1 crore. A 1 Babhk of 555 square feet in Marina along the beach is priced at Rs 91 lakh. Similarly, the price of 1 Babhk in Jumerah Village, Dubai is usually 2 crore to 3 crore or more.

On the other hand, if you are thinking about taking 2BHK, then you will have to do pockets and pockets. According to the website of Housing.com, a 2BHK of 1836 square feet in downtown Dubai is more than 23 million. The price of a 1050 square feet in Jumeh Village is priced at 1.8 crore. Damac Hills and Dubai Hills Estate in Dubai are also among the places of choice of investors.

You will get so much return on rent?

If you want to buy an apartment and make a profit by renting it, then this idea is not bad either. Due to tourist destination, the demand of property here is always always there. In Dubai, you can get a return of up to 5-8 percent annually from rent and there is no tax on the income from rent in Dubai.

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UAE Golden Visa Rules: The UAE government has eliminated the need to invest in business or property, making the rules easier for golden visa. That is, there will be no need to invest in property or business for lifetime residency now. To get a golden visa, a fee of one lakh dirham i.e. 23.3 lakh Indian rupees will have to be paid. Whereas earlier it was necessary to invest at least Rs 4.66 crore for this golden visa.

Mid segment expected to be promoted

Now the question comes, how much will it have on the real estate market in Dubai? Let’s know what experts have to say about this? The UAE government believes that the new golden visa scheme will promote investment in property in the mid range segment.

According to the Hindustan Times report, Morgan Owen, the middle East of Anarock Group and Managing Director of North Africa, says that Dubai’s golden visa is attractive to Indians, who will get a chance to stay in Dubai for a long time by paying Rs 23 lakh without investing in property or business. He also said, surely it will give a boost to the upper middle class and affluent Indians. This section, which falls below the UHNI bracket, carries forward the ultra-wooden housing market in India.

Rental market will also get strength

Ritesh Mehta, senior director of JLL India and head of residential services and developer initiative (North and West), says, UAE is reducing the golden visa fees by Rs 23 lakh to invite young professionals and new talents, not only rich investors. We hope that this will strengthen the rental markets because in the beginning many people would like to come here and stay on rent.

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UAE government heard good news, now not necessary for golden visa or heavy investment in business

UAE Golden Visa Rules: The United Arab Emirates government has made the rules easier for the golden visa than before. Where earlier Golden Visa had to buy property in UAE or have to invest heavily. At the same time, under the new rule, you can stay for lifetime in Dubai only by filling a fee of about 23.30 lakh. Whereas earlier it was necessary to invest Rs 4 crore for this.

What is a golden visa?

It was started in UAE in 2019. It was known as Long Stay Visa or Golden Visa. Where earlier this visa was included even even even investors, businessmen and students. At the same time, now school teachers, health workers, frontline workers, YouTubers have also been included in it. The interesting thing is that it includes content creators, YouTuber, Podcaster and even certified e-sports players above 25 years of age. According to the new rule of Golden Visa, now there will be no need to invest in property or business to stay in Dubai for a long time or lifetime. Now under this nomination -based visa policy, applicants can get golden visa only by paying a lump sum 100,000 AED i.e. 23.3 lakhs in Indian currency.

All these can apply for golden visa

Now under the new rule, scientists, researchers, teachers, nurses with more than 15 years of experience, business professionals, start-up founder, uterior, podcasters, digital creators, marine professional and luxury yatt can apply for the university faculty golden visa, whereas it can be applied for the university, whereas it was launched in 2019. It was limited to till it was limited. Then in 2022, the investment amount for the visa was reduced to at least 2 million dirhams (about 4.57 crore), which was not just a matter of all to all to be eligible for golden visa.

How will the selection happen?

The first background of those applying for a golden visa will be examined, such as the name of the applicant, there is no criminal record, there is no case of money-laundering. Social media will also be verified well. Apart from this, it will also be seen what kind of contribution he can give in the economy or society of Dubai. After the completion of all the investigation, the application will be sent to the UAE government. Now the government will take a final decision on whether the applicant is eligible for nomination-based golden visa.

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