If you’re on this website, you will have undoubtedly read all about the virtues of the Portugal Golden Visa, and how it is the easiest and most practical route to a European passport today. But today, we’re looking at an interesting alternative – the Dubai Golden Visa 2024. What we’re talking about here is a 10-year renewable residence permit, that you can obtain by investing in property in Dubai. It can be one, or a portfolio of properties, but the minimum value must be greater than $545,000 USD (2m AED to be specific, although the currency is pegged to the USD).

Let’s start by asking a key question: Why would you want a Golden Visa in Dubai? What are the benefits? The short answer is that there are a lot of them. The Dubai Golden Visa 2024 is demonstrably the best Plan B safety net in the world as of right now. It gives you the unlimited right to reside in a safe, neutral country with an ultra-low tax regime. It’s the perfect place to escape to if you run into any difficulties at home – be that war, social unrest, or even tax-related issues.

The Golden Visa gives you the right to live, work or study in Dubai if you so choose – of course, you don’t have to stay there at any point so that is again up to you. If you do decide to become a resident of Dubai, however, you’ll have access to its famous tax benefits: that means 0 tax on income, capital gains, no wealth tax, no tax on dividends and no inheritance tax. Of course, you should always make sure you’re not being taxed anywhere else – so ask an advisor if you’re not sure. Wealth managers like myself can usually help you here, in addition to providing advice on the Dubai Golden Visa 2024 itself.

Being a resident of Dubai would also give you access to its world-class healthcare and education systems, and allow you to open up a business in either the mainland or the freezone. That’s another topic for a separate video, but that’s a great benefit in and of itself. You can also open a bank account in the UAE, and the investment case for the underlying property investment can be really quite spectacular if you choose the right property for your goals.

Essential Background to the Dubai Golden Visa 2024

The Dubai Golden Visa began in 2019 and has been hugely popular since, with over 200,000 residence permits granted as of 2024. The big change this year, and what really sets the Dubai Golden Visa 2024 apart from many others right now, is that as of this year there will be no minimum equity requirement. If you have enough for a down-payment on a property, which could conceivably be as low as $100,000 in some cases, then you can finance the rest with a mortgage and still get the Golden Visa! This is especially interesting if you rent it out to tenants, and can cover the cost of the mortgage in such a way.

The property you use for the Golden Visa can be ready-built or off-plan, that’s up to you, either will give you the residence permit. Interestingly, any nationality can apply and you don’t even need to spend any time in Dubai to keep the residence permit. And if you meet the ongoing criteria after the 10years are up, you can simply renew your Dubai Golden Visa again. You can also include your spouse, your dependent children and parents, and even domestic helpers if that is relevant to you.

The above video was originally published on my Youtube channel (which you can access here). If you would like to stay informed of the latest updates on the Golden Visa and second citizenship landscape, you may wish to consider subscribing.

Would you like to explore the Dubai Golden Visa 2024 and review property opportunities in the UAE? 

To learn about your best options to access the Dubai Golden Visa, click the button below for a free consultation with Jonathan (or a member of his expert Residency & Citizenship by Investment team). We’ll walk you through the details of the program, and begin building the strategic framework for your investment journey.