The United Arab Emirates (UAE) has long been an attractive destination for all the expatriates seeking lucrative job opportunities, a high standard of living, and a vibrant multicultural environment. In recent years, the UAE government has introduced the Golden Visa program, offering long-term residency to individuals who meet specific criteria.
The Golden Visa program was launched by the UAE government in 2019 with the aim of attracting highly skilled professionals, investors, entrepreneurs, and outstanding students to contribute to the country’s economic growth and development. Initially, the program focused on specific categories such as investors, entrepreneurs, and talented individuals in various fields.
Industry professionals say that almost all the townhouse buyers have now become eligible for the 10-year Golden Visa as the average prices have crossed Dh2 million, while all the new townhouses are being launched at more than Dh2 million price tag, further making buyers eligible for the 10-year residency.
The UAE’s Golden Visa program has definitely opened up new opportunities for residents, allowing them to secure long-term residency and contribute to the country’s growth. With the expansion of eligibility criteria, more individuals, including highly skilled professionals, investors, entrepreneurs, and outstanding students, are now eligible for the program. The Golden Visa not only provides stability and security but also offers a range of benefits that enhance the quality of life for residents and their families in the UAE.