HOW TO ACQUIRE GOLDEN VISA IN DUBAI AS A REAL ESTATE INVESTOR

Among the many perks that real estate investors enjoy in Dubai, the ‘Golden Visa’ is one of the most preferred benefits for international investors. Let’s discuss the branches of the ‘Golden Visa’ and how to secure it by investing in real estate in Dubai.

The Federal Authority for Identity, Citizenship, Customs and Ports Security extends this benefit to attract individuals who would be good assets to the Emirate. Dubai welcomes high-net-worth individuals, high achievers, top performers, and businesspeople—offering long-term residency visas to top-performing, value-adding individuals.

The program offers 5- to 10-year visas available for four main categories:

• Public Sector Investors

• Entrepreneurs

• Outstanding Specialised Talents

• Real Estate Investors

The eligibility for the visa differs for each type of investments in these 4 separate categories. Since Anarock Middle East offers luxury real estate solutions, this article will discuss securing the ‘Golden Visa’ in Dubai by buying property in Dubai.

Qualification

To qualify for this visa, a property investor must meet the following criteria:

• Owning Property Valued at AED 2 Million or More: The property can be a single unit or multiple units, provided the total value meets or exceeds AED 2 million.

• Ownership Status: The property should be fully paid and not under a mortgage. If it's mortgaged, you must provide a No Objection Certificate (NOC) from the bank or developer.

• Location: The property must be located in the UAE.

• Joint Ownership: If the property is jointly owned (ie: with a spouse), each owner’s share should be AED 2 million at least.
  

Documentation

• Passport Copy: Ensure your passport is valid for at least six months.

• Title Deed(s): Official document(s) proving property ownership.

• Property Valuation Certificate: If the property's value isn't clearly stated in the title deed, obtain an official valuation.

• No Objection Certificate (NOC): If the property is mortgaged, secure an NOC from the bank or developer.

• Proof of Residence: Provide a home ownership document or a rental contract in the UAE.

• Personal Photograph: A recent passport-sized photo meeting ICP specifications.

• Health Insurance: Valid health insurance covering the UAE.

Submission

• ICP Smart Services Portal: Visit ICP Smart Services to submit your application online.

• Dubai Land Department (DLD): If your property is in Dubai, you can apply via the DLD Golden Visa Application.
  

Pay Fees

• Application Fee: Varies according to authority.

• Medical Examination: Approximately AED700.

• Emirates ID Issuance: Approximately AED 1,153 for a 10 year EID.

• Residency Permit: Approximately AED 2,656.
  
  

Note: These fees may vary according to the services that are required. It is always important to check with the authorities and relevant government bodies about the required steps and their service fees before proceeding.

After the application process, the relevant authorities will process and return back to the approved applicants with the ‘Golden Visa’. Upon approval, the visa holder can immediately sponsor their spouse, children (regardless of age), and up to three domestic workers. To process the sponsorship relevant documents of those respective individuals should be presented to carry it out.

If you are intending to invest in Dubai real estate with the goal of securing a golden visa for you and your family, you should understand the required steps while paying attention to the pitfalls. Even if you aim to acquire a ‘Golden Visa’, your property investment should be done with precision to benefit you. Monitoring the industry trends, access to exclusive listings and relationships with top notch service providers offers our clients a peace of mind, knowing that they get the best deal in Dubai, including all the services they need—from purchasing the property to managing their investment. Let our conveyancing team handle your transaction and guide you in acquiring your ‘Golden Visa’ with us.

Share your plans with us to invest in a property to claim your long term visa for you and your family.