Residence Visas for Property Investors in Dubai7 min read
- 26.07.2023
- Posted by: Julian Koop
- Category: Company Setup
Key Information and updates about the Two-Year Property, the Five-Year Retirement, and the Ten-Year Golden Visa
Dubai has long been an attractive destination for global investors seeking to capitalize on its thriving real estate market. Dubai offers three distinct Residence Visas tailored to property investors to encourage foreign investment and strengthen ties with the international community. In this Newsletter article, we delve into the details of each visa option, including the conditions that must be met and the associated costs.
1. Two-Year Property Investor Visa
The Two-Year Property Investor Visa is designed for investors seeking short-term engagement in Dubai´s real estate market. To be eligible for this visa, investors must fulfill the following conditions:
Property Investment: Purchase a property in Dubai with a minimum value of at least AED 750.000 (approx. EUR 185.000). The property must be located in a designated freehold zone approved by the Dubai Land Department. To meet the threshold, the value of several properties can be combined.
Financial Proof: Provide evidence of sufficient financial means to support the investment and stay in Dubai during the visa period.
No Loan Financing: The property investment must be made without any loan financing.
Health Insurance: Obtain comprehensive health insurance coverage valid in the UAE.
No Loan Financing: The property investment must be made without any loan financing.
Renewable: The Two-Year Property Investor Visa is renewable, subject to the investor´s continued compliance with the visa requirements.
Family: Spouse, children, and parents may also benefit from the visa.
2. Five-Year Retirement Visa
Dubai´s Five-Year Retirement Visa is an appealing option for individuals looking to retire in this vibrant city. To qualify for this visa, applicants need to meet the following criteria:
Age Requirement: Be aged 55 years or above at time of application.
Property Investment: Purchase a property in Dubai with a minimum value of at least AED 1 million (approx. EUR 250.000). The property should be located in a designated freehold zone approved by the Dubai Land Department. The value of several properties can be combined.
Health Insurance: Obtain comprehensive health insurance coverage valid in the UAE.
Financial Proof: Provide evidence of a minimum monthly income or pension from a reliable source.
No Employment: Retirees holding this visa are not allowed to engage in any form of employment in the UAE.
Family: Spouse and children may benefit from the visa as well.
2. Ten-Year Golde Visa
The Ten-Year Golden Visa is Dubai´s most prestigious offering, granting investors and their families an extended residency period. To be eligible for this visa, investors must meet the following requirements:
Property Investment: Purchase a property in Dubai with a minimum value of at least AED 2 million (approx. EUR 500.000). The property should be in a designated freehold zone approved by the Dubai Land Department. The property does not need to be finished to get the visa. To meet the investment criteria, the applicant must have at least paid a minimum amount of AED 2 million to the project developer at the time of application (and entry into the Interim Property Register).
Long-Term Commitment: Investors must demonstrate their commitment to a long-term investment strategy in Dubai.
Health Insurance: Obtain comprehensive health insurance coverage valid in the UAE.
Renewable: The Ten-Year Golden Visa is renewable, provided the investor meets the visa requirements.
Family: Spouses with a co-ownership may apply for a separate golden visa if the co-ownership share is at least AED 2 million. If it’s less than the threshold, the spouse can apply for the golden visa by attributing the others’ share to him.
Costs and Fees
While the property investment requirements vary for each visa, it´s essential to consider additional costs such as property registration fees, agent commissions, and other administrative charges associated with the property purchase.
Dubai Residents Visas for Property Investors offer attractive opportunities for investors and retirees to call this vibrant city their second home. Whether you seek a short-term engagement or a long-term commitment, Dubai´s visionary visa policies cater to a diverse range of investment aspirations, each promising a rewarding and prosperous future.
Don’t miss out on the exciting opportunity to be a part of Dubai’s thriving community. Discover all visa options and learn how our expert team can seamlessly help you navigate your investment journey. Click here to explore and get started today.