All You Need to Know About the Investment Visa in Dubai

It’s non-negotiable that Dubai is one of the most sought-after destinations in the world for high living standards. Top businessmen worldwide seek better investment opportunities there.The happy news is that you can enjoy living in Dubai by getting an investment visa. This article includes all the details you need to know about investment in Dubai to relish a matchless stay.

The types of UAE Residence Visas are divided depending on the purpose of your travel. As such, there is the:

- UAE Work Visa, which is issued to foreigners who have found employment in the UAE and obtained a Work Permit.

- UAE Student Visa, which is issued for foreign nationals who have been accepted into a UAE educational institution

- UAE Family Visa, which is issued to the close family members of UAE citizens or foreign residents

- UAE Investment Visa (long-term residence), which is issued to foreign nationals who make a substantial investment in the UAE. This type of visa is issued for a longer duration than other types of residence visas (up to ten years)

- UAE Retirement Visa, which is issued to elderly foreigners who want to retire in the UAE and have the necessary financial means to do so.

- Work Remotely from Dubai program, which is issued to foreign freelancers who want to work in Dubai remotely.

TYPES OF VISAS FOR PROPERTY INVESTORS

The most popular way to obtain a visa is to invest in residential real estate. This approach allows one not only to obtain a residence permit in Dubai but also to acquire property into which the whole family can subsequently move in. Or you can start renting it out, creating a passive source of income for yourself.

Depending on the amount of investment, the visa will be issued for the following period:

• Resident visa for 2 years for an investment of 750,000 AED (~ 188 000 eur)

• Golden visa for 10 years for an investment of 2,000,000 AED (~ 500 000 eur)

What are the requirements to apply to 2-Year Investor Property Visa in UAE?

As part of the application requirements, you must own a property in the UAE worth at least AED 750,000. If the property is mortgaged, a NOC from the bank / developer is required, along with the property mortgage statement, and it must specify the entire paid amount and the remaining amount. In case the property joint between Husband & Wife, property share must be equal between both parties. In case the shares are not equal, highest share holder will only allow to apply as primary visa holder then sponsor other party (Spouse).

What are the requirements for a 10-year Investor Visa in the UAE?

Property in Dubai worth at least 2 million AED, Multiple properties will be accepted under the applicant’s name. In case the property purchased through Developer or Bank mortgage, statement of account from developer or Bank NOC to proceed with the Residence visa application. Husband and wife can participate in one property (marriage certificate is required attested from MOFA and legally translated to arabic). In case the property joint between Husband & Wife, and the value is less than 4 million, only one person will be eligible to apply for the golden visa then sponsor the other person(property share must be equal between both parties. In case the shares are not equal, highest share holder will only allow to apply as primary visa holder then sponsor other party (Spouse). Title deeds owners can apply for Golden residence visa application if the market value exceeds 2 million (official evaluation certificate is mandatory). Title deed jointly between partner is acceptable (applicant share should be minimum 2 million). The applicant’s name in the title deed must be matching with the name in the passport.