Dubai’s Rising New Golden Visa Holders: 158,000 and Counting as of May 2024

UAE Golden Visa: Rising Demand and Promotion The UAE Golden Visa, a prestigious 10-year residency permit, is becoming increasingly popular. This visa offers long-term residency to investors, entrepreneurs, specialized talents, researchers in various fields of science and knowledge, and bright students with promising scientific capabilities. Let’s dive into why this visa is attracting so much attention and how local banks are promoting it. The Popularity of the UAE Golden Visa The UAE, particularly Dubai, has witnessed a surge in the number of millionaires. This increase is driving the demand for the UAE Golden Visa. Affluent individuals seek the stability and benefits that come with long-term residency in a dynamic and economically vibrant country like the UAE. Investment Requirements To qualify for the UAE Visa, local banks require a minimum investment of Dh2 million. This investment needs to be maintained in deposits for at least two years. The significant investment is a gateway to securing a long-term residency, showcasing the applicant’s commitment and financial stability. Role of Local Banks