By dubailife 
In Dubai, several property developers are offering and covering the cost of multiple Golden Visas for investors and their families as part of an effort to attract high-net-worth individuals.
Investors and end-users purchasing properties worth Dh2 million or more are eligible for the UAE’s 10-year residency program.
Damac Properties, one of the leading private developers in Dubai, is offering three Golden Visas to buyers of Violet units in its Damac Hills 2 project, covering the cost of the 10-year residency visas. The company recently announced that 600 units in Violet Phase 3, valued at Dh1.2 billion, sold out in mere hours after launch, demonstrating the strong demand for Golden Visas among property buyers.
“Golden Visas have become a significant factor for investors choosing to buy property in Dubai. Many investors are unaware of their eligibility, as it is a relatively new initiative. We wanted to lead the market by offering this benefit as a token of appreciation to those who trust us with their investments,” said Amira Sajwani, Managing Director at Damac Properties.
The 10-year residency visa, available through property investment or other channels, has proven particularly popular among investors.
“The UAE’s Golden Visa program offers long-term residency options of up to 10 years for investors, entrepreneurs, and highly skilled professionals. To qualify, applicants must invest at least Dh2 million in local property or businesses. This initiative has been instrumental in attracting global talent and investment,” noted Get Golden Visa, a company specializing in second residency and citizenship services.
Imran Farooq, CEO of Samana Developers, also confirmed that they offer multiple Golden Visas and manage the visa application process entirely in-house.
“Clients don’t need to visit government offices for visa applications. Our team at Samana handles the entire process. We also manage shared property arrangements for husband-wife and business partners,” he added.
Danish Shareef, Managing Director of Blanco Thornton Properties Dubai, echoed similar sentiments, stating that real estate developers are offering multiple Golden Visas to investors and their families, providing long-term residency benefits alongside various other perks.
“At Blanco Thornton Properties, we offer Golden Visas to investors purchasing properties starting at Dh2 million in our Al-Barari and Majan projects, with more premium developments coming soon at prime locations across Dubai,” Shareef said, emphasizing the growing appeal of Golden Visas for high-net-worth individuals worldwide.
Anmoll D Shroff, Founder and Chairman of Elton Real Estate Development, explained that Dubai developers frequently cover the costs of Golden Visas, leveraging them as a marketing tool to add value to property deals, particularly targeting high-net-worth individuals looking to establish a long-term presence in the UAE.
“Our company offers a range of premium properties priced between Dh1.40 million and Dh3.20 million. While the Golden Visa is an attractive incentive, we tailor solutions to meet each client’s unique investment needs,” Shroff said, adding that while the policy holds great potential, it is crucial to maintain a balanced approach to preserve the value of luxury properties and encourage genuine investments.
“With thoughtful management, this strategy effectively attracts buyers who value both the residency benefits and the quality of the property, contributing to a thriving and dynamic market. Overall, this aligns with Dubai’s vision of becoming a global business and tourism hub, ensuring a steady influx of investment and talent,” he concluded.
Source : Khaleejtimes