The United Arab Emirates continues to be one the most sought-after destinations for global citizens as the country continues to develop its world-class infrastructure and diverse economy. Some of the key factors drawing investors and expatriates from all over the world are highlighted below for UAE Golden Visa:
Safety
“Abu Dhabi ranked the safest city in the world (6th consecutive year)” -Number: Safety Index, (2022)
Healthcare
“Ranked among the Top 20 in the world” – World Index of Healthcare Innovation, (2021)
“UAE remains the most competitive economy in the MENA region in 2022” – IMD World Competitiveness Report 2022
“UAE remains the most gender-equal country in the Arab World in 2022” – Global Gender Gap Report 2022 released by World Economic Forum
Diversity and Inclusion
“UAE ranked among the top best countries in the world to live and work” – HSBC’s Expat Explorer study
“UAE ranked among the top 10 countries in the world in the Social Cohesion Index”- World Competitiveness Yearbook 2020
UAE Golden Visa for Investors Purchasing ‘Off-Plan’ Real Estate
The UAE offers investment visas to foreign nationals who purchase in new build projects. The visas are issued for 10 years and are renewable. In order to qualify for the Golden Visa, the applicant must:
• Purchase an Off-Plan property;
• Ensure subject property in any SAAS development values a minimum of AED 2 million;
• Ensure that the subject property is purchased from a local developer.
To be eligible for a Golden Visa under this category the applicant must produce:
1. Proof of ownership that demonstrates that the subject property is wholly owned by a UAE national(s);
2. Copy of the registered Sales and Purchase Agreement;
3. Approved valuation report/appraisal evidencing that the property meets the AED 2 million minimum valuation requirement.
