Resident visa for real estate in Dubai

To live in the UAE or stay here for a longer period than a long-term visa allows (30-90 days), you need to obtain a residence permit in Dubai or another emirate of the UAE. The main document granting the right to reside for an unlimited time in any of the 7 emirates of the country is a resident visa. If you are not going to work here or open a company, buying real estate in the UAE in the amount of 1 million dirham (272 thousand USD) is the best solution. At the same time, a resident visa for real estate in Dubai is issued for 2 years with the right of extension, while the purchase of similar housing in other emirates is only for 6 months.

Investor visa for real estate in Dubai and the UAE: conditions of issue 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).

Conditions for obtaining a visa

A UAE resident visa through the purchase of real estate is issued if the following conditions are met:

  • the acquired real estate is intended exclusively for residential use (from 2019, the purchase of elite office real estate is also allowed). To obtain a residence permit in Dubai, you need to buy housing only in the Free Hold areas of the new Dubai;
  • the minimal cost is 1 million dirham (AED) per person or family, in the presence of an officially registered marriage. At the same time, a visa for investors in UAE real estate is issued even when buying a home on credit, subject to 50% of its value;
  • the real estate object was put into operation and registered in the ownership of the investor;
  • housing size corresponds to the number of family members of the investor;
  • the buyer's age is not older than 60 years, otherwise a special permit will be required to obtain a resident visa.

Features of an investor visa for real estate in the UAE

The main features of a residence visa issued when purchasing a home:

  • 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 days in a row may lead to the cancellation of the visa;
  • 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 analogue of a residence permit in the United Arab Emirates is a resident visa. When buying real estate from 1 million AED to 5 million AED, the resident visa is issued for a period of 2 years.

To get it for investing in real estate in the UAE, in Dubai or any other emirate, you must:

  1. purchase a house, apartment or luxury office property in Dubai, for a price of at least 1 million AED;
  2. register real estate in your name by receiving a certificate of ownership;
  3. 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);
  4. pay the required fees - in order 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;
  5. in addition, a UAE resident visa for the real estate purchase is issued only to an investor who has confirmed the presence of a monthly income received in the Emirates or beyond, in the amount of at least 10,000 AED ($ 2,720)

Obtaining a golden visa in the UAE when buying real estate from 5 million AED. Such a resident visa is issued for a period of 5 years.

To get it for investments in real estate in the UAE, in Dubai or any other emirate, you need:

  1. purchase a house, apartment or luxury office property in Dubai, for a price of at least 5 million AED;
  2. register real estate in your name by receiving a certificate of ownership;
  3. 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);
  4. pay the necessary fees - in order 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.

Obtaining 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 getting help from Dynasty Business Adviser you will save yourself from unnecessary trouble, save time, effort and money on expenses associated with unforeseen circumstances and the need for a long stay in the UAE for visits to the authorities. Call us and we will help you get a resident visa for real estate in Dubai in an optimal time!