Several developers in Dubai are increasingly offering and covering the costs of multiple Golden Visas for investors and their families as a strategy to attract high-net-worth buyers. The UAE’s Golden Visa programme grants a 10-year residency to those who invest Dh2 million or more in property or businesses, providing long-term stability and numerous benefits, which has proven highly appealing to foreign investors.
Damac Properties, the largest private developer in Dubai, has been a frontrunner in this approach. The company offered three Golden Visas to buyers of Violet units at its Damac Hills 2 project, covering the cost of the 10-year visas. This incentive helped the developer sell 600 units worth Dh1.2 billion in just a few hours, reflecting the strong demand for Golden Visas among property buyers. Amira Sajwani, managing director of Damac Properties, stated that Golden Visas have become a major driver for real estate investments, and their initiative was designed to show appreciation to investors.
Imran Farooq, CEO of Samana Developers, confirmed that his company offers and processes multiple Golden Visas, managing the entire process in-house, even for shared property ownership between spouses or partners. This eliminates the need for buyers to visit government offices, making the process more convenient.
The Golden Visa programme, offering 10-year residency to investors, entrepreneurs, and skilled professionals, has played a critical role in attracting global talent and capital.
Source : khaleejtimes.com
