Daijiworld Media Network - Dubai

Dubai, Jul 8: The United Arab Emirates (UAE) government has clarified that its Golden Visa programme continues to be regulated solely by government authorities, dismissing claims that it is available automatically through real estate purchases or agent nominations. All nominations, including those submitted by authorised agents, are subject to a vetting process conducted by UAE authorities, with final approval resting exclusively with the government.

The clarification comes in response to certain real estate companies promoting the Golden Visa as an assured benefit for Indian nationals who invest in property, creating the misleading impression that one can obtain it by merely paying a one-time fee or buying real estate. The UAE statement emphasised that eligibility for the visa is not automatic and must meet government-set criteria.

Golden Visas may be granted on various grounds, such as real estate investment of at least AED 2 million, business ownership, or exceptional merit in fields like science, medicine, culture, media, and sport. The announcement is expected to have a significant impact on Indian real estate investors who have traditionally considered property investment a gateway to long-term UAE residency.

Akash Puri, Director – International, India Sotheby's International Realty, said this change would likely temper speculative buying, particularly in mid-range and entry-level properties. He noted that with broader eligibility criteria in place, the pressure to invest in property purely for residency benefits would reduce, shifting focus toward long-term value and strategic investment.

High-net-worth individuals investing in luxury properties are unlikely to be affected, as their motivations are less tied to visa access and more focused on asset quality and global portfolio diversification. Puri suggested Indian investors recalibrate their strategy from residency-led to value-led decisions, which may contribute to a more stable and sustainable real estate market in the UAE.

The UAE Golden Visa grants long-term residency to foreign nationals, allowing them to live, work, or study in the country. It includes benefits like multiple-entry options, no local sponsorship requirement, and the ability to sponsor family members and domestic workers. The UAE authorities issued the clarification to prevent misinformation and ensure the programme remains transparent, merit-based, and secure from misuse.