One of the most famous countries in the Middle East, the United Arab Emirates, has taken unprecedented steps to ensure all expats will have a more effortless and straightforward process to become a resident of the country. The UAE government is resolute in facilitating the stay of long-term residents in the UAE in every possible way to sustain thousands of expats living, working, and studying in the country.
In 2018, the UAE cabinet announced the UAE Golden Visa Residency Programme under the guidance of His Highness Sheikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. The UAE Golden Visa residency programme enables expats to live, work, and study in the UAE without a national sponsor and with 100 percent ownership of their business on the UAE's mainland. It has helped the country attract and retain top talent across numerous sectors.
Through the UAE government’s October 3rd update, individuals can now apply for the 10-year Golden Visa through property investment.
As part of the country's plan to attract investments and provide more benefits for long-term residents, individuals have the option to obtain a 10-year residency in the UAE by purchasing one or more properties worth no less than 2 Million AED.
Most importantly, the UAE government has also lowered the amount of property investment required to obtain the Golden Visa.
Through these channels, you can apply for a UAE Golden Visa through property investment:
Real Estate developers:
For property purchases worth AED 2 million or more, UAE real estate developers are offering properties with Golden Visa opportunities.
At Property Legacy, we are a one-stop destination for prime real estate listings across the UAE and beyond. We offer seamless access to sought-after properties in the world's most desirable locations. From private home buyers and investors to institutional clients and organizations, we deliver property-centric solutions that are outstanding in value and extraordinary in calibre.
Dubai Land Department
Property Investors can apply for a long-term residence visa through the Dubai Land Department (DLD) in a few straightforward steps:
First: Visit any Dubai Land Department Service Centers.
Second step: Submit all required documents and pay fees.
Thirds step: A medical examination is mandatory and is conducted in the Service Center.
Fourth step: Your passport is now ready for visa stamping.
Documents Required:
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The applicant's passport
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Availability of an electronic or soft copy of the title deed certificate
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A valid health insurance
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Personal passport-sized photograph
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Original Emirates ID
Pre-requisites for the 10-year Investor Visa:
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In case the property is mortgaged, the applicant must pay at least 2 million of the property value paid to the bank. A NOC letter and paid amount letter must be prepared and presented in this case.
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A minimum of AED 2 million value property or owned share (in one property or more) under the applicant's name.
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Only husband and wife can share in one property, and a marriage certificate attested in the Ministry of Affairs (MOFA) must be presented.
"The Golden visa is an extra incentive for real estate buyers as well as tax benefits in the UAE. It motivates buyers to stay longer in the UAE. It truly is a golden opportunity," Jeffrey Henseler, CEO of Property Legacy, said after the announcement of the latest update.
As long as the investment is retained under the applicant's name, the 10- year investor visa is renewed.
