Residents in Dubai are increasingly becoming eligible for the Golden Visa residency program due to a rise in property prices. The Golden Visa, which offers 10-year residency in Dubai, has become a major attraction for overseas investors. Many townhouse buyers are now eligible for the visa as property prices have crossed the Dh2 million mark. New townhouses are being launched at Dh2 million and above, making buyers eligible for the 10-year residency. The growth in property prices has been driven by post-pandemic recovery and increased demand from residents and foreign investors. Additionally, the government’s introduction of long-term residency visas has attracted expatriate professionals and investors to the real estate sector.
The increase in property prices in Dubai has resulted in more people becoming eligible for the Golden Visa residency program. Townhouses that were previously priced below Dh2 million are now selling for Dh2.5 to Dh3 million, making buyers eligible for the 10-year Golden Visa. Additionally, the government has softened the procedure for long-term visas, making it easier for residents to apply for the Golden Visa. As a result, more people are choosing to stay in Dubai on a long-term basis and take advantage of the benefits offered by the Golden Visa program.