Who doesn’t want to enjoy long-term residency in a city like Dubai? Most individuals who are residing in the city wish to lead their lives in the city for a longer duration. To allow individuals to lead their lives, the UAE government offers a Golden Visa which makes you eligible to enjoy long-term residency (typically for a period of 5 to 10 years).
There is a category that makes you eligible for the Golden Visa i.e. investing a minimum set amount in a real estate project in any part of UAE. To aid interested individuals, the property developer Danube came up with a pyramid-shaped structure known as Gemz which is located in Al Furjan. Investing in this property makes you eligible to apply for the Golden Visa from the “Investors” category. The best part is that this property comes with over 30 amenities making sure that your life is worth living here.
An overview of the Gemz by Danube
Similar to Bayz 102 by the Danube, Gemz is also a residential project that comes with 270 housing apartments. This is the 16th project that is being developed by the company and is becoming popular amongst investors because of its convertible layout.
This means buyers will be able to transform their 1-BR apartment into a 2-BHK apartment and a 2-BHK apartment into a 3-BHK apartment likewise. You’ll also be glad to know the fact that most apartments in this project come with an in-built swimming pool. This comes equipped with an anti-current machine and an aqua gym. Another highlighting aspect of this property is that it comes with a 1% monthly payment plan.
This is the reason why it is counted as one of the most affordable luxury projects in the city with a starting price of Dh555,000.
Project specifications you must know
- This a 14-storeyed project
- The buildup area is 530,000 sq ft
- The plot area is around 101,000 sq ft
- The project will be available for sale on May 2028
- Founded by the Danube Group
Let’s hear it from the founder & chairman
Rizwan Sajan is the founder and chairman of this group. He has recently revealed that the Danube Group is all prepared to start the procedure to offer long-term residency or Golden Visas to investors. This opportunity will be offered to those investors who fulfill the minimum eligibility criteria. The criteria for investors include Dh2 million, Dh5 million, and the Dh10 million ceilings.
He also said that he is able to witness the renewed confidence of foreign buyers in the real estate market of Dubai. This means investors from India and other countries of the world are more inclined towards owning a house in Dubai.
To boost his property sales, he along with his team came up with the idea to initiate processing the long-term Visa and residency offerings. After the launch of Gemz by Danube, their development portfolio now exceeds 8,272 units. Another reason why foreign investors should look forward to investing in this property is its key location. The project is closely located to some renowned educational institutions, shopping malls, and healthcare facilities.
Closing Views:
Investing in this project by Danube Group is one of the most important things that you can do today. Apart from promising you a long-term residency, there are several other reasons to invest in Gemz by Danube. First of all, the payment plan of the property is something that attracts a lot of buyers which means you need to pay only 10% of the booking amount and the rest of the amount can be paid at the price of 1% per month.