Golden Visa Surge Fuels Dubai’s Booming Real Estate Market, Offering Long-Term Benefits for Investors
Dubai’s real estate market is seeing unprecedented growth, fueled by a surge in Golden Visas issued to high-net-worth individuals and property investors. With 158,000 Golden Visas issued in 2023; nearly double the 79,617 visas issued the previous year, the programme has cemented its role as a key driver of investment in the UAE’s property market. Industry experts point to the Golden Visa’s long-term residency benefits as a primary factor attracting global investors to Dubai.
In response to this rising demand, real estate brokerage Springfield Properties is facilitating access to Golden Visa-eligible properties for investors, offering a range of premium real estate starting from Dh2 million. These properties not only provide high-quality living spaces but also allow investors to secure long-term residency for themselves and their families in the UAE.
Farooq Syed, CEO of Springfield Properties, said: “At Springfield Properties, we recognize that today’s investors are seeking more than just prime real estate – they want long-term security and a gateway to the exceptional lifestyle that Dubai offers. By facilitating access to properties that meet the Golden Visa criteria, we empower our clients to secure both high-quality homes and a lasting presence in this thriving city. Our role is to ensure that every investor we work with receives the best possible value in an increasingly competitive market”.
Since its introduction in 2019, Dubai’s Golden Visa has attracted high-net-worth individuals and property investors from around the world. The number of visas issued has grown exponentially, from 47,150 in 2021 to 79,617 in 2022, and now reaching a record 158,000 in 2023. These figures underscore the programme’s role in attracting foreign capital and ensuring Dubai’s continued status as a global business and real estate hub.
Dubai’s favourable tax regime, with zero income tax and capital gains tax, further bolsters the city’s appeal, particularly to international investors looking to grow their wealth in a stable, tax-efficient environment.
The Golden Visa provides significant advantages to investors, including long-term residency for up to 10 years. Beyond residency, Golden Visa holders and their families gain access to Dubai’s top-tier education and healthcare systems, as well as its thriving business landscape. These benefits position Dubai as a premier destination for families and professionals looking to establish long-term roots in a global city.
“With over 158,000 Golden Visas issued in 2023, the programme has established itself as a key incentive for property investors,” adds Farooq Syed. “By partnering with developers and offering tailoured solutions, Springfield Properties helps clients maximize both the financial and lifestyle benefits of investing in Dubai’s premier real estate market”.
Dubai’s real estate market is forecasted to continue to grow over the next years, driven largely by demand for luxury properties and the appeal of long-term residency through the Golden Visa. This aligns with Dubai’s broader vision of becoming a global hub for business and tourism, with continuous investments flowing into its high-end real estate sector.
Springfield Properties, through its deep knowledge of the Dubai property market and partnerships with top developers, remains committed to helping investors navigate the ever-evolving landscape of Dubai’s real estate market while securing the long-term benefits of Golden Visa residency.
As Dubai continues to attract record levels of foreign investment, particularly through its Golden Visa programme, real estate brokerage firms like Springfield Properties play a crucial role in ensuring investors are well-positioned to benefit from this trend. Offering access to Golden Visa-eligible properties, Springfield Properties is helping investors secure both high-quality real estate and a stable future in one of the world’s most dynamic cities.
Last Updated on 3 months by News Desk 1
