Is the UAE Golden Visa a Government-Regulated Initiative?

Synopsis
Key Takeaways
- Government-regulated process for Golden Visa
- Eligibility not automatic; requires vetting
- Investment avenues include real estate and business ownership
- Shift in investor focus from residency to value-led strategies
- Long-term benefits for strategic, resilient market
New Delhi, July 8 (NationPress) The authorities in the UAE have made it clear that the Golden Visa programme is strictly government-regulated. All applications, including those from authorized agents, are subjected to a government-led vetting process, with the final decision exclusively made by UAE officials.
The statement elaborated, "The UAE Government may issue Golden Visas based on various criteria, such as real estate investments of AED 2 million, business ownership, and outstanding accomplishments in sectors like science, medicine, arts, culture, media, and sports.
This clarification comes amid misunderstandings propagated by real estate companies suggesting that the Golden Visa could be easily obtained through property purchases.
There was a misconception that Indian nationals could simply acquire the visa through nominations by paying a one-time fee.
The UAE government has emphasized that eligibility requires navigating a government-regulated process, which is not automatic.
According to Akash Puri, Director International at India Sotheby's International Realty, this new development presents a dual impact for Indian real estate investors.
Traditionally, investing in property was a primary pathway to long-term residency, leading many Indian investors to explore this option for both capital preservation and immigration benefits.
Puri noted, "With the visa now available through broader channels, the urgency for investment solely for residency might diminish, especially in the mid-market and entry-level segments. This could temper speculative buying and promote more informed investment strategies.
High-end properties will still attract ultra-high-net-worth individuals (HNWIs), who remain largely unaffected by the revised professional-centric requirements.
Puri advised Indian investors to adjust their focus from residency-driven transactions to value-oriented strategies. This shift could foster a more stable, resilient real estate market that values strategic, long-term investments over short-term speculation.
The UAE Golden Visa serves as a long-term residency permit, allowing holders to live, work, or study in the country.
It provides multiple-entry options, eliminates the need for a sponsor, and allows holders to sponsor family members and domestic workers.