People across the globe have the impression that Dubai is just about luxury shopping and towering skyscrapers. However, they need to think again. Dubai has officially upped its game, and now, it’s not just a playground for the rich- it’s becoming their permanent address.
Thanks to Dubai’s Golden Visa, like many countries, India’s crème de la crème too are packing their bags and setting their sights on the UAE. And why wouldn’t they? With all the perks this visa offers, Dubai isn’t just a pit stop; it’s the ultimate destination for those who’ve got the cash and are ready to make a move. Indian cinema legend Rajinikanth, known for his larger-than-life roles and unmatched charisma too was recently honored with Dubai’s prestigious Golden Visa, awarded by the UAE’s Department of Culture and Tourism.
This recognition places Rajinikanth among a select group of global icons who have received the long-term residency visa, further solidifying his international influence and connection to the UAE. A post shared by Yuvaa Media (@yuvaa.group) Vivek Oberoi, while best known for his captivating performances in Hindi cinema, has also made waves in Telugu, Malayalam, Kannada, and Tamil films.
But the silver screen isn’t the only place he shines—Vivek is also a savvy businessman. In Dubai, he’s making bold moves in the real estate sector, with eight major projects currently transforming the skyline. And that's not all—he’s setting the stage to dazzle even more with plans to open five showrooms dedicated to Lab Grown Diamonds, adding a touch of brilliance to his business portfolio.
Then there’s Shah Rukh Khan, the King of Bollywood who reigns supreme not just in films but also in the world of business. Alongside his wife, Gauri Khan, SRK has made a splash in Dubai’s real estate and housing market. Their colossal project, backed by a staggering $66 billion investment, is currently underway, blending luxury with innovation and proving that their influence extends far beyond the cinema screen.
So, what’s behind this golden ticket that’s got India’s wealthy elite saying goodbye to their Indian home and businesses and hello to the UAE? Let’s break it down. Also Read: A Touch of Genius: Meet the Dubai artist who is redefining art with fingerprints Dubai’s growing appeal Dubai has transformed from a desert city into a global hub for business, innovation, and an exceptional quality of life. According to a report by Henley & Partners , the UAE is the top choice for the ultra-wealthy, surpassing cities like New York, Miami, and Paris.
The report estimates that around 4,300 millionaires are expected to leave India in 2024, with many choosing Dubai as their new residence. Manoj Dharmani , CEO of DUDigital Global, highlights Dubai's appeal: “Dubai offers a high standard of living, world-class infrastructure, and a diverse range of leisure and entertainment options.” Safety is another significant draw, with the city known for its low crime rates and political stability, making it an ideal environment for wealthy families.
The golden visa advantage Introduced in 2019, the UAE’s Golden Visa has become a key attraction for those looking to relocate. This long-term residency program is designed to retain global talent and investors, offering numerous benefits that make it more appealing than similar programs in other countries. A post shared by Chandni Malhotra (@dubaifactology) The Golden Visa provides a 5 to 10-year residency permit, renewable without the need for a local sponsor.
Visa holders enjoy the freedom to travel in and out of the UAE with minimal restrictions and can sponsor their immediate family members. Additionally, the visa allows for 100% business ownership and the ability to sponsor an unlimited number of domestic workers. Also Read: Dubai's first driverless trucks complete initial trials in milestone for UAE innovation Eligibility and popularity The Golden Visa is not just for the ultra-wealthy; it’s designed to attract a broad range of professionals, including doctors, scientists, creative professionals, investors, and entrepreneurs.
For instance, doctors must obtain approval from the Ministry of Health, while investors are required to deposit AED 2 million or pay AED 250,000 in taxes. A post shared by Dubai Black Community Hub & Business Directory (@blackgirlindubai) The program’s popularity is evident in the numbers. In 2023, Dubai issued 158,000 Golden Visas, more than doubling the 79,617 issued in 2022 and more than tripling the 47,150 issued in 2021.
Cultural and economic impact According to Business Standard , Dubai’s large Indian community, coupled with its booming startup ecosystem, makes it a particularly attractive destination for Indian entrepreneurs. Currently, over 30% of Dubai’s startup community comprises Indian nationals, and the city’s supportive business environment continues to draw more talent. The cultural ties between India and the UAE further enhance Dubai’s appeal.
The presence of a significant Indian expatriate community, estimated at over 3.5 million, provides a sense of familiarity and comfort for new arrivals, easing their transition into life in Dubai. A post shared by REAL ESTATE DUBAI (@realestate_dubai_dg) With its tax advantages, long-term residency options, and robust investment opportunities, Dubai’s Golden Visa is set to continue attracting India’s wealthy elite, solidifying the city’s status as a global destination for prosperity and growth.
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