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Visa for Freehold Real Estate in Dubai

Visa for Freehold Real Estate in Dubai

If a house has been finished and given to its owner by the developer, those who have paid a minimum price of Dh1 million may be eligible to apply for a resident visa in the UAE. The validity of such a visa is two years.

Owners of UAE real estate valued at at least Dh5 million will be granted a five-year residency permit as long as their ownership is not based on loans. Foreigners with investments in the UAE of at least Dh10 million will be granted renewable 10-year visas if non-real estate assets make up at least 60% of the total. Spouses and kids are welcome to enter the nation with investors.
The sum invested must be entirely the investor’s property, not a loan, and should be supported by documentation. Investments should be retained for a minimum of three years.

The long-term visa may also be extended to company partners with a minimum investment of Dh10 million from each partner, the spouse and children, one executive director, and one advisor. The rule permits investors to enter the nation many times during a six-month period in order to submit an application for a long-term visa.

The initial contact between the property owner and the Dubai Land Department requires the owner to provide their original passport, original title deed, NOC from the developer, and a copy of their current visa page (if applicable). After receiving the letter from the Dubai Land Department, you must go to the Dubai Police to request a Certificate of Good Conduct.

You thereafter submit your application for an investment license to the Dubai Economic Department along with the necessary paperwork. You can approach the GDRFA to apply for a residence visa in the UAE using the aforementioned documents once the Dubai Economic Department has given the investment license.

  • As soon as you get your residency permit, you are free to apply for a residence permit for your family in the UAE on your behalf.
    If an applicant is an expatriate property owner and meets the requirements, a two-year Multiple-entry Visa will be awarded.
  • This visa may be extended, but the investor must spend at least one month outside of the United Arab Emirates.

Dependents’ Visa: The holder of a property visa may sponsor his dependents for a residence visa. A single stay may not exceed six months in length. Visa fee: around Dh13000 plus The following conditions must be satisfied by the investors:

  • A single stay may not exceed six months.
  • Visa Fee: Approximately Dh13,000.
  • The investors must fulfill a number of standards.

Property Value: The home should be at least one million dirhams in value. The investment should be prepared to go in.

Monthly income: The investor must be the sole owner of the business and earn a minimum of Dh10,000 (or the equivalent amount in another currency) per month.

  • The villa or apartment needs to be spacious enough to house the investor’s family.
  • Before being given a visa, the investor must first obtain the title to the property from the relevant emirate’s registration body.

How to Apply: You should come to the Land Department armed with all the necessary paperwork.

Documentation needed:

  • Property’s title deed
  • Certificate of Police Clearance
  • Copy of passport and photo
Visa for Freehold Real Estate in Dubai
Visa for Freehold Real Estate in Dubai

Frequently Asked Questions

Q. What distinguishes the residence visa from the residency permit?

A. Qualified investors and their dependents are granted temporary residency based on their property ownership through the residence permit and visa for property owners. The primary distinction between the two is that while the multi-entry residence visa for property owners is valid for properties in any emirate and is renewable every six months, the residence permit for property owners is only renewable every two years for properties purchased in Dubai.

Q. Minimum required investment amount

A. Properties must be worth more than Dh1 million in order to qualify for either the visa or the resident permit. Mortgages are permitted for the residence permit, but if the property is mortgaged, at least 50% of the original cost must be repaid, or Dh1 million must be repaid if the property’s worth exceeds Dh2 million.

Q. What is the investment standards

A. The investment property must be completely owned by the investor, be located in a freehold neighborhood, and have a title deed issued in his or her name. We do not accept lease-to-own deeds. The home also needs to be habitable for the investor to move in, and its size needs to be appropriate for the amount of family members it may house (if applicable). If more than one investor owns the property, the combined worth must exceed Dh1 million, or if the investors are married, a legalized marriage certificate must be presented. The Dubai Land Department verifies the investment criteria for the resident permit, and the relevant immigration authority verifies it for the residence visa. A minimum monthly income of Dh10,000 or its equivalent in another currency is additionally required. The investor’s revenue may come from within the UAE or from beyond.

Q. Documents Required

A. A Dewa bill, copies of passports and valid visas, police clearance certificates, title deeds, legalized marriage certificates, attested bank statements, proof of health insurance for applicants and dependents, and police clearance certificates are among the standard documents needed to obtain a residence permit or visa. Additional documents can be requested by the applicable immigration authority as well as the Dubai Land Department.

Q. How much does it cost?

A. Government fees for the residence permit are to Dh13,000. A further Dh3,000 investment per dependent is required if the investor sponsors them. The estimated government charge for a resident visa is Dh2,300, which is payable every six months and is the same for each dependent.

Q. Can I purchase a property and obtain permanent residency in the UAE?

A. Even if they purchase property, non-GCC nationals cannot obtain permanent residency in the UAE. The restrictions are highly rigorous, and the visas are only good for either six months or two years, however it is feasible for an expat to get a resident visa based on property ownership. They do not let individuals to engage in any type of employment in the UAE, and there is no assurance that anyone purchasing real estate will be granted a visa.

The property must have a minimum Dh1 million purchase price and a maximum outstanding mortgage balance of 50% in order to qualify for an application. The candidate must receive at least Dh10,000 per month from a legitimate source; however, this income cannot come from a UAE-based job. Visas are given on a case-by-case basis; approval is not guaranteed and all applications must be submitted to Dubai Economy and the Dubai Land Department. Under the existing regulations, visas may be granted for up to two years. Applicants must arrange their own medical insurance that complies with Dubai Health Authority regulations and submit to a medical examination in compliance with regular Dubai regulations.

I’d want to repeat that a property-related visa only allows a person to visit the UAE; it does not allow them to work there. If they start looking for job, they must immediately terminate their property visa, and there is no assurance that any application would be accepted or renewed.(TN)

Contact Us

Feel free to get in touch with our team for more information. You can contact us by calling our UAE number 04-3961284 or our hotline at+971 52 888 4714

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