The UAE Golden Visa presents an excellent opportunity for real estate investors to secure long-term residency in the United Arab Emirates. To be eligible for this visa, you need to meet specific requirements related to property ownership and investment.
Purchase Agreement from an approved real estate developer: This agreement should provide essential information about the property, including the landlord’s details, property address, and purchase value.
Evidence of Property Worth: Ensure that the property’s value is not less than AED 2,000,000.
The 5-year renewable real estate investor visa offers retirees a comfortable lifestyle in Dubai, allowing them to reside alongside their spouses and children (provided the children are unmarried).
Applicants have four options for this type of visa:
The applicant must demonstrate a sustainable income of at least AED 180,000 per year or AED 15,000 per month.
Accumulate AED 1 million in savings within a 3-year fixed deposit.
Invest in a property, either through a mortgage or an unmortgaged amount, totalling AED 1 million.
Combine sustainable income, a 3-year fixed deposit, and property valued at AED 500,000 each.
Real estate investors can also apply for a 2-year residence visa in the UAE under the Taskeen Programme by the Dubai Land Department, provided they meet the conditions set for this type of visa.
The Taskeen Programme offers a two-year renewable residency visa for property investors. To qualify, you must:
Property Value: Purchase a property valued at AED 750,000 or more.
Exclusions: Note that off-plan and commercial properties are not included in this visa type. Family Sponsorship: The main applicant can sponsor their spouse and children under this visa.
Provide an electronic copy of the Title Deed certificate.
Submit a valid passport and a recent photo.
Mortgaged Properties: If the property is financed by a mortgage, 50% of the property value or an amount equivalent to AED 750,000 must be paid upfront.
Bank NOC: A No Objection Certificate (NOC) from the bank is required for the visa process.
Married Couples: Married couples can share a single property. They must submit an attested marriage certificate as proof.
When considering UAE visas, it is essential to recognise the significant benefits they offer. These include long-term residency, access to healthcare, educational opportunities, and potential business ventures.
It is crucial to note that the methods outlined here specifically apply to the Emirate of Dubai. Different requirements may apply in other Emirates within the UAE.
If you have any further inquiries or require additional assistance, please do not hesitate to contact the professionals at Imkura. They will be more than willing to assist you with your needs!
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