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UAE's Golden Visa
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The Evolution of the UAE's Golden Visa: A New Era for Property Owners and Investors

Holo Blog

In recent years, the United Arab Emirates (UAE), particularly Dubai, has become a beacon for global investors, entrepreneurs, and talented individuals seeking long-term residency in a vibrant, economically robust, and culturally diverse region. The cornerstone of this appeal is the UAE's Golden Visa program. This initiative, which has undergone significant changes, notably in 2024, offers a unique opportunity for those looking to invest in Dubai's burgeoning property market, to secure longer term residency.

Understanding the Golden Visa

The Golden Visa is a 10-year renewable residency scheme introduced by the UAE in 2019. It's designed to attract foreign talent and investment to the country. Initially, the eligibility criteria for obtaining this visa through property investment were stringent, including a substantial minimum down payment. However, recent reforms have made it more accessible, particularly for property investors.

Recent Changes to the Dubai Golden Visa

In a landmark move, Dubai has scrapped the previous requirement of a minimum down payment of AED 1 million for property investors looking to apply for the Golden Visa. This change means that as long as the property's value exceeds AED 2 million, owners can apply for the Golden Visa regardless of the amount paid upfront. This policy adjustment is particularly beneficial for those opting for a mortgage or off-plan instalment plans, opening the door to a broader spectrum of investors and solidifying Dubai's position as a prime destination for real estate investment.

Golden Visa Application Process

The process of applying for the Golden Visa involves specific documentation and adherence to the set criteria. Prospective applicants must prepare essential documents, including a title deed, developer letter or mortgage document from the bank, and personal identification documents. The General Directorate of Residency and Foreigners Affairs (GDRFA) oversees the application process, ensuring a streamlined and efficient experience for applicants.

The Golden Visa and Esaad Privilege Scheme

Golden Visa holders now have access to the Esaad Privilege Scheme which extends additional benefits and exclusive discounts, previously only accessible to UAE Citizens. The cost of the Golden Visa, including for dependents, varies based on the specific category and requirements. However, the recent changes have significantly lowered the financial barrier for property investors, democratising access to long-term residency in the UAE.

Golden Visa for Students and Families

The Golden Visa program also extends to students, allowing exceptional young talents to establish long-term residence in the UAE. Moreover, the scheme includes provisions for sponsoring family members, further enhancing its appeal to those looking to make a life in the UAE.

Impact on the Mortgage and Property Sector

The easing of Golden Visa requirements is expected to revitalise the Dubai property market, as more investors can now leverage mortgage financing to meet the criteria. This development bodes well for mortgage brokers and financial institutions offering mortgage products in Dubai. The demand for comprehensive mortgage services, including digital mortgage platforms, mortgage calculators, and personalised mortgage solutions, is likely to surge.

Holo: Your Partner in Navigating the Dubai Mortgage Landscape

As the first digital mortgage platform in the Middle East, Holo is at the forefront of transforming the mortgage landscape in Dubai. Our platform simplifies the mortgage process, offering a plethora of mortgage products from various banks in the UAE. Whether you're a prospective property owner looking to apply for the Golden Visa or an existing homeowner seeking to refinance, Holo's team of expert mortgage consultants is ready to guide you through every step of your mortgage journey. From mortgage FAQs to personalised mortgage application assistance, Holo ensures a seamless, transparent, and efficient experience for all clients.


The UAE's Golden Visa program, particularly with its recent reforms, stands as a testament to the country's commitment to attracting global talent and investment. For those looking to invest in Dubai's property market, the Golden Visa offers an unparalleled opportunity to secure long-term residency and enjoy the benefits of living in one of the world's most dynamic cities. As you navigate this exciting investment landscape, Holo is your trusted partner, providing expert guidance and innovative mortgage solutions to help you realise your property ownership dreams in Dubai.

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