How Property Investment can get you UAE Golden Visa?
For millions of entrepreneurs, investors and professionals around the world, Dubai is more than skyscrapers and luxury, it’s a place they dream of calling home. And the most reliable way to do so for an extended period of time is getting a Golden Visa.
What is a Golden Visa?
Dubai Golden Visa is a long-term residency that allows expats to work, live and study in the UAE for periods ranging from 5 to 10 years. The visa’s original purpose is to attract new professionals, investors, and innovators to contribute to the development and growth of work.
This visa allows you to:
- Live in the UAE without the necessity of having a sponsor.
- 100% ownership of companies in certain areas.
- World known healthcare and education.
- Being able to sponsor family members.
- Renew your visa after long periods of time.
How does property investment give you a Golden Visa?
The UAE government has created certain requirements and criteria that you have to meet in order to obtain a Golden Visa.
Requirements to obtain a golden visa:
- Invest a minimum of 2 Million AED in property.
- Invest in the eligible types of property (Residential, Commercial and Off-plan).
- Holding the property for a minimum of 3 Years before selling it.
A significant tip to have in mind is that you do not have to own the property right away, as long as you finance the mortgage and the total value of the property meets the threshold, you can apply for your Golden Visa.
Why get your visa through property investment?
- Is a secure asset: compared to stock or bonds real state is a physical asset, which in Dubai’s market (known for its fast growing economy) is a great investment.
- You can receive passive income from it: You can earn a consistent income by renting your property.
- Stability in the UAE real estate market: Dubai’s real estate market is heavily regulated by the government and its laws, to promote transparency and stability.
- Luxurious lifestyle: Dubai is home to a wide variety of luxurious properties that give access to not only a property but also to a lifestyle.
Steps to apply:
- Find the property you want to invest in that meets the threshold amount of 2 Million of AED.
- Purchase the property and complete the legal formalities.
- Apply for the Golden Visa through the UAE government online portal or through an accredited visa provider.
- Provide the required documents, such as proof of ownership, proof of investment, passport copies, among others.
- Wait for the approval.
…….And that’s it, you will soon enough receive your Golden visa and start your new chapter in Dubai
FAQs
Can I renew my Golden Visa after 10 years?
Yes, the Golden Visa is renewable, as long as the requirements (property ownership and value) are still met at the time of the renewal.
Can I get the Golden Visa if the property is under co-ownership?
Joint ownership is allowed but the individual share of each owner must be of at least 2 Million AED as to respect the threshold.
