The UAE scraps down payment requirement for real estate golden visa

By Moustafa Daly

The UAE golden visa by real estate will reportedly no longer require a 50% down payment.

Prior to the decision, real estate investors seeking to obtain the golden visa had to pay at least AED1 million (approx. $270,000) as a downpayment before becoming eligible for the 10-year visa. The total amount of property purchased remains at AED2 million (approx. $550,000).

The decision concerns foreign investors planning to purchase their UAE property on a mortgage or installment plan.

The update hasn’t yet been made official by the government but government-owned media confirmed the change has been made.

Philippe Amarante, head of Henley & Partners Private Clients Middle East, says the decision aims to position the UAE further in the global immigration industry.

“I think it’s mainly motivated by wanting to further elevate the UAE as a leading investment migration destination,” he adds.

Competition for UAE’s golden visa is increasing

The decision follows the recent launch of the Saudi Arabian investor visa program. Anticipated to come in direct competition with the UAE’s program, there’s speculation that the UAE’s decision could have been motivated by the need to remain competitive in the region.

Amarante thinks differently: “It’s difficult to fully outline what the reasons are; however, I do not think this has anything to do with Saudi,” he says.

Launched in 2019, the UAE golden visa has grown to become the region’s most competitive - albeit until recently it only competed with Turkey’s program. In 2022, the golden visa policy was amended to include real estate investors and exceptional talents in sports and sciences, among other categories. The process was streamlined and shortened.

By November 2022, 152,000 golden visas across different categories were issued in the UAE. In 2023, the number of golden visas issued soared by 50% in the first half of the year, as per government figures.

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Uglobal Staff, along with its peer-reviewed magazines and conferences series, focuses on the global investment immigration market, offering the latest trends and analyses. is a media platform built to provide professionals involved with global programs with the most comprehensive and credible sources of information in digital, print and seminar mediums. The platform was created out of the need for marketplace transparency and to more efficiently connect individuals interested in learning about the global programs - either as a potential capital source or as a solution for their immigration needs. The Uglobal publication collaborates with a network of leading experts and an authoritative board of advisors to uphold a high standard in all content delivered and events hosted by the organization.

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