Dubai: Now, even crowdfunding your way into Dubai property investments could help get a Golden Visa. But you still need to put up Dh2 million or more.
The proptech firm Stake is offering Golden Visa options to investors coming into the platform through SPVs (Special Purpose Vehicles) registered with Dubai International Financial Centre. They must commit at least Dh2 million or more on its platform.
This initiative marks the first time in Dubai that investors can obtain a Golden Visa through a digital investment platform.
The benefits would be:
* No restriction as to where investors must reside to qualify for the Golden Visa with Stake, provided the minimum investment threshold of Dh2 million is met.
* Rather than allocate an Dh2 million investment in a single property, Stake enables investors to spread their capital across multiple properties in prime areas in Dubai.
“For property investors, getting a GV through Stake is a much easier process for many reasons,” said Rami Tabbara, co-founder and co-CEO. “You won’t have to lock in Dh2 million into one property, you can invest into 20 properties. This lowers the investor risk massively and enables the investor to get exposure into areas and developments in Dubai that he/she may not have been able to afford directly.
“More importantly, the investor’s capital is being allocated in ready-to-occupy properties, a better alternative to offplan investments. This approach will allow for investors to generate rental income faster and build a more reliable revenue stream.
“Finally, it’s about convenience. Where in the world can you qualify for a GV through investing in direct property assets on an app in 3 minutes? We will do all the paperwork and book your medical. This does not exist anywhere.”
Published by The Emirates Herald, news and information agency.