In co-operation & co-ordination with the General Directorate of Residency and Foreigners Affairs, Dubai Land Department granted golden visas to twenty investors who belonged to twelve nationalities, whose value of direct real estate investments surpassed Dhs200M. This came during a ceremony held at Dubai Land Department in the presence of Director General of GDRFA, Major General Mohammed Al Marri, Director General of DLD, Sultan Butti bin Mejren, and a number of Chief Executive Officers & senior directors from the private and public sectors.
The 5-year golden visas were given during the ceremony to the real estate investors whose individual investments in the local real estate market surpassed Dhs 5M and are registered at Dubai Land Department. Family members; wives & children will also benefit from this privilege. To obtain the golden visa, The conditions without a sponsor include investing at least one existing properties that satisfy the total value condition, irrespective of whether the property is owned by a group of investors or an individual. The list of countries the investors belong to includes Pakistan, Iraq, the United States of America, Nevis, Tunisia, Jordan, Commonwealth of Dominica, India, China, Libya, Iran, Kazakhstan, and Saint Kitts.
Bin Mejren stated that we would like to thank General Directorate of Residency and Foreigners Affairs for cooperating with us in this project that will greatly benefit the United Arab Emirates and Dubai, merging the position of Emirates at the forefront of destinations capable of attracting foreign direct investment and capital, in line with the directives of His Highness ‘Sheikh Mohammed Bin Rashid Al Maktoum’, VP & Prime Minister of the United Arab Emirates & Ruler of Dubai. The collaboration and integration between the government sectors via this project contributes to the happiness of residents, citizens, & visitors, and highlights the readiness of our institutions to formulate gound-breaking solutions.