Dubai attracts more foreigners thanks to Golden Visas

In the first six months of 2023, Dubai has witnessed an impressive increase in the number of golden visas issued to foreigners. Compared to last year, the number of golden visas increased by 52%. Resident visas also saw a significant increase of 63%, while tourist visas increased by 21%. Which is a testament to the Dubai government's commitment to attract qualified professionals, scientists, doctors and talented foreigners.

Let's look at the benefits of golden visas and why they have become so popular. Since 2019, the UAE has been offering golden visas to foreigners who wish to work, invest or simply live in the country. These visas have become a powerful tool for attracting talented and successful people from all over the world. They provide unique opportunities and privileges that attract the attention of many.

One of the ways to get a golden visa is to invest in real estate in Dubai. In 2022, the UAE government relaxed conditions for investors by reducing the minimum investment amount

and allowing the purchase of real estate with a mortgage or under construction. Now people who purchase real estate worth $545,000 or more can qualify for a golden visa.

One of the main advantages of golden visas is the possibility of unlimited visa extension. This means you can stay in the country for as long as you need without worrying about deadlines.

You only need to come to the UAE 1-2 times a year to confirm your status. In addition, golden visas also cover the investor's spouses and children, making them even more attractive for a family move.

Dubai is one of the most attractive cities to live and work. The combination of modern infrastructure, high standard of living, cultural diversity and a favorable business climate makes it an ideal destination for international professionals. Golden visas have become an additional incentive to move to Dubai, providing the opportunity to gain stability and prosperity in this unique country. The rise in the number of golden visas in Dubai in the first six months of 2023 demonstrates the UAE's attractiveness to foreigners.

The Government of Dubai offers unique opportunities for skilled professionals, investors and talented people who seek stability and prosperity. Golden visas have become an important factor in promoting the country's development and attracting international attention. If you are planning to obtain a residence permit in the UAE or are considering relocating, contact the experts at Mercury Group for advice and support.