
The Golden Visa program in Dubai has experienced a radical change, doing away with the prior requirement that property owners make a minimum down payment of Dh1 million. Khaleej Times revealed the updated requirements, which need properties worth more than Dh2 million to grant the Golden Visa to a broader range of people. This article explores the ramifications of this policy move and how it creates new opportunities for home buyers, especially those who choose mortgages or payment plans. The action is a calculated attempt by the Dubai government to improve diversity and draw in various contributors to the city’s booming real estate market.
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