Property Investors Visa In Dubai

Obtaining a property investors visa in Dubai is not very difficult. You don’t have to have a certain amount of money in the bank account to meet the minimum income requirement. The landlord simply asks for a letter from your employer demonstrating your position within the company and also what salary you earn.

What is all the hype about Property Investors Visa? What are the benefits of investing in a Property Investor’s visa? The information in this post might answer some of your questions.

Dubai has become the most preferred destination for property investors around the globe. Investing in Dubai real estate is the best option for achieving high returns on your investment.

You can earn this visa within 60 days of applying. That’s right, the Visa is temporary and you are able to extend the visa up to 3 years on your third year.

Property Investors Visa In Dubai

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.

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.

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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