In the United Arab Emirates, the requirement for a minimum initial contribution of 1 million dirhams ($272,294 USD) to obtain a «Golden Visa» for real estate investments has been lifted.
Now, investors can apply for the «Golden Visa» if the value of their real estate is 2 million dirhams or more, regardless of whether it is new, completed, purchased with a mortgage, or not.
This change aims to attract a larger number of individuals and investors, strengthening ties with the country.
The decision is intended to increase confidence in the real estate market and stimulate its development.
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