Dubai will grant golden visas to imams and preachers serving for over 20 years, in accordance with an order that has been issued by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, the Crown Prince of Dubai and the Chairman of The Govt Council of Dubai.

The brand new determination implies that imams, preachers, muezzins, Muftis, in addition to spiritual students who’ve labored in Dubai for greater than 20 years, will profit from the GoldenVisaProgram, Visaguide.World reviews.

As well as, Sheikh Hamdan additionally instructed them to provide them monetary rewards forward of Eid Al Fitr. Such a choice has been taken with the intention to present appreciation for his or her work in educating Islam and selling tolerance.

Dubai’s Golden Visa Program permits internationals to accumulate residency in trade for monetary contributions. These fascinated by UAE’s Golden Visa Program are additionally required to fulfill some particular situations to profit from this visa that’s issued for 5 to 10 years, relying on the eligibility class of the applicant.

Final yr, Dubai additionally took an identical determination forward of Eid Al Fitr.

Enhancing the Golden Visa Program

With a view to entice a bigger variety of rich overseas traders, the UAE beforehand determined to abolish the Dh1 million ($272,294) minimal down cost required for these to accumulate a golden visa by way of an actual property funding  choice.

The brand new modifications led extra individuals to show eyes to this scheme. Beforehand, CEO of Springfield Properties, Farooq Syed, advised Khaleej Occasions that demand for properties that make consumers eligible for the Residency by Funding Program (RIP), referred to as the Golden Visa scheme elevated exponentially.

Based on Syed, they’re getting many purchasers from Iran, Syria, Pakistan, and different nationalities with weaker passports and are shifting from one-bedroom to two-bedroom to be eligible for the ten-year residency.

One of many shoppers was about to purchase a Dh1.9 million property, however he modified his thoughts and determined to go for a Dh2 million property as a result of Golden Visa eligibility. Prospects who wish to make investments Dh1.5 million plus are rising their price range to Dh2 million now.

Statistics supplied beforehand by the Basic Directorate of Residency and Foreigners Affairs (GDRFA) revealed that Dubai noticed a 52 p.c surge within the variety of Golden Visas issued within the first half of 2023.