Cala Del Mar
AED 1,400,000
Mira Villas
AED 20,700,000
UAE's expanding markets and strategic location make it a continually growing destination for investors worldwide. As a result, the UAE offers its investors the opportunity to obtain a long-term golden visa for real estate investment under its laws and regulations.
So, if you are an investor or intend to invest in the city, the golden visa for real estate in the UAE is an excellent choice. In this article, we will discuss all about it, how to apply, the requirements, and more.
The UAE investor golden visa was introduced to enable foreign nationals and expatriates to invest in the country and take advantage of all the perks of residency. It is also one of the various forms of investment visas in Dubai.
In addition, this long-term resident visa permits expats to live in the UAE without the need for a sponsor.
There are numerous benefits for investors to have a golden visa, including:
Getting a six-month entrance visa.
A valid visa for five to ten years can be easily renewed.
Staying outside the UAE for more than six months when their residence visa is still valid.
Sponsoring family members of all ages.
Eligibility for the Golden Visa in the UAE is diverse. It encompasses real estate investors, entrepreneurs, scientists, qualified professionals, and individuals with exceptional talents.
For real estate investors, eligibility is tied to specific investment criteria, primarily the acquisition of qualifying properties meeting the stipulated minimum value. The inclusive nature of the program aligns with the UAE's vision of becoming a global hub for talent and investment.
The application process for the Golden Visa in the UAE is open year-round, allowing investors to apply at their convenience. This flexibility enables strategic planning aligned with individual investment goals and personal circumstances. Investors can initiate the application process once they fulfill the necessary investment requirements, ensuring a seamless transition toward securing long-term residency.
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You must meet the eligibility criteria to obtain a real estate investment visa in the UAE. You should meet the conditions listed below.
Obtaining a letter from the Dubai Land Department (DLD) confirming that you own one or more properties valued at AED 2 million or higher.
Having purchased a property using a loan from a local bank that has also been approved by the appropriate local entity.
If you meet the previous standards, you will be awarded a 5-year Golden Visa, which can be renewed under the same terms.
Furthermore, conditions may differ by emirate. For example, the Abu Dhabi Residents Office mandates keeping the investment for at least two years after issuing the real estate investment visa.
Applying for a Golden Visa as a real estate investor involves a systematic approach, emphasizing the importance of thorough documentation and compliance. Following are the steps that outline the application process:
Property Investment: Commence by investing in qualifying real estate within the UAE, meeting the minimum value requirements specified by the relevant emirate.
Documentation: Gather all necessary documents, including proof of property ownership, a valid passport, passport-sized photographs, and any additional documents stipulated by immigration authorities.
Application Submission: Submit the Golden Visa application through the designated online portal or the relevant government entity. Accuracy and completeness of information are important.
Background Check: Undergo a comprehensive background check to verify a clean criminal record and compliance with UAE legal and ethical standards.
Application Review: Immigration authorities will review the application, assessing eligibility based on the provided documents and adherence to investment criteria.
Biometric Data: Attend a biometric data collection appointment if required as part of the application process.
Visa Issuance: Upon successful review, the Golden Visa will be issued, granting long-term residency in the UAE.
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The cost of getting a Dubai Golden Visa varies with the applicant's current location. The visa price for UAE residents is between AED 2,800 and AED 3,800. Meanwhile, individuals applying from outside the UAE face somewhat higher costs, ranging from AED 3,800 to AED 4,800.
It is crucial to note that these prices are subject to change and may differ depending on individual circumstances and additional processing fees.
According to the ICP website, the fee cost breakdown is as follows:
Residency fees: AED 2,280
ID fees: AED 575
E-services fees: AED 28
ICP fees: AED 22
Smart services fees: AED 100
The Golden Visa for real estate investors in the UAE stands as a gateway to unparalleled opportunities. It offers a secure and prosperous future in one of the world's most dynamic and cosmopolitan regions.
As the UAE continues to evolve as a global business and lifestyle hub, the Golden Visa program exemplifies its commitment to attracting international talent and investments.
By understanding the eligibility criteria, application process, and associated fees, real estate investors can navigate the path to obtaining the Golden Visa with confidence and securing a stake in the promising future of the UAE.