UAE banks drive Golden Visa demand with competitive mortgage rates, residency support

Banks in the UAE are emerging as the new heroes for pushing the country’s Golden Visa programme, aggressively wooing overseas investors with highly competitive fixed-term mortgage rates – as much as two percent lower than countries like the UK and India – and also doubling up as enablers for processing loan applicants’ long-term residency visa process, real estate industry insiders said.

A minimum document policy for non-resident housing loan applicants is another major incentive offered by banks for foreign nationals, attracting them in large numbers to seek both mortgages and Golden visas.

ref: https://www.arabianbusiness.com/industries/real-estate/uae-banks-drive-golden-visa-demand-with-competitive-mortgage-rates-residency-support