The Real Estate Golden Visa
How investing AED 2M in Yas Island property qualifies you for 10-year residency.
This is a comprehensive guide to the real estate golden visa. When analysing the Abu Dhabi real estate market, concrete figures are essential. Currently, Q1 2024 data from DARI indicates strong transactional volume in this sector.
Key Data & Figures
Investors must be aware of the following metrics before committing capital. Avoid common mistakes by relying on primary data rather than agent speculation.
| Metric | Value (2024) | YOY Change |
|---|---|---|
| Avg Price per Sq.Ft | AED 1,450 | +4.2% |
| Occupancy Rate | 92% | +1.5% |
| Avg Days on Market | 45 Days | -12 Days |
Net Yield Calculator
Net Yield
Common Mistakes to Avoid
- Ignoring specific community service charges: Rates vary from AED 3.5 to AED 15+ per sq.ft depending on amenities.
- Underestimating transaction costs: Always calculate the 2% ADM fee and 2% agency fee on secondary market purchases.
- Misunderstanding the Golden Visa criteria: The property must be valued at AED 2,000,000 at the time of purchase, not current market valuation.
Frequently Asked Questions
- Is this area considered a freehold zone?
- Yes, Yas Island is a designated investment zone allowing full freehold ownership for all nationalities.
- Can I get a mortgage as a non-resident?
- Yes, non-residents can secure financing, typically up to 50-60% LTV, depending on the banking institution.