India, July 7 -- Indians now have a way to obtain the United Arab Emirates' Golden Visa without investing crores in property or trade. Through the nomination-based route, Indians can now enjoy the UAE's Golden Visa for life by paying a fee of AED 1,00,000 (INR around 23.30 lakh). This is in contrast to the earlier policy which required Indians to invest at least AED 2 million ( Rs.4.66 crore) in property, or invest a large amount in business in the country to get a Golden Visa.

Over 5,000 Indians will apply for this nomination-based visa in three months, beneficiaries and people involved in the process have told PTI.

The reduced cost has been cause for celebrations among Indians who are keen to obtain a Golden Visa for UAE. Among the ce...