The UAE’s 10-year Golden Visa program continues to evolve, with recent updates in 2024 making it more accessible to investors, professionals, and exceptional talents. From revised property investment criteria to salary thresholds, these changes aim to attract global talent and capital to the UAE.

Key Updates to the UAE Golden Visa Rules

1. Real Estate Investments

The UAE has expanded eligibility for Golden Visas through real estate investment:

• Property Value Threshold: Investors now need properties valued at a minimum of Dh2 million. This can include a single property or multiple combined properties.
• Off-Plan Properties: Investments in off-plan properties are now eligible if:
  • A 50% down payment is made or a bank guarantee covers the remaining amount.
  • The property is at least 50% complete.
  • The purchase is approved by relevant authorities.
• No Minimum Down Payment: The requirement for a Dh1 million down payment has been scrapped. Properties valued at Dh2 million or more qualify, even if their purchase price is lower than the current valuation.

This update broadens opportunities for investors without requiring upfront capital for completed projects, driving growth in the UAE’s real estate and construction sectors.

2. Higher Salary Requirements for Professionals

Professionals in the UAE must now meet stricter salary requirements:

• Basic Salary Threshold: A monthly basic salary of Dh30,000 is required, excluding allowances like housing, transport, or school fees.
• Proof of Income: Applicants must provide six months of bank statements as verification.

This update refines eligibility, focusing on professionals with stable, higher incomes, and aligning with the UAE’s strategy to attract skilled workers.

3. Recognition for Outstanding Teachers

Teachers who have made exceptional contributions in education are now eligible for the Golden Visa. Announced on World Teachers' Day, this decision highlights the UAE’s commitment to honoring educators.

• Eligibility: Teachers in private schools, early childhood centers, and higher education institutions in Dubai.
• Education Verification: Degrees must be recognized by the UAE’s Ministry of Education.

This inclusion recognizes the vital role of educators in shaping the nation’s future generations.

Benefits of the UAE Golden Visa

The Golden Visa provides several advantages for holders and their families:

• Multiple Entry & No Sponsor Needed: Visa holders can freely travel in and out of the UAE without requiring a local sponsor.
• Family Coverage: Spouses, children, and even parents can benefit from the visa, enjoying the same privileges.
• Work, Study, and Residency Rights: Dependents can live, work, and study in the UAE with access to public and private sector services.
• Long-Term Stability: With a renewable 10-year validity, the visa ensures long-term stability and security for residents.

Conclusion

The UAE’s updated Golden Visa program reflects the country’s commitment to fostering an environment that attracts global talent, innovation, and investment. Whether you’re an investor, professional, or educator, these changes offer new pathways to establish a long-term presence in one of the world’s fastest-growing economies.

For more details on eligibility and application processes, consult the UAE immigration authorities or your local property and investment advisors.