Khaleej Times, Tuesday, May 02, 2023 | Shawwal 12, 1444
UAE: Property technology platform in Dubai offers Golden Visas to investors
Emirates:
Investors looking for a Golden Visa can now get the 10-year
UAE residency permit by investing Dh2 million or above in Dubai’s fast-growing
property market, through the online property technology platform Stake.
This is the first time in Dubai that investors can obtain a Golden Visa through
a digital investment platform.
The company is offering a Golden Visa to investors in properties through special
purpose vehicles (SPVs) that are registered with the Dubai International
Financial Centre (DIFC).
There is no restriction as to where investors must reside to qualify for the
Golden Visa, provided the minimum investment threshold of Dh2 million is met.
“As the first digital investment platform to offer this service, we’re opening
doors for global investors to capitalise on Dubai’s unmatched real estate
potential. This truly is a golden opportunity because everyone wants a piece of
Dubai, and we’ve made it extremely easy to get started,” said Rami Tabbara,
co-founder and co-CEO of Stake.
While property investment typically requires large amounts of upfront capital
and comes with a high level of risk in the case of off-plan projects, investors
globally can get started on the platform from only Dh500.
Moreover, property investors and end-users can also obtain Golden Visa by
investing Dh2 million in a property. Local property developers are also
facilitating golden visas for property buyers.
The Golden Visa has been a major attraction for foreign investors seeking
long-term residency in the UAE, especially from countries in the Middle East and
North Africa (Mena), the Indian Subcontinent, Europe and Russia, among others.
In addition to property investors, the Golden Visa is granted to scientists,
highly skilled professionals, and talented students, among others.
Rather than allocating a Dh2 million investment to a single property, the online
property technology platform allows investors to spread their capital across
multiple properties located in prime areas in Dubai, to achieve a diversified
real estate portfolio.
The DIFC-based company also eliminates the need to purchase off-plan property,
and instead offers investors to buy a piece of ready-to-occupy properties. This
approach not only generates rental income faster but also ensures a more stable
and dependable revenue stream compared to off-plan investments.