In recent years, the UAE government has opened up new opportunities for obtaining long-term residency visas. One such example is property investor visas that are granted in Dubai, and across other Emirates. It’s worth mentioning that over the years, the government has considerably relaxed the criteria for granting these visas. As an example, the authorities recently squashed an eligibility requirement of an AED 1 million minimum down payment for off-plan property investors applying for Golden Visa.

These visas have been a major draw for those seeking opportunities to acquire UAE residency through real estate investment in Dubai. Through this blog, we will discuss the different types of property investor visas in Dubai along with their durations, eligibility requirements, and the procedures required to secure them.

10-Year Golden Visa

The Golden Visa is one of the well-known visa programs for real estate investors in Dubai and is offered by the Dubai Land Department (DLD). The key eligibility requirement for securing this coveted visa is a minimum property investment of AED 2 million in Dubai. It is essential to know that those owning off-plan properties and mortgaged properties can also apply for this visa.

Eligibility Requirements
1. The property investment must be worth at least AED 2 million and must be located in the Emirate of Dubai.
2. The property must be retained for a period of at least 2 years.
3. In case of properties worth less than AED 4 million and jointly owned by a married couple, this visa can be granted to only one individual. Also, the spouse owning the higher amount of share will be considered the primary visa holder. If the property is equally owned then either one of the two individuals may apply. One must bear in mind that the spouse can be sponsored by the visa holder.
4. There should be at least 6 months of validity remaining on your passport.

Document Requirements
1. A title deed stating the property value (not less than AED 2 million). It is essential to note that title deeds issued by the DIFCA and by authorities outside the Emirate of Dubai will not be accepted. The name on the deed must match the name on the passport.
2. Copy of your passport
3. Digital photograph meeting the guidelines set by the Federal Authority for Identity Citizenship, Customs & Port Security
4. Health insurance policy
5. A national ID from your home country (may be applicable for citizens of certain countries like Iran, Afghanistan, etc.)
6. Copy of an old Emirates ID (if applicable)
7. NOC from the bank stating the paid and outstanding amount (applicable for bank-mortgaged properties)
8. Statement of account from the developer (applicable for developer-mortgaged properties)
9. Marriage certificate attested by MOFA and legally translated into Arabic (for jointly owned properties by couples)

2-Year Property Investor Visa

The 2-year investor visa is also issued by the Dubai Land Department (DLD) and is the ideal option for those not eligible for the 10-year Golden Visa. Unlike the Golden Visa which requires a minimum investment of AED 2 million, the 2-year visa can be obtained through a minimum investment of AED 750,000.

Eligibility Requirements

1. The property investment must be worth at least AED 750,000 and must be located in the Emirate of Dubai.
2. In the case of jointly owned properties by married couples, the spouse owning the higher share percentage of the property will be deemed as the primary visa holder if both don’t own equal shares. One must bear in mind that the spouse can be sponsored by the visa holder.
3. There should be at least 6 months of validity remaining on your passport.
4. The property must not be an off-plan or a commercial property in Dubai.
5. In the case of mortgaged properties, at least 50% of the total property value must be already paid.

Document Requirements

1. Copy of the title deed stating the property value (not less than AED 750,000). It is essential to note that title deeds issued by the DIFCA and by authorities outside the Emirate of Dubai will not be accepted.
2. Copy of your passport
3. Digital photograph meeting the guidelines set by the Federal Authority for Identity Citizenship, Customs & Port Security
4. Health insurance policy
5. A national ID from your home country (may be applicable for citizens of certain countries like Iran, Afghanistan, etc.)
6. Copy of an old Emirates ID (if applicable)
7. NOC from the bank/developer and property mortgage statement, stating the paid and outstanding amount (applicable for mortgaged properties)
8. Copy of the initial sale certificate (applicable for properties mortgaged by the developer)
9. Good Conduct Certificate issued by Dubai Police
10. Marriage certificate attested by MOFA and legally translated into Arabic (for jointly owned properties by couples)

InZone Properties is a real estate brokerage based in Dubai, and brings a distinguished portfolio of residential and commercial properties. Reach out to us today and realize your dream of owning a property in Dubai.