Property Investor Visa In Dubai

Property Investor Visa In Dubai   Real Estate Investment in Dubai The government of Dubai supports property investment.   Millions of visitors, intending to make commercial investments, have been flowing into Dubai from all over the world, year after year. It is currently the most preferred destination for people seeking investment refuge in the Arab region.

If you are interested in buying a property in UAE and make money out of it. It is the best place for you to buy that property, which gives you a profit at the end. Lately, Dubai has become property investors dream destination. On this page we will tell you about property investor Visa In Dubai and make you know what are you supposed to do to get it as well as about the advantages and disadvantages of Property Investor Visa In Dubai.

Property Investor Visa in Dubai, is a visa granted to foreign nationals who invest in Dubai’s real estate sector. You are able to apply for and renew your visa while living anywhere in the UAE, although you must physically visit Dubai on occasion and show evidence of investment.

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Property Investor Visa In Dubai

A property investor visa in Dubai has given many investors and landlords the opportunity to live in Dubai. This is you can have a fabulous place to do business in, but also enjoy the amenities at some of the most luxurious hotels on earth, making it one place in which to live and work.

In 2019, the UAE launched Golden Visa to enable investors to apply for a long-term residency in the country. The implementation of this scheme, coupled with consistently high ROI and global appeal of the country’s property market, has proven to be a major draw in attracting real estate investors. Currently, there are two long-term visas for real estate investors. Want to apply for a UAE investor visa? We’ve compiled everything you need to know.

What Is Investor Visa In Dubai

The Dubai Investor Visa, also called the Dubai Partner visa, is applicable to foreign nationals who want to start their own business or invest in an existing business in Dubai. The Dubai investor visa grants the holder the right to reside in the UAE, and to come and go as they wish for the duration of the visa.

Also known as the Dubai partner visa, this visa is ideal for foreign nationals who want to start a business in Dubai or invest in an existing business. They can also live and work in the UAE and sponsor family members. The validity of the visa is three years.

Want to get an investor visa in Dubai? According to the Dubai investor visa rules, this visa is only granted to individuals who buy shares in an existing company worth a minimum of AED 72,000 or are establishing a company with a capital investment worth the same amount.

DOCUMENTS REQUIRED FOR INVESTOR VISA IN DUBAI FOR MAINLAND COMPANIES

If you are investing in or establishing a company in Dubai’s mainland, you need these documents as part of the Dubai investor visa application.

• Bank Account IBAN Number of the sponsor
• Establishment Card
• Memorandum Papers (MOA) as proof of the share of ownership
• One photograph with white background.
• Partner’s current UAE visa (if applicable)
• Partner’s passport copy
• Sponsor’s original Emirates ID
• Trade Licence Copy

Earlier, a UAE national or an agent who shall liaise with government departments was needed as the majority shareholder. However, the recent changes in rules allow complete foreign ownership in Dubai mainland. More than 1,000 commercial and industrial activities can now be conducted without a company having an Emirati majority shareholder.

Property Investor Visa UAE

TYPES OF UAE INVESTOR VISA

With UAE Golden Visas in place, foreigners are eligible to work, live and study without the need of a national sponsor. Read on to find out all about the investor visa UAE requirements.

A 10-YEAR INVESTOR VISA UAE

It is mandatory for a foreign investor to have at least AED 10M public investment in the UAE to be eligible for the 10-year long term visa. This investment can be made in any of the seven emirates in the UAE without a sponsor.

Take a look below at the list of the investment types where one can attain a long-term real estate investor visa under the General Investor category.

• Upon establishing a new company in any of the emirates with a capital investment of equal to AED 10M.
• Upon establishing a partnership in an existing company with a share value of a minimum of AED 10M.
• Upon having deposits with an investment value of at least AED 10M in any emirate of the UAE.
• Upon ensuring that within the total investment of AED 10M, 60% of that amount or AED 6M of the total investment is made in sectors other than the real estate market.

CONDITIONS AND REQUISITES FOR A 10-YEAR INVESTOR VISA

• The investors will have to prove that the amount invested is not loaned.
• The investment must be retained for at least three years.
• There should also be financial solvency of the investment for the amount of AED 10M.
• Investors with a 10-year visa can include an executive director and an advisor apart from their children and spouse.
• This visa can also be extended to business partners if each contributes an investment amount of AED 10M.
• Foreign investors can apply for a multiple-entry permit for a six-month period.

The long-term residence is also applicable to persons with specialised talents in the field of art, culture or science. One of the many conditions for that is that they should be accredited by the ministry in their respective fields.

A 5-YEAR INVESTOR VISA UAE

Real estate investors can also apply for a 5-year residence visa in the UAE, given that they follow the conditions set for this type of visa.

CONDITIONS AND REQUISITES FOR A 5-YEAR PROPERTY INVESTOR VISA IN DUBAI

• It is mandatory for the investor to make an investment in a property that is not less than AED 5M.
• The investors must ensure that the amount is not loaned.
• Another condition is that the property must be retained for at least three years.

5-YEAR REAL ESTATE VISA IN ABU DHABI

Real estate investors can also apply for a five-year visa to Abu Dhabi. The conditions for that are, however, different from the rest of the emirates.

CONDITIONS AND REQUISITES FOR A 5-YEAR PROPERTY INVESTOR VISA IN ABU DHABI

• Investors must invest in a property worth no less than AED 2 million
• If they have mortgaged properties, they must have at least a minimum cash of AED 2 million to apply for this visa.
• They must retain investments for a minimum of two years after getting a visa.
• The real estate investor visa allows residency for spouses and children in Abu Dhabi.
• The visa holder also has the right to sponsor a domestic worker, given that they follow the relevant rules and regulations.
• Real estate investors must show their investment profile (single/aggregate) or proof of property worth at least AED 2 million.
• Investors must also give proof of mortgage status (Mortgaged or Released).

