If The Asset Value Of A Property Exceeds Dh2m, The Owner May Request A DLD Valuation.
Select Dubai developers are now able to register Golden Visa-eligible property owners directly. Further simplifying the process for these investors to obtain a 10-year residency. This is applicable to investors who have purchased real estate (or multiple units) for at least Dh2 million.
For those whose properties were previously purchased for less than Dh2 million. However, is currently valued at more than that threshold, there is also a route to the Golden Visa.
According to Tizian Raab, a representative for Azizi Developments, “If the property value has since increased above Dh2 million. The owner can request a new appraisal by Dubai Land Department.”
There has been an acceleration of the investment-linked permanent resident process at their level, according to additional developer sources.
The property investment-related visa program reduced the threshold for a 10-year permit from Dh10 million to Dh2 million as part of a series of visa reforms. This occurred as interest among international investors in purchasing real estate in Dubai was surging. The authorities officially launched the program in October. Since then, take-up rates deemed to be exceptionally high.
Many prospective buyers were waiting for October to finalize their deals, according to a real estate agent. Buyers needed ready homes and ready GVs in many of the deals we processed.
How Developers Can Help
The process is now more or less completed coordinated with agreements made with new buyers. Because some specific developers got the rights. The General Directorate of Residency and Foreign Affairs Dubai (GDRFAD), which hosts a portal, has just sent Azizi Developments login information, according to Raab. It enables us to register individuals for their visas. Including Golden Visas, directly when they buy real estate from us.
We are honored to have been given the responsibility of directly registering investors for their deserved visas. The General Directorate of Residency and Foreign Affairs (GDRFAD) has granted us this privilege. Because of our long-standing, close ties to the institution.
Deals Backed By Mortgages
Mortgage holders who have invested “a minimum of Dh2 m of his or her own funds” are eligible to participate. Any sum in excess of that can also be mortgaged. Both off-plan and completed property buyers are eligible.
A 3-year visa is only available to buyers of real estate who have invested a minimum of Dh750000 out of their own money. We have a dedicated team in place to offer VIP service to our clients, helping them obtain their visas. Whether 3-year or Golden Visas – in an easy, practical, and quick manner, according to Raab.