Comprehensive Guide to UAE Real Estate Investment Golden Visas
The UAE is a consistently growing destination for worldwide investments, thanks to its expanding markets and vital location. As a result, the UAE offers investors the opportunity to obtain a long-term Golden Visa through real estate investment, following its laws and conditions.
Benefits of Golden Visa for Real Estate Investors
The Golden Visa for real estate investors in the UAE offers numerous benefits:
- 6-Month Entry Visa: Investors receive a 6-month entry visa to the UAE.
- Long Validity: The Golden Visa is valid for 5 to 10 years and can be easily renewed.
- Flexible Residency: Investors can stay outside the UAE for more than 6 months while their residence visa is still valid.
- Family Sponsorship: Investors can sponsor family members of all ages.
Who Can Apply for a UAE Golden Visa?
Many individuals are eligible to apply for a UAE Golden Visa, including real estate investors, public sector investors, entrepreneurs, distinguished students, and outstanding talents.
When Can Investors Apply for a UAE Golden Visa?
To start the process of obtaining an investor’s Golden Visa, you need to own real estate in the UAE. Below, you’ll find a comprehensive guide covering UAE investor Golden Visa requirements, application steps, fees, frequently asked questions, and more.
Eligibility Conditions for UAE Golden Visa Through Real Estate Investment
To qualify for a real estate investor visa in the UAE, you must meet specific requirements:
- Property Ownership: You need to provide a letter from the Dubai Land Department (DLD) confirming that you own one or more properties valued at AED 2 million or more.
- Bank Loan: If you’ve purchased a property using a loan from a local bank authorized by the relevant local entity, you are eligible.
If these requirements apply to you, you’ll be granted a 5-year Golden Visa, which can be renewed under the same conditions. It’s important to note that conditions may vary depending on the emirate. For example, the Abu Dhabi Residents Office may require maintaining the investment for at least 2 years after obtaining the real estate investment visa.
For Fully Owned Property:
- A registered Purchase Agreement filed with the Dubai Land Department (DLD). This agreement includes details about the property owner, property specifics, address, and purchase value.
- A Real Estate Unit Value Certificate.
Note that you are only required to provide one of the two documents mentioned above.
For Mortgaged Property:
- A Real Estate Unit Value Certificate issued by the Dubai Land Department (DLD) or any other authorized real estate registration entity in the UAE.
- A Search Certificate issued by the DMT to confirm that the property is not encumbered or subject to any legal claims.
For Off-Plan Property:
- A Purchase Agreement from an approved real estate developer. This agreement should contain information about the property owner, property details, address, and purchase value.
- Documentation confirming that the property’s value is not less than AED 2,000,000.
How to Apply for a Golden Visa as a Real Estate Investor
Below are the steps to apply for a real estate investor golden visa, whether in Dubai, Abu Dhabi, or other emirates:
Online Application:
- Visit the ICP Smart Services website to initiate your application.
- Navigate to the services list and select “Golden Visa Services.”
- Complete the application form.
- Submit the required documents.
- Make the necessary payments.
- You will receive your application confirmation via email.
Customer Happiness Centers:
- Visit your nearest Customer Happiness Center.
- Obtain a ticket to join the queue.
- Submit all the required documents, ensuring they meet the specified conditions.
- Pay service fees if applicable.
Typing Centers:
- Visit your nearest typing center authorized by ICP.
- Submit a complete application along with the required documents.
- Make any necessary fee payments.
What Are the Fees for Issuing a Golden Visa for Real Estate Investors?
Below are the relevant fees as per the ICP website:
- Residency fees: AED 2,280
- ID fees: AED 575
- E-services fees: AED 28
- ICP fees: AED 22
- Smart services fees: AED 100
Source 1: www.moec.gov.ae
Source 2: Golden Visa for Real Estate Investors Guide | property finder
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