NEWS

It’s non-negotiable that Dubai is one of the most sought-after destinations in the world for high living standards. Top businessmen worldwide seek better investment opportunities there.

The happy news is that you can enjoy living in Dubai by getting an investment visa. This article includes all the details you need to know about investment in Dubai to relish a matchless stay.

The UAE has established itself as a major business and investment hub in the Middle East region. Many choose the country as their second home thanks to the number of opportunities it promises. Real estate is a big part of the country’s economy, and attracts investors from world over. This sector also offers a simple way to acquire a UAE residency through property investment. To put it simply, you can acquire a residency in the UAE through a property investment.

What are the requirements for a 10-year Investor Visa in the UAE?

• Property in Dubai worth at least 2 million AED, Multiple properties will be accepted under the applicant’s name.

• In case the property purchased through Developer or Bank mortgage, statement of account from developer or Bank NOC to proceed with the Residence visa application.

• Person must be inside UAE.

• Husband and wife can participate in one property (marriage certificate is required attested from MOFA and legally translated to arabic).

• In case the property joint between Husband & Wife, and the value is less than 4 million, only one person will be eligible to apply for the golden visa then sponsor the other person(property share must be equal between both parties. In case the shares are not equal, highest share holder will only allow to apply as primary visa holder then sponsor other party (Spouse).

• Title deeds owners can apply for Golden residence visa application if the market value exceeds 2 million (official evaluation certificate is mandatory).

• Title deed jointly between partner is acceptable (applicant share should be minimum 2 million).

• The applicant’s name in the title deed must be matching with the name in the passport.

SINCE MAY 2019, A NEW LONG-TERM RESIDENCY AND GOLDEN VISA SCHEME WAS LAUNCHED, ENABLING FOREIGNERS TO LIVE, WORK AND STUDY IN THE UAE WITHOUT AN EMIRATI SPONSOR. WITH EQUALLY ATTRACTIVE BENEFITS FOR PROPERTY INVESTORS AND TO THE REDUCTION OF THE MINIMUM FINANCIAL REQUIREMENT TO APPLY FOR A 3-YEAR INVESTOR VISA, THE PROSPECT OF INVESTING AND LIVING IN DUBAI HAS BECOME MUCH EASIER AND MORE APPEALING.

The UAE has cancelled the Dh1 million ($272,294) minimum down payment required for people to qualify for a golden visa through real estate investment, as it seeks to encourage more residents and investors to establish deeper roots in the country, according to sources.

The Dubai real estate sector is expected to benefit from the impact of the 65,000 people who recently received the Golden Visa, according to Walid Al Zarooni, CEO of Dubai-based real estate brokerage W Capital.

He added that global research indicates that Dubai is expected to attract a large share of the citizenship market through global investment, which is expected to grow five-fold to $100bn by 2025.