Dubai’s real estate sector, a major attraction for global investors, is undergoing a significant transformation. Leading property developers in the Emirate are now integrating Golden Visas into their sales strategies. This initiative is directed at high-net-worth individuals purchasing properties valued at Dh2 million or more, thereby securing a 10-year UAE residency under the Golden Visa programme.
Damac Properties Leads the Way
Damac Properties, Dubai’s largest private developer, is setting the pace with a groundbreaking approach. The company recently offered three Golden Visas to buyers of its Violet units at Damac Hills 2. By covering the cost of these visas, Damac has seen remarkable success, with 600 units worth Dh1.2 billion selling out rapidly in the Violet Phase 3 launch.
Samana Developers Take Charge
Samana Developers has embraced this trend by offering a hassle-free process for potential buyers. The company manages all visa processing in-house, eliminating the need for clients to navigate government offices. This streamlined approach not only simplifies the investment process but also enhances the overall appeal of their properties.
Blanco Thornton Properties and Elton Real Estate
Blanco Thornton Properties is strategically leveraging the growing Golden Visa trend. The company extends these visas to buyers of properties starting at Dh2 million across various premium projects in Dubai. This move aligns with Dubai’s vision of attracting global investors and elevates the attractiveness of its property offerings.
Elton Real Estate Development offers a range of premium properties priced between Dh1.40 million and Dh3.20 million. By leveraging the Golden Visa as a key marketing tool, Shroff highlights the importance of balancing luxury property values with genuine investment. While the visa programme serves as a powerful incentive, maintaining this equilibrium is crucial for sustaining a robust and thriving real estate market.
In summary, as developers continue to leverage the Golden Visa programme, the real estate market is likely to experience increased dynamism, fostering sustained growth and maintaining Dubai’s competitive edge in the international property arena.
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