Things You Should Know about Dubai Residence Visa for Property Owners
More and more people choose relocation for permanent residence in the UAE (typically, Dubai), many of them are attracted by the possibility to purchase real estate property and to obtain citizenship (or residence visa) by investment. In order for a foreigner to live and work freely in the country, this person needs an investor visa in Dubai, which can be obtained by the purchase of real estate property in the country – one of the options for getting this type of visa.
Buying a property in the Dubai provides foreigners with some advantages, including the opportunity to live and travel in one of the richest and safest countries in the world, make a profit from their real estate property, and the right to work legally in Dubai by getting a residence visa. A residence visa (Dubai property visa) gives the foreigners the right to stay in the country; this visa must be renewed every two years for property purchased in Dubai.
How can property owners get an investor property visa (residence visa) in Dubai?
Before you make a decision about buying a property in order to get a visa for property owners (residence visa) in Dubai, you should consider some of the features of this document:
| Feature | Description |
| Cost limit | In order for a foreign investor to qualify for a property visa (residence visa) in Ajman, Dubai, Abu Dhabi, or in another Emirate, the cost of an apartment (house) must be at least 1 million dirhams per person, or per family (and minor children). That is if a husband, a wife, and their children buy the apartment, its cost should exceed 1 million dirhams, and if two brothers buy a house, its cost housing should exceed 2 million dirhams. |
| Age limit | There are some restrictions on the age of the buyer to obtain the investor visa in Dubai for property owners (residence visa) – a person must be younger than 60 years. If the age of the investor exceeds this mark, additional coordination from local authorities is required so that an older person can get this document as well. |
| Facility requirements | To qualify for an investor visa, the property must be fully completed, that is, if you buy an apartment in a building that is still under construction, you will have to wait for completion in order to receive a property investor property visa in Dubai, the UAE. |
Property visa in Dubai is a document issued for two years, and at the end of this period, it is necessary to extend the renewal.
Criteria for obtaining an investor property visa and necessary documents
The property must be in full ownership of the investor; this person is required to have a certificate confirming the right to own the property. Also, an object must be prepared for immediate residence, and its size should be sufficient for all members of the investor’s family (if this item is relevant). If several investors are property owners and they are not family members, the total cost should be calculated as follows – 1 million dirhams per each person. If investors are married, they must provide a legalized copy of a marriage certificate. Checking for compliance with all investment requirements for obtaining a residence permit is made at the Dubai Land Committee (DLD), the relevant immigration authority provides a residence visa for property owners. Also, the investor’s minimum monthly income should be at least 10,000 dirhams or an equivalent amount in foreign currency. The source of income of the investor can be located both in Dubai, the UAE and abroad.
The standard list of documents required for obtaining a type of investor property visa includes*:
- copies of passports and valid visas,
- passport size photos,
- police certificates stating no criminal record,
- documents of property ownership,
- legalized marriage certificates,
- proof of health insurance for applicants and their children
- document from the Office of Energy and Water Dubai.
* The Dubai Land Committee or the relevant immigration authority may request additional documents if necessary.
Although all bureaucratic procedures in Dubai, including the process for obtaining a residence visa, are extremely simplified here (it is easier and faster to issue such a visa in Dubai than a Portugal golden visa or EB-5 visa in the USA) in order to attract foreign investors, there are still certain features which have to be taken into account, and in order not to get into a potentially problematic situation and not delay the process of obtaining a residence visa in Dubai, we recommend you to use the services of professional business consultants in Dubai.
If you entrust the solution of issues of registration of a visa to our company, you save yourself from these problems. During the process of obtaining a residence visa in Dubai, the UAE, personal attendance is required only once – to sign the necessary documents. You are guaranteed to get the desired result in the stipulated time and for little money.
