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Unlocking the Golden Visa: Your Ultimate Guide to Real Estate Investment in Dubai

Posted by wp on June 25, 2024
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The UAE continues to attract global investors thanks to its burgeoning markets and strategic location. Among the various opportunities available, the Golden Visa stands out as a prime option for real estate investors seeking long-term residency. This comprehensive guide will walk you through everything you need to know about obtaining a Golden Visa through real estate investment in Dubai.

Why Choose the UAE Golden Visa for Real Estate Investment?

The UAE Golden Visa program offers investors a unique chance to secure long-term residency while enjoying the benefits of living in one of the world’s most dynamic cities. Whether you’re an established investor or planning to venture into the Dubai real estate market, this visa can provide stability and numerous advantages.

Benefits of the Golden Visa for Real Estate Investors

  1. Extended Residency: Enjoy a renewable visa valid for 5 to 10 years.
  2. Flexibility: Stay outside the UAE for more than 6 months without losing residency.
  3. Family Sponsorship: Sponsor your family members of all ages.
  4. 6-Month Entry Visa: Obtain an initial 6-month entry visa to settle your affairs.
  5. No Need for a Sponsor: Live in the UAE without requiring a local sponsor.

Eligibility Criteria for the UAE Golden Visa

The Dubai Golden Visa is open to a wide array of foreign talents, including investors, entrepreneurs, scientists, top-performing students and graduates, humanitarian pioneers, and frontline heroes. This initiative highlights the UAE’s commitment to attracting and retaining top-tier talent across various fields.

When Can You Apply for the Golden Visa?

To apply for a Golden Visa as a real estate investor, you must own a piece of real estate in the UAE. Here’s a detailed look at the eligibility conditions and application process.

Eligibility Conditions for Real Estate Investment

To qualify for the Golden Visa through real estate investment, you must:

  1. Own Property Worth AED 2 Million or More: Obtain a letter from the Dubai Land Department (DLD) confirming property ownership.
  2. Finance Through a Local Bank: Ensure the property is purchased with a loan from a local bank authorized by the relevant local entity.

Upon meeting these conditions, you will be granted a 5-year Golden Visa, renewable under the same requirements.

Application Process for the Golden Visa

Here are the steps to apply for a Golden Visa as a real estate investor:

  1. Online Application:
    • Visit the ICP smart services website.
    • Select “Golden Visa Services.”
    • Fill out the application form, submit the required documents, and pay the fees.
    • Receive your visa via email.
  2. Customer Happiness Centers:
    • Visit the nearest center and obtain a ticket.
    • Submit the necessary documents and pay the service fees if applicable.
  3. Typing Centers:
    • Visit an authorized typing center.
    • Submit your application and documents.
    • Pay the required fees.

Fees for the Golden Visa

The cost of obtaining a Golden Visa varies depending on your location:

  • Within UAE: AED 2,800 to AED 3,800.
  • Outside UAE: AED 3,800 to AED 4,800.

The fees include residency, ID, e-services, ICP, and smart services fees.

FAQs About the Golden Visa

  1. Where Can You Apply?
    • ICP official website, Abu Dhabi Residents Office, GDRFAD website, UAEICP phone application, customer happiness centers, and authorized typing centers.
  2. What Are the Benefits?
    • Renewed visa for 5 years, the ability to stay outside the UAE for 6 months, no sponsor needed, family residency permits, sponsor domestic helpers, and staying in the UAE if the primary visa holder passes away.
  3. Permanent Visa Option?
    • The Golden Visa is a long-term residency visa, not a permanent one. It can be renewed with the same requirements.
  4. Validity of the Visa?
    • The visa is valid for 5 years and can be renewed.
  5. Investment Areas?
    • Top areas in Dubai include Jumeirah Village, Palm Jumeirah, Mirdif, and Arabian Ranches.
  6. Minimum Property Value?
    • AED 2 million.
  7. Golden Visa for Property in Dubai?
    • Yes, property worth AED 2 million qualifies you for a 10-year Golden Visa.

Conclusion

The Golden Visa for real estate investors offers numerous benefits, making it an attractive option for those looking to invest and reside in the UAE. By meeting the eligibility requirements and following the application process, you can secure a long-term residency that allows you to enjoy the vibrant lifestyle and opportunities that Dubai has to offer.

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