Golden Visa in Dubai with Unique Estates - how to get it and what does it give you?

date
15/02/2023
author
Sylvana Vassileva

Dubai is the most popular place for investment, business and travel today. A destination that attracts the attention of the world with its extremely favorable conditions for living, investing and working. Among the advantages of investing in the global metropolis are: 6-10% rental yield, 13% in short-term, 0% VAT for residential properties, flexible payment schemes and a favorable social environment. Also, the UAE ranks among the safest places to live in the world.

A few days after the successful campaign promoting its new business line related to real estate sales in Dubai, Unique Estates registered its first transactions in the most popular investment destination today. Both editions of the exclusive Dubai Property Show, which the company organized for its Bulgarian clients, aroused great interest and enjoyed high attendance. During the event, Unique Estates presented the most interesting investment projects in Dubai together with its official partner in the United Arab Emirates - Bonne Apart UAE.

When it comes to investment in Dubai, Unique Estates has the advantage of relying on the experience and support of Bonne Apart UAE, a company that has proven itself to be one of the market leaders. Thanks to this, Bulgarian clients can count on a high level of service, with the provision of comprehensive assistance, regardless of whether they want to invest in property, start a new business or establish in the UAE.


But what are the regulations related to investment and residency in Dubai and how do you get a Golden Visa?

Over the past few years, the United Arab Emirates have been trying to rebuild the country's economy and attract investors, as well as successful and talented people from around the world. This is facilitated by the competent migration policy of the country, which simplifies moving to the UAE and promises a whole range of bonuses. The government provides investors who purchase property above $270,000 (AED 1 million) with an investor visa, which entitles them to an Emirates ID and driver's license. The Golden Visa is a long-term resident visa that enables foreign talents to live, work or study in the UAE. Investors, entrepreneurs, scientists, outstanding students and graduates, as well as members of international or regional humanitarian organizations are among those eligible for a Golden Visa.


What are the conditions for obtaining a Golden Visa?

Foreign investors can obtain a Golden visa in the UAE if they meet one of the following conditions:

▶ Purchase a property worth no less than AED 2 million or buy one or more off-plan properties worth not less than AED 2 million from approved local real estate companies.
▶ Own or partner in a start-up business registered as a small and medium enterprise (SMEs) in the UAE, and the company generates annual revenues of not less than AED 1 million.
▶ UAE Fund – Investment Fund accredited in the UAE stating that there is a deposit of AED 2 million.
▶ Industy: Has a commercial or industrial license with Investor’s Memorandum of Association of his/her company, provided that the investment capital is not less than AED 2 million.
▶ Lump tax: The Federal Tax Office stating that the investor owns a company that pays the government no less than AED 250,000 annually.



What are the benefits of the Golden Visa?


▶ Entry visa for six months with multiple entries to proceed with residence issuance
▶ Long-term, renewable residence visa valid for 10 years
▶ Self-sponsored visa as there is no need for an employment sponsorship
▶ Ability to stay outside the UAE for more than 6 months while keeping their residence visa valid without it being cancelled
▶ Sponsoring members of their families including spouses and children regardless of their age
▶ Sponsoring an unlimited number of domestic helpers
▶ Allows family members to remain in the UAE until the end of their permit duration, if the primary Golden Visa holder passes away
▶ No personal income taxes in the UAE
▶ Tax-free rental income
▶ 100% Business Ownership
▶ Free discount cards for Gold Visa holders (Esaad privilege card)
▶ Esaad Card is a loyalty program launched in 2018 by Dubai Police that provides a range of benefits and discounts across several sectors including healthcare, education, hospitality, restaurants, entertainment, real estate and more. Discounts and preferential conditions for cardholders are valid at 7,237 businesses and brands in the UAE, as well as in 92 countries around the world.
NOTE: The Golden Visa program does not lead to citizenship.


Unique Estates clients receive a free consultation on the market and investment and residence opportunities in Dubai. The team prepares a professional offer with suitable properties that meet your individual search and needs.


For more information, do not hesitate to contact us!

Do we need a broker when buying and selling a property?

Many of you probably ask this question when it comes time to change homes or purchase a new property. Why do I need an agency when there are websites show direct information from an owner?

Generally speaking, a real estate agent will save you time and effort, protect you from incorrect owners, and guide you seamlessly through the process.

How is the market price of a property determined?

The market price is determined by real estate professionals using the comparative market analysis method. The purpose of the analysis is to determine the correct price range in which to position a property when it is advertised for sale. 

 

How are the undivided shares of a property calculated?

For each independent property, the undivided shares are calculated using the following formula:

Undivided Shares (%) = (Built-Up Area/Gross Floor Area) *100

Where:

Undivided Shares (%) is the size of the common areas adjacent to the property.

Built-Up Area (BA) is the built-up area of a property.

Gross Floor Area (GFA) is the total floor area contained within the entire building.

 

How is a property boundary determined?

A property boundary is determined by filing a petition to fix the boundary between properties. In order to determine the exact boundaries of a landed property, it is necessary to carry out the so-called tracing. This means to mark various points, lines, planes or surfaces on the terrain.

 

How is a rental agreement concluded?

According to the Bulgarian legislation, a rental agreement can be concluded both in written and oral form. In both cases, the agreement is considered valid and has legal force. However, the choice of an oral agreement hides significant risks, mainly due to the difficulties in proving the agreed terms and conditions.

 

How to terminate a tenancy agreement?

When you wish to terminate your tenancy agreement, you must comply with the period specified in the agreement and give prior written notice. If you wish to leave earlier than this period, you must pay a penalty to the landlord.

 

Where to find a four-room apartment in Sofia city for rent?

Unique Estates offers spacious and cozy four-room apartments for rent in Sofia city in the following neighborhoods: “Lozenets“, “Ivan Vazov“, “Iztok“, “Boyana“, “Simeonovo“, as well as in the center of the capital.

 

Why to buy a luxury property with Unique Estates?

With 17 years of experience in the luxury properties market in Bulgaria, we serve corporate and wealthy customers, offering an extensive database of 70 000 potential buyers. Our partnerships guarantee us services at international level, personal attention and fairness, which turns your dream property into reality.

How to make an expert appraisal of a property?

The first step in making an expert appraisal of a property is to contact a certified appraiser registered in the Chamber of Independent Appraisers in Bulgaria. For the process, you will need an ownership document, an up-to-date sketch or cadastral map of the property and other documents depending on the type of the property.

 

When market analyses and research are conducted?

Market analyses and research are conducted before making important business decisions, launching new products on the market, making investments, or expanding the business into new markets.

 

What does a market analysis involve?

The market analysis includes a complex analysis at several levels: general market analysis, industry market analysis, market analysis of an individual product. These assessments provide valuable data for informed decision making and strategic planning.

 

For whom can the real estate market analysis be useful?

The real estate market analysis can be useful for investors, home buyers, agents, financial institutions, property managers, end users, etc. It helps in making informed decisions and understanding market trends and property prices.

 

What does credit counseling for the purchase of a property include?

The service offers personalized assistance for granting a loan, which starts with an individual consultation to determine the parameters of the loan, such as purpose, collateral, repayment period and required documents. After that the intermediary submits suitable bank offers to the client and, upon selection, assists in the preparation of the documents.

 

How to easily find a gated community at the seaside?

You can find a gated community at the seaside on the websites of real estate agencies. Unique Estates offers luxury gated communities at the seaside. Explore our collection of gated communities and find the perfect one that suits your preferences.

 

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Golden Visa in Dubai - how to get it and what does it give you?