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 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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