Elegance Tower Golden Visa

Only the 2 bedroom apartments. They start at AED 2.34M ≈ USD 637K, above the AED 2M ≈ USD 545K minimum property investment applied under the UAE Golden Visa program, while the 1 bedroom apartments start at AED 1.79M ≈ USD 487K and sit below it. Eligibility is assessed on the registered purchase value of the specific unit under the regulations in force at the time of application, and the full criteria are set out in the Golden Visa requirements guide.

Not at current starting prices. The 1 bedroom apartments at Elegance Tower start at AED 1.79M ≈ USD 487K, below the AED 2M ≈ USD 545K property threshold, so a 1 bedroom purchase at that price does not meet the minimum value of the property route. The tier at Elegance Tower that clears the threshold on its own is the 2 bedroom apartment, from AED 2.34M ≈ USD 637K.

Elegance Tower was recorded as Completed at 100% in the RERA inspection of 16 September 2026, with the Building Completion Certificate received on 28 July 2026. On a completed building the application typically rests on a title deed issued by the Dubai Land Department, once the apartment is handed over and registered to its owner or transferred to a buyer on resale. The tower is freehold and open to all nationalities, and its inspection record is tracked on the Elegance Tower construction updates page.

Owners holding an Oqood-registered contract on a qualifying unit could apply before handover once the commonly applied paid-value conditions were met, and those conditions are updated from time to time. The scheduled handover was Q1 2026 and the building is now recorded as Completed, so for most owners the simplest file rests on the title deed for their own apartment, and the handover date for each unit is confirmed by DAMAC. The route for contracts still registered as Oqood is explained in the off-plan Golden Visa guide.

A mortgage does not by itself rule a qualifying apartment out. Mortgaged property is commonly accepted when the loan comes from a UAE bank that issues a no-objection letter, with any conditions on the owner's paid share applied under the regulations in force at the time of application. Because Elegance Tower is a completed building, its 2 bedroom apartments from AED 2.34M ≈ USD 637K can be financed with standard mortgage products, subject to each lender's criteria.

Joint ownership is commonly assessed on each owner's share, which must reach AED 2M ≈ USD 545K for that owner to qualify, while ownership shared between spouses is handled under its own conditions in force at the time of application. At Elegance Tower, a 2 bedroom apartment bought at AED 2.34M ≈ USD 637K and split equally between two unrelated owners leaves each share at about AED 1.17M ≈ USD 319K, below the threshold.

The property Golden Visa commonly allows the holder to sponsor a spouse and children, with age limits and any further family categories set by the residency authorities at the time of application. The apartment only has to meet the threshold once, so at Elegance Tower a single 2 bedroom unit from AED 2.34M ≈ USD 637K covers the main applicant and eligible dependants. What sponsorship includes is detailed in the Golden Visa benefits guide.

The program's current term is 10 years, renewable. Renewal commonly depends on still owning a qualifying property valued at or above AED 2M ≈ USD 545K, so selling the Elegance Tower apartment, or restructuring its ownership so that no single share reaches the threshold, would affect the next renewal under the regulations then in force.

No. For buyers who purchase an Elegance Tower apartment through this advisory, the VIP application service, covering document preparation, submission, and status follow-up, is included at no charge. Only the official government fees apply, as published by the issuing authorities at the time of application.

It does not guarantee approval: a qualifying 2 bedroom purchase makes you eligible to apply, and the decision depends on meeting every requirement in force at the time of application, including ownership verification and standard background checks. The visa is a residency permit, not citizenship or a UAE passport, and it leaves the owner's obligations on the apartment, such as service charges, unchanged.