Golden visas granted to 20 investors from 12 nationalities


Daijiworld Media Network - Dubai (SHP)

Dubai, Jul 12: Dubai Land Department (DLD), along with the General Directorate of Residency and Foreigners Affairs (GDRFA) granted golden visas to 20 investors belonging to 12 different nationalities. These investors had a value of direct real estate investments exceeding AED 200 million.

However, there exists certain conditions that are needed to be fulfilled in order to qualify for the golden visa, an investor needs to invest in one or more existing properties. This investment can be regardless of whether the property is owned by an individual or a group of investors. The list of countries the 20 investors belonged to were; Tunisia, America, Commonwealth of Dominica, India, Iraq, China, Libya, Jordan, Iran, Pakistan, Kazakhstan, and Saint Kitts and Nevis.

Major General Mohammed Al Marri, Director General of GDRFA, Dubai; Sultan Butti bin Mejren, Director General of DLD; CEOs and senior directors from public and private sectors were also present during the event.

Al Marri said, "The UAE Cabinet’s decision to grant golden visas comes in line with the objectives of UAE Vision 2021 to achieve an economy based on flexibility, diversity, and innovation. GDRFA provided a number of investors with a five-year golden visa in cooperation and coordination with DLD."

The five-year golden visas were presented to investors of real estate who had individual investments over AED 5 million in the real estate market, and also were registered at DLD.

Top Stories


Leave a Comment

Title : Golden visas granted to 20 investors from 12 nationalities


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image