- Benefits of the Golden Visa
- Who is eligible to apply?
- When may an investor apply for the Golden Visa?
- What are the criteria for being eligible to apply for a Golden Visa through real estate investment?
- How can you apply for a Golden Visa as a real estate investor?
- What are the fees for issuing a Golden Visa to a real estate investor?
- FAQs
The UAE is a constantly rising destination for global investments due to its booming markets and strategic location. As a result, the UAE gives its investors the opportunity to get a long-term golden visa for real estate investment under its rules and regulations.
So, if you are an investor or want to invest in the city, the golden visa for real estate in the UAE is an excellent choice. This guide will teach you all you need to know about it, including how to apply, what the requirements are, and more.
Benefits of Golden Visa for Real Estate Investors
The UAE investor golden visa was introduced to allow expats and foreigners to invest in the UAE while still enjoying the benefits of residing there.
In addition, this long-term resident visa allows expats to live in the UAE without the requirement for a sponsor.
There are several benefits for investors to hold a golden visa, including:
- Receiving a 6-month entry visa.
- A valid visa for 5 to 10 years can be readily renewed.
- Staying outside the UAE for more than 6 months when their residency visa is still valid.
- Sponsoring family members of all ages.
To apply for a UAE Golden Visa, who is eligible?
The Dubai Golden Visa is a unique long-term residence program developed for a varied group of international talent. The Dubai Golden Visa is open to investors, entrepreneurs, scientists, top-performing students and graduates, and people who have been recognized as humanitarian pioneers or frontline heroes.
This visa allows people to live, work, or study in the UAE while also providing a number of special benefits. It demonstrates the UAE’s dedication to attracting and retaining top talent in a variety of sectors, therefore contributing to its vibrant, multicultural population.
When Do Investors Get to Apply for a Golden Visa to the UAE?
Obtaining an investors’ golden visa requires owning real estate in the UAE. Below is a detailed reference that covers UAE investor golden visa criteria, application processes, costs, commonly asked questions, and more.
What Are the Requirements to Apply for a UAE Golden Visa via Real Estate Investment?
You must meet the eligibility requirements to get a real estate investment visa in the UAE. You should satisfy the requirements 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.
- Buying a property using a loan from a local bank that has also been approved by an appropriate local organization.
If you meet those requirements, you will be received a 5-year Golden Visa, which can be renewed under the same terms.
Furthermore, conditions could change by emirate. For example, the Abu Dhabi Residents Office requires that the investment keep going for at least two years after the real estate investment visa has been issued.
For fully owned property.
- A registered Purchase Agreement with the DMT. This document includes information about the landlord, the property, the address, and the purchase price.
- A Real Estate Unit Value Certificate.
It is important to note that just one of the two documents listed above is required.
For Mortgaged Property.
- Real Estate Unit Value Certificate issued by the DMT or any other authorized real estate register in the UAE.
- DMT issued a search certificate. This certificate is necessary to indicate that the property has not been seized by any party.
For Off-Plan Property
- A Purchase Agreement from an approved real estate developer that provides information on the landlord, property, address, and purchase value
- Evidence proving the property’s value is not less than AED 2,000,000
Application online
- To start your application, go to the ICP smart services website.
- Go to the services list, and choose golden visa services.
- Fill out the application form.
- Submit the needed documentation.
- Pay the fees.
- Then, you’ll receive your application by email.
Customer Happiness Centers
- Visit your nearest center.
- Get a ticket to enter the queue.
- Submit the relevant documents that meet the requirements to the officer.
- Pay service costs as needed.
Typing Centers
- Visit the nearest typing center authorized by ICP.
- Submit the whole application and documentation.
- Pay fees as needed.
What Are the Fees for issuing a Golden Visa to Real Estate Investors?
The cost of acquiring a Dubai Golden Visa varies with the applicant’s present 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 costs are subject to change and may differ depending on individual circumstances and additional processing fees.
According to the ICP website, the cost breakdown of the fees 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: What Are Its Benefits?
There are many benefits to acquiring a real estate golden visa, including:
- Getting an easily renewable visa for 5 years
- The ability to leave the UAE for 6 months straight.
- There is no requirement for a sponsor.
- Issuing residence permits to family members
- Being able to sponsor domestic helpers
- If the primary golden visa holder dies, they will be able to stay in the UAE until their permit expires.
Can Real Estate Investors Obtain Permanent Visas?
It is important to note that the UAE golden visa grants all candidates long-term residency rather than permanent status. However, renewing the golden visa is simple, and the conditions remain the same.
What is the validity period of a Golden Visa for Real Estate Investors?
This type of visa is valid for up to 5 years and can be renewed if the prior criteria still apply.
Is the Residency Duration for Real Estate Investors Different from Outstanding Students?
No, the length does not vary at all. The only difference between the two is the requisite documentation.
What are the best areas to invest in real estate?
Dubai’s real estate industry is noted for its diversity and unique property types and pricing. Here are the top areas to invest in Dubai:
- Jumeirah Village
- Jumeirah Palm
- Mirdif
- Arabian Ranches
How much does real estate cost with Golden Visa?
The minimum property value necessary to get a Golden Visa via real estate investment is AED 2 million. Furthermore, this investment criteria was established to ensure that investors are eligible for the Golden Visa program.
Can I obtain a Golden Visa if I buy property in Dubai?
Yes, buying property in Dubai or elsewhere in the UAE for a minimum of AED 2 million (roughly $545,000) qualifies you for a 10-year Golden visa. In addition, this provides long-term residence options for real estate investors.
Finally, the golden visa for real estate investors provides numerous excellent prospects in the UAE. You will be investing your money while enjoying a high-end residency in such a famous country.
