Long-term residence in the UAE will allow you to freely enter and leave the country without any problems. Real estate investors in the UAE can now obtain a golden visa by investing as little as AED 2 million.
Real estate investors can get a golden visa even if they buy a property with a loan from certain local banks. If the properties are off-plan, they can also benefit from the golden visa provided they are purchased from approved local real estate companies.
Sometimes developers may offer payment plans that allow you to qualify for a golden visa with an investment of 10% without a mortgage (AED 200,000) and 25% with a mortgage (AED 500,000), thereby lowering the gold visa entry.
This April 2022 rule change brought a whole bunch of new investors, both local and foreign, to the market and propped up the Dubai property market, resulting in record deals.
According to a CBRE report, total transactions in Dubai's housing market hit a 13-year high in May as investors, wealthy individuals and entrepreneurs plan to migrate to the city for business.
BENEFITS OF HOLDING A UAE GOLDEN VISA
Here are the benefits of the UAE Golden Visa:
5 or 10 years of renewable residence in the UAE
No sponsor or employer required
The length of stay outside the UAE does not invalidate the gold resident status.
Initial entry visa valid for 6 months with multiple entries to secure golden visa residency
Additional golden visas can be applied for families including spouse and children with no age limit
In the event of the visa holder's death, family members may retain their gold resident status until the end of the term.
HOW TO APPLY FOR THE UAE GOLD VISA (5 YEARS)
REQUIRED DOCUMENTS
1. The passport
2. Availability of an electronic copy of the certificate of ownership
3. Personal photo
4. Valid health insurance
5. Original Emirates ID if any
REQUIRED CONDITIONS (ANY)
1. Property or ownership interest of at least $2 million (one property or more) in the name of the applicant.
2. If the property is pledged, it is necessary to pay to the bank at least 2 million of the value of the property. In this case, the NOC letter and the payment amount letter must be submitted.
3. Husband and wife may share one property. A marriage certificate is required as proof.
4. Purchase real estate with a loan from certain local banks.
5. Purchase one or more off-plan properties worth at least AED 2 million from approved local real estate companies.
FEES
1. Medical Service (VIP) - AED 753
2. Emirates ID - AED 573
3. New visa - AED 2,288.75
4. Management Fee AED 100 Total AED 3714.75 PROCEDURE
OBTAINING A 5-YEAR GOLDEN INVESTOR VISA
Stage 1: Customer Visit to Cube Center at Dubai Land Department
Stage 2: Customer submits requirements and pays fees
Stage 3: Medical examination is carried out at the Center
Stage 4: Stamping the visa in the passport Estimated time - from 7 to 10 business days
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