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Investor visa for real estate in Dubai and the UAE: conditions of issuance and features
Only foreigners who have one of the visas allowing temporary residence in the country can obtain a resident visa for real estate in Dubai (UAE).
A UAE residence visa through the purchase of real estate is issued if the following conditions are met:
- the purchased real estate is intended exclusively for housing (since 2019, the purchase of luxury office real estate is also allowed). To obtain a residence permit in Dubai, you need to buy housing only in Free Hold areas in the territory of new Dubai;
- the minimum cost is 1 million dirhams (AED) per person or family, if there is an officially registered marriage. At the same time, a visa for UAE real estate investors is issued even when purchasing a home on credit, subject to payment of 50% of its cost;
- the property has been put into operation and registered as the property of the investor;
- the size of the housing corresponds to the number of family members of the investor.
Main features of a resident visa issued when purchasing a house:
- the possibility of obtaining a residence permit for family members of the investor;
- the need for permanent residence in the country – staying outside the UAE for more than 180 consecutive days may lead to visa cancellation;
- a ban on employment in the UAE for the visa holder.
How can I get a residence permit in Dubai and other emirates of the UAE
An analog of a residence permit in the United Arab Emirates is a resident visa. When purchasing real estate from 1 million AED to 5 million AED, a resident visa is issued for a period of 2 years.
To receive it for investing in real estate in the UAE, in Dubai or any other emirate, you must:
- purchase a house, apartment, or luxury office property in Dubai, costing at least 1 million AED;
- register the property in your name by obtaining a certificate of ownership;
- collect a package of documents and submit it along with an application for a resident visa to the Land Department of Dubai (or another emirate).
- pay the necessary fees – to obtain a resident visa in Dubai through real estate, the investor must pay 13,000 AED, and the cost of a resident visa is 6,000 AED for each dependent;
- in addition, a UAE resident visa for the purchase of real estate is issued only to an investor who has confirmed the presence of a monthly income received in the Emirates or abroad in the amount of at least 10,000 AED ($2,720).
Obtaining a golden visa in the UAE when purchasing real estate from AED 5 million. This resident visa is issued for a period of 5 years. To receive it for investing in real estate in the UAE, in Dubai or any other emirate, you must:
- purchase a house, apartment, or luxury office property in Dubai, costing at least 5 million AED;
- register the property in your name by obtaining a certificate of ownership;
- collect a package of documents and submit it along with an application for a resident visa to the Land Department of Dubai (or another emirate).
- pay the necessary fees – to obtain a resident visa in Dubai through real estate, the investor must pay 2214.25 AED, and the cost of a resident visa is 6000 AED for each dependent.
Applying for a UAE resident visa requires knowledge of the legislation of this country and all the intricacies of the procedure for preparing and submitting documents. By turning to Dynasty Business Adviser for help, you will save yourself from unnecessary hassle, time, and effort, and save money on expenses associated with unforeseen circumstances and the need for a long stay in the UAE for visits to authorities. Call us – we will help you get a resident visa for real estate in Dubai at the optimal time!