UAE: New deal to help some real estate buyers apply for Golden Visa

The Abu Dhabi Residents Office, part of Abu Dhabi Department of Economic Development (ADDED), announced the signing of a strategic agreement with Aldar Properties PJSC, the leading company in property development, management, and investment in Abu Dhabi, for the purpose of enhancing the Abu Dhabi Golden Visa's services and offerings.

As per the agreement, the Abu Dhabi Residents Office and Aldar Properties are working on developing a joint strategy to promote the Emirate of Abu Dhabi, and its portfolio of real estate projects, and to identify opportunities to support investors and talent.

The Abu Dhabi Residents Office will support clients of Aldar when applying for a Golden Visa upon purchasing a property valued at more than Dh2 million from the wide range of options available through Aldar's projects, such as Yas Acres, Mayan, Louvre Abu Dhabi Residences, and more.

The agreement also provides residents with Golden Visas in Abu Dhabi with a two per cent discount when purchasing select properties directly from Aldar, as well as exclusive priority registration at certain schools affiliated with Aldar Academies, in addition to benefiting from the Darna loyalty program.

In addition, the two sides will launch joint activities to promote Golden Visas in Abu Dhabi and other initiatives related to attracting and retaining talents in the Emirate, which is driven by their mutual commitment to attracting skilled and talented individuals and retaining them.

Hareb Al Mheiri, Executive Director of the Abu Dhabi Residents Office said: "This agreement aligns with the Office's strategic goals that seek to facilitate the affairs of Abu Dhabi residents, by helping them to settle and integrate into society and developing a number of smart services and benefits that enhance their lifestyle. This partnership will also affirm our efforts to attract top talents from across the world to the Emirate, which is one of the world's most preferable cities to live and work.

This agreement further enhances Abu Dhabi's attractive position as an investment hub, particularly in the real-estate sector which is a vital economic element that influences investors' trends and plans on the mid and long term."

Jonathan Emery, Chief Executive Officer at Aldar Development, said: "As Abu Dhabi's leading property developer and a key partner for economic growth, Aldar is proud to be part of an initiative that reinforces the UAE's position as a global destination of choice for residents, investors, entrepreneurs, the business community and talent alike. Since its formation, Aldar has established a wide network of investors, entrepreneurs, and top talent, ensuring it is at the forefront of Abu Dhabi's growth story and a valuable partner for the Golden Visa programme."