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INVEST IN DUBAI: PROPERTY INVESTOR GOLDEN VISA

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dubai buildings

Dubai Property Investor Visa Program

Ailan Lapuz
Ailan Lapuz

Operations Manager

As of 28 February 2023

The world-class infrastructure, secure regulations, and stable economy make property ownership in Dubai, UAE one of the most lucrative investments in the world.

To further attract foreign investment and take advantage of the booming economy, the government has introduced the Property Investor Visa Program which grants investors long-term residency when they purchase a property in Dubai with a minimum value of AED 750,000.

WHY INVEST IN DUBAI PROPERTY: 

  • State-of-the-Art Infrastructure 
  • Growing Population 
  • Tax-Free Income
  • High Rental Yield
  • Safety and Security
  • Booming Tourism
  • Strategic Location
  • Innovative City
  • Thriving Economy
  • High Standard of Living
  • Investor Friendly Policies
  • Strong Regulatory Framework

Invest in your future with EZONE.

Let us make your Property Investor Visa process stress-free. We can also assist you with your administration and application process, including your Medical & Emirates ID, plus, visas for your dependents which can be processed after their principal obtains his/her own Emirates ID card. 

To understand the Property Investor Visa Program, the relevant information is shared below: 

Kinds of Property Visas
2 Year Property Visa
10 Year Property Visa

Description
Allows the investor to stay in the country for 2 years with a minimum property investment of AED 750,000.
Allows the investor to stay in the country for 10 years with a minimum property investment of AED 2 million.

Duration

2 Years

10 Years

Investment

The property value should not be less than AED 750,000. If the property is under a mortgage, then NOC from the bank is required and it must show the total paid amount and the remaining amount.

If the property is ready and not under construction, a financial statement with proof of payment of 50% of the total property value, equivalent to AED 750,000 is needed.
The property value should not be less than AED 2 million. Multiple properties will be accepted under the applicant’s name. If the property under a mortgage, 50% of the property value or at least 2 million of property value must be paid to the bank. No Objection Certificate (NOC) letter in Arabic and a bank's current mortgage statement must be presented.

Off Plan Properties

Not applicable; property must be ready.

For mortgaged properties, the developer must issue a statement of accounts and subject to immigration’s approval

Authority
Dubai Land Department (DLD) Real Estate Regulatory Agency (RERA)
Dubai Land Department (DLD) Real Estate Regulatory Agency (RERA)

Benefits

  • Obtain 2-year UAE residency, Receive Emirates ID, Live and work in the UAE without a local sponsor for Golden Visa Holders
  • Apply for UAE driving license
  • Sponsor immediate family members
  • Obtain 10-year UAE residency, receive Emirates ID, live and work in the UAE without a local sponsor
  • Apply for UAE driving license
  • Not required to be in the country within 6 months, if you extend your stay abroad
  • Sponsor up to 3 housemaids and drivers
  • Sponsor your family for 10 years
  • Sponsor your children until 30 years of age
  • Sponsor parents for 10 years

TERMS AND CONDITIONS

Property Value
  • The property value must be based on the purchase price, not the current market value.
  • If the property is under a mortgage, a NOC letter and statement of account from the bank or real estate developer(s) showing the paid amount and balance due must be presented.
  • If the property is off-plan, 50% of the property must be completed as per the Dubai Land Department (DLD).
Qualifications
  • The investor still qualifies for a property visa if he or she decides to take multiple properties with a total investment of AED 750,000 for a 2-year property visa and AED 2 million or more for a 10-year property visa. 
  • An attested marriage certificate must be presented when the husband and wife want to obtain one property.
  • A copy of the initial sale certificate is needed if the property is mortgaged by the developer.
Restrictions
  • Dubai Land Department (DLD) will issue a restriction on the property to avoid disposal/sale of the property while the visa is valid.
  • Dubai Land Department (DLD) will cancel the visa in case of a property sale unless it is replaced by a substitute property.
  • Once the application is filed, the applicant cannot travel outside the UAE.
Requirements
  • Title deed of the property
  • Original passport of the applicant
  • Current visa copy/residency copy/UAE entry stamp
  • Current Emirates ID (if applicable)
  • Passport-size photos with matching ID specifications
  • Health insurance (UAE based)
  • A copy of the national identity (applicable for these countries):
    • Iran 
    • Pakistan 
    • Iraq 
    • Libya 
    • Afghanistan
  • Certificate of good conduct and behavior issued by Dubai Police addressed to the Dubai Land Department (DLD) (applicable for 2 year property visa application only) .
  • Physical presence of the applicant at the time of application

 

Invest in Dubai and enjoy great tax incentives, get your Dubai Property Investor Visa with EZONE! 

Get started on a smooth transition. Call us at 800-EZONEUAE or email us at setup@e.zone – don’t wait, seize this golden opportunity today!