Start Here: Dubai, a lively and modern city, offers different ways to get residency. One simple way is by investing in its property market. This article will look into the Dubai Property Investor Visa, its types, rules, how to apply, and what benefits it offers.
Getting Residency with a Dubai Property Investor Visa
Dubai gives a great chance for people worldwide who invest in real estate – the chance to live there long-term. The city offers several types of property investor visas, each with its own rules and benefits.
- Six-Month Multiple-Entry Visa: This short-term solution is good for investors who are still finalizing their long-term living plans. Managed by the Federal Authority for Identity and Citizenship (ICA), this service allows for a six-month stay in the country, which can be extended for another six months.
- Two-Year Residency Visa: This visa is for people who have bought property valued at AED 750,000 (around USD 204,500) or more. Some specific rules and conditions apply.
- Five-Year Long-Term Residency (Retirement) Visa: This option is for retired people aged 55 and above who own property in Dubai valued at AED 1 million (USD 272,500) or more, or those who have the same amount of financial savings in a bank or a monthly income of AED 15,000. Some specific rules and conditions apply.
- Ten-Year Long-Term (Golden) Residency Visa: This top-level visa is for investors whose property’s value is AED 2 million (USD 545,000) or more. Specific rules and conditions apply.
What Are the Rules?
To get a Dubai Property Investor Visa, it’s important to understand the rules:
- The visa covers both houses and commercial properties;
- Only properties that are fully paid and ready to live in are allowed;
- The property should not be given as a gift;
- Applicants need to own properties worth at least AED 750,000 for the 2-year visa or AED 2 million for the 10-year visa;
- Married couples can share one property, but they need a valid marriage certificate;
- For properties bought with a loan, certain payment amounts are needed based on the type of visa;
- The visa does not allow you to work in the UAE.
How Much It Costs, What You Need, and Keeping It Active
You’ll need to pay around AED 10,000 for the investor visa, with extra costs for extending it and including family members. To keep your residence active, you must visit the UAE at least once a year.
You need to have these documents:
- Electronic copy of the Title Deed Certificate
- Passport
- Copy of your latest UAE visa (if applicable)
- Valid health insurance
- Personal photo (size 6×4)
- Police clearance (from Dubai Police, addressed to Land Department)
What Benefits Does It Give?
With the investor visa, you can:
- Get the Emirates Identification Card (Emirates ID)
- Apply for a UAE driving license
- Open a personal bank account in the UAE
- Apply for a Tax Residency Certificate (some rules apply)
- Include extra family members or dependents for UAE residency
In short, the Dubai Property Investor Visa is a great way for investors to live long-term in one of the world’s most exciting cities while enjoying the benefits of a strong property market.
