A significant real estate brokerage highlighted that the recent decision by the UAE to eliminate the AED 1 million ($272,294) minimum down payment requirement for the Golden Visa scheme is poised to play a crucial role in attracting foreign investment and stimulating growth in the real estate sector. Previously, to be eligible for the Golden Visa, a 10-year renewable residency program based on real estate investment introduced in 2019, investors were obligated to purchase properties valued at AED 2 million or more.
