The UAE, particularly Dubai, has become a global hub for investment and business. For those seeking a stable and prosperous environment, securing long-term residency is a significant advantage. The UAE government offers a compelling pathway to residency through real estate investment: the 10-Year Investor Visa, also known as the Golden Visa. This article focuses on how to leverage UAE property investments to obtain this valuable residency permit.
Real Estate Investment: Your Gateway to the Golden Visa
The cornerstone of qualifying for the 10-Year Investor Visa is a substantial real estate investment within the UAE. Specifically, investing in a property or portfolio of properties in Dubai worth at least AED 2 million opens the door to this long-term residency.
Key Investment Requirements:
- Minimum Investment: A total property investment of AED 2 million is required. Alternatively, an applicant can qualify by paying 24% of the 2 million AED, which is AED 480,000. Multiple properties under the applicant’s name are acceptable.
- Mortgaged Properties: If the property is purchased through a developer or bank mortgage, a statement of account from the developer or a No Objection Certificate (NOC) from the bank is required.
- Joint Ownership:
- Husband and wife can jointly own a property to meet the investment threshold, provided they present a legally attested and translated marriage certificate.
- If the joint property value is less than AED 4 million, only one spouse can be the primary applicant, who can then sponsor the other. Equal ownership shares are crucial. If shares are unequal, the majority shareholder will apply.
- Market Value: Title deed holders can apply if the property’s market value, confirmed by an official evaluation certificate, exceeds AED 2 million.
- Title Deed Alignment: The name on the title deed must precisely match the passport details.
- Location: Only properties in Dubai are currently accepted for this specific investment visa. Properties in other Emirates, or in DIFC, are not eligible.
Benefits of the 10-Year Investor Visa Through Real Estate:
- Extended Residency: Enjoy a decade of residency in the UAE, providing stability and security.
- Flexible Stay: Unlike standard visas, the 10-Year Investor Visa allows for extended periods outside the UAE without jeopardizing your residency status.
- Family Sponsorship: Secure your family’s future in the UAE by sponsoring your spouse, children (including unmarried sons and daughters of any age), and parents for the entire 10-year duration of your visa. This allows your loved ones to enjoy the same benefits and opportunities that you do, creating a stable and cohesive family life within the UAE.
- Domestic Staff Sponsorship: Sponsor up to three domestic staff members, including housemaids and drivers.
- Safety and Security: Benefit from Dubai’s low crime rate and secure environment.
Required Documentation:
- Official Land Department Title Deed, demonstrating a property valuation of at least AED 2 million.
- Valid Passport copy (with at least six months of validity).
- Previous Emirates ID (if applicable).
- High-quality digital photograph adhering to ICP specifications.
- National ID (for applicants from specific countries: Iran, Pakistan, Iraq, Libya, Afghanistan).
- Valid UAE Health Insurance (DHA basic or comprehensive).
Navigating the Application Process:
It’s crucial to ensure all documentation is accurate and compliant with UAE government regulations. Consider seeking assistance from experienced real estate professionals or visa specialists to streamline the application process.
Feel free to get in touch with us here for guidance on how to get started.
Conclusion:
Investing in UAE real estate, particularly in Dubai, provides a clear and attractive path to obtaining the 10-Year Investor Visa. This long-term residency option offers significant benefits, including stability, flexibility, and the ability to sponsor family members. By strategically investing in property, you can secure your future in one of the world’s most dynamic and prosperous regions.