Want to know more about the procedure, requirements and conditions to apply for this type of visa? Check our guide to the Abu Dhabi investor visa process.

Property Visa Dubai

DUBAI INVESTOR VISA RULES

Now you know about the basic requirements and conditions to attain a real estate investor visa. There are some micro details to this information that are applicable to real estate visa for Dubai:

• The investment value of AED 10M is the purchase value of your property and not the current market value. For instance, the property will not qualify for a visa if you purchased it for AED 9M a few years ago and it is currently worth AED 10M.
• Investment is also subject to property type. It’s recommended to contact the Dubai Land Department to find out which property types are eligible for long-term visas. 
• The investment should be made in a property that is in a habitable condition.
• Any property that is under construction, or there is a dispute or not ready will not be considered for granting an investor visa.
• In addition to this, the property should not be declared unsafe by the authorities for any reason to qualify for an investor visa.
• It is also necessary that the property should be in a freehold area in Dubai and you are the rightful owner. If the property is in a leasehold area then you are not the rightful owner. In such a case, it needs to specify for how many years you are leasing the property.
• The list of properties that are acceptable for an investor visa include apartments, serviced apartments, townhouse, villas, office, hotel rooms, hotel apartments and warehouse.
• The list of property that is not acceptable for a real estate visa includes off-plan property, leasehold property and disputed property.

THINGS TO CONSIDER ABOUT UAE INVESTOR VISA

Since the UAE investment visa rules keep changing rapidly, it is important to consider some visa rules update regarding investor visas.

• In March 2022, Abu Dhabi Residents Office launched exclusive commercial benefits for golden visa holders. Now investors will be eligible for discounts on cars, health care, property, hospitality, banking services and health insurance plans both in and outside the UAE.
• The UAE previously launched the “Thrive in Abu Dhabi” programme that encourages international investors to invest in key sectors in the capital city. Under this programme, investors can obtain a 10-year residency in Abu Dhabi.
• The UAE has made an unprecedented change in the immigration laws to pave way for investors to set up business operations in the country. As per the UAE new Citizenship law, investors can become citizens of the UAE after investing in the country.
• It is not necessary to make an investment in a single property worth AED 10M. You can invest in a maximum of three properties with a total worth greater than or equal to the required amount.
• You are also eligible for a real estate visa investor visa Dubai on the mortgaged property if you have paid off the mortgage value of AED 10M.
• In the case of joint ownership of a property, it is necessary that a person applying for an investor visa has a share of AED 10M.
• In the case of joint ownership of the husband and wife, an attested marriage certificate should be provided as proof along with other necessary credentials to apply for a real estate investor visa in Dubai. 
• Those who want to sponsor families also need to consider these UAE visa rules for the family as they are also applicable in attaining long-term visas.

Dubai Property Investor Visa Cost

DUBAI INVESTOR VISA COSTS

The Dubai investor visa cost when applying through an Amer centre is as follows:

• Entry permit: AED 1,175 for individuals in the UAE and AED 525 for individuals outside the UAE.
• Change of status: AED 675 (not required for individuals entering from outside the UAE).
• Visa stamping: Approximately AED 870
• Emirates ID: AED 405
• Medical Tests: AED 322.5

Please note that there are additional charges for the immigration establishment card needed for the Dubai investor visa.

Also, the costs mentioned above are those charged by the GDRFA. These are not inclusive of the trade licence charges issued by the Dubai Economic Department.

You can also apply for an investor visa through the online E-government Directorate of Naturalisation and Residency Department (eDNRD) portal., which companies and establishments in Dubai can use to submit visa applications.

3 Year Investor Visa Dubai

3 YEAR, 5-YEAR AND 10-YEAR INVESTOR VISAS IN DUBAI

The government has introduced the UAE long-term visas, including the 10-year and 5-year visas for Dubai investors. They have also recently revised the terms for a 3-year investor visa in Dubai.

10-YEAR VISA ELIGIBILITY

For the 10-year investment visa, you must meet specific conditions, including public investments of at least AED 10 million. Interested parties can invest in the following areas:

• UAE-based Investment funds.
• Establish a company in the UAE with a capital of AED 10 million.
• Become a partner in a new or existing company with a share value of a minimum of AED 10 million.

Talking about the investment conditions, you must remember these rules:

• Out of the total investment, 60% has to be in sectors other than real estate.
• The invested amount must be a loan.
• Financial solvency for up to AED 10 million.

5-YEAR VISA ELIGIBILITY

For a 5-year investor visa in Dubai, you must meet the following conditions:

• An investor must buy a property with a minimum value of AED 5 million.
• This amount should not be acquired as a loan.
• A minimum three-year period for the property retention.
• The investor must invest in a freehold property.

3-YEAR VISA ELIGIBILITY

You must meet the following conditions to qualify for a 3-year investor visa in Dubai:

• The investor must own a property with a minimum value of AED 750k.
• If the property is mortgaged, then 50% of the total value must be paid to the bank upfront.
• The investor must produce a non-objection letter written in Arabic from the bank.
• The property can be shared between spouses, but the investor will need to provide a marriage certificate.
• The property must be residential, not commercial.
• The investor can also apply through a jointly owned property, provided their share is worth AED 750k or more.