The Gulf state has implemented a new Golden Visa system that is based on nominations, which is a significant departure from the previous model that required significant commercial or real estate investments. Indians and Bangladeshi nationals may now obtain a visa under the new policy by paying only AED 1,00,000, or approximately ₹23.3 lakhs.
It was once necessary to invest at least AED 2 million (₹4.66 crore) in real estate to obtain permanent residency in the United Arab Emirates. Over 5,000 Indians are anticipated to apply in the first three months of the newly launched scheme, which enables selected individuals to be nominated and apply directly, according to sources engaged in the implementation.
India and Bangladesh have been selected for the pilot phase, with the implementation in India being led by the UAE-based consultancy Rayad Group. The managing director of Rayad Group, Rayad Kamal Ayub, described it as a “golden opportunity” for Indian nationals to capitalise on the long-term benefits of living and working in the United Arab Emirates.
The response on social media was immediate and amusing. X was overrun with jokes, sarcasm, and memes, ranging from fictitious passports to fictitious bank loans. One tweet that went viral said, “As soon as I read that Dubai is offering Golden Visa for ₹23L, I felt a wave of patriotism leave my body.
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