It is a path to temporary residency and UAE citizenship eligibility. The program appeals to investors seeking to migrate to Dubai, UAE.
An Introduction to Dubai, UAE
Dubai is the most populous city in the United Arab Emirates (UAE). It is the capital of the Emirate of Dubai, the most populated of the 7 emirates of the United Arab Emirates. The city was established in the 18th century as a small fishing village. However, over time, it grew rapidly with its focus on tourism and luxury.
It is located in the eastern Arabian Peninsula on the coast of the Persian Gulf and is a major global transport hub for passengers and cargo. Oil money accelerated the growth of the city, which was already a significant commercial center.
Since the early 20th century, Dubai has served as a hub for regional and global trade. Trade, tourism, aviation, real estate, and financial services all contribute to Dubai's economy. In 2018, the emirate's GDP from oil output was less than 1%. In the vicinity, 3.49 million people call the city home (as of 2021).
Due to decades of government policies that have supported the market, Dubai is now one of the world's fastest-growing economies and the center of the region's business, finance, and commerce.
Dubai is a diversified, multicultural, and fascinating haven for exceptional business prospects while preserving a satisfying lifestyle, making it popular with visitors, company owners, and investors alike.
By creating a special investment-driven visa scheme that enables investors to live legally in the UAE and create a secure future for both their families and their enterprises, Dubai promotes and encourages international investment.
In 2022, the government approved new conditions for getting a Golden Visa in the United Arab Emirates by investment. The new conditions include a reduced investment amount, no restrictions on the duration of stay in other countries and an opportunity to buy off-plan properties and take a mortgage.