Obtaining a Residency Visa Through Property Investment in Dubai: Everything You Need to Know

Dubai offers several types of residency visas for property investors, allowing foreign nationals to live in the UAE by purchasing real estate. These visa options are part of the government's broader efforts to attract international investors and boost the real estate market. Here's an overview of how you can get a residency visa by buying property in Dubai.

1. 2-Year Residency Visa for Property Investors

Property buyers can obtain a 2-year residency visa if they purchase real estate worth at least AED 750,000.

• Eligibility: The property must be fully paid and not under a mortgage.

• Ownership: You can apply as a single owner or jointly with a spouse (proof of marriage required).

• Property type: Only freehold properties qualify, and the investment must be in a residential property.

• Renewability: The visa is renewable every two years, as long as you continue to own the property.

2. 5-Year Residency Visa (Golden Visa)

For property investments of AED 2 million or more, investors are eligible for the 5-year Golden Visa.

• Eligibility: The property must be fully paid, or the mortgage on the property should be at least AED 2 million.

• Property type: Freehold residential properties qualify, including off-plan properties from approved developers.

• Joint ownership: If jointly owned, each individual’s share must be worth AED 2 million or more to be eligible.

• Renewability: The visa is renewable every five years, subject to continuous ownership of the property.

3. 10-Year Residency Visa (Golden Visa)

For larger investments, Dubai also offers a 10-year Golden Visa under specific conditions.

• Eligibility: The applicant must invest in real estate worth at least AED 10 million, with a maximum of 40% of the investment in property and the remainder in business or other assets.

• Property type: The investment can include multiple properties but must be in freehold real estate.

• Other criteria: Applicants must not have any liabilities on the investment, and the property should be fully owned.

• Renewability: The visa is renewable every 10 years, as long as the investment conditions are maintained.

4. Benefits of a Property Investment Visa

• Residency for family: Property investors can sponsor visas for their immediate family (spouse and children), allowing them to reside in the UAE.

• Access to services: As a resident, you will have access to essential services, including healthcare, education, and utilities.

• Ease of travel: Residency visas allow multiple entries and exits from the UAE without the need for frequent visa renewals.

• Bank accounts and driving license: A residency visa enables you to open a UAE bank account and obtain a local driving license.

5. Steps to Apply for a Residency Visa

1. Purchase a qualifying property: Ensure the property meets the minimum investment threshold.

2. Complete ownership transfer: You need to have the title deed (freehold) in your name, with the property fully paid.

3. Apply through Dubai Land Department: After ownership transfer, submit your application for the residency visa at the Dubai Land Department or through approved real estate developers.

4. Medical and Emirates ID: As part of the visa application, you’ll need to undergo a medical examination and apply for an Emirates ID.

5. Processing time: Visa processing typically takes 2 to 3 weeks.

6. Important Considerations

• Mortgage: For the 2-year visa, properties under mortgage are not eligible. For the 5-year Golden Visa, a partially mortgaged property is allowed as long as the investor's share is worth AED 2 million or more.

• Off-plan properties: Off-plan purchases qualify for the Golden Visa only if the total paid value meets the AED 2 million threshold, even if the property is still under construction.

• Freehold vs Leasehold: Only freehold properties are eligible for residency visas, meaning you must buy in designated freehold areas approved for foreign ownership.

Conclusion: A Path to Residency Through Real Estate

Buying property in Dubai offers more than just a lucrative investment—it can also provide you with residency in one of the world’s most dynamic cities. Whether you invest in a modest apartment or a luxury villa, Dubai’s property visa programs make it easier for investors to live and work in the UAE.

If you’re interested in exploring property options that qualify for residency visas, Elita Homes Real Estate Brokers LLC can help guide you through the process and find the right investment for your needs.