UAE updates rules for gold and resident visas
The United Arab Emirates is updating the rules for obtaining long-term visas for investors and highly skilled professionals. Now the process of obtaining a gold visa for 10 years and a resident visa for 2 years has become easier, but there are also more stringent requirements in some areas. Special attention has been paid to changes in investment programs related to real estate.
One of the major innovations concerns real estate investments. Previously, the purchase of a home with a mortgage loan was acceptable for visa purposes, but now the property must be fully paid for. At the same time, new options have been introduced: investors can invest in real estate at the construction stage, offering a down payment of 50% or provide a bank guarantee for the remaining amount. These changes make the process more capital intensive, raising the entry threshold for some investors.
There are also favorable conditions for entrepreneurs and highly skilled professionals. The minimum property value for a visa for entrepreneurs has been reduced to AED 500,000. Requirements for professionals in fields such as medicine, science and arts have also been simplified. These measures are aimed at attracting talent and investors, which contributes to the development of the UAE as a global business and cultural center.
