The UAE continues to position itself as a premier investment destination, drawing global attention with its strategic location and flourishing markets. Among its many appealing offerings, the UAE’s Golden Visa for real estate investors stands out. This long-term residency program not only supports investment but also provides a host of benefits and privileges. This guide will cover essential aspects of the Golden Visa, including eligibility criteria, application procedures, and associated costs.
Why Consider the Golden Visa?
The UAE Golden Visa for real estate investors offers several advantages:
- Initial Entry Visa: Obtain a 6-month entry visa to commence your investment journey.
- Long-Term Residency: Enjoy a residence visa valid for 5 to 10 years, with straightforward renewal options.
- Extended Absence: Stay outside the UAE for more than 6 months without losing your residency status.
- Family Sponsorship: Sponsor family members of any age, making it a family-friendly choice.
Who Can Apply?
The Golden Visa is designed for distinguished individuals, including:
- Investors
- Entrepreneurs
- Scientists
- Top-performing Students and Graduates
- Humanitarian Pioneers and Frontline Heroes
This visa aims to attract exceptional talent and enhance the UAE’s dynamic, multicultural environment, allowing holders to live, work, or study in the region.
When Should Investors Apply?
Investors can apply for the Golden Visa once they meet the real estate ownership requirements. Below is a detailed overview of the eligibility conditions and application process.
Eligibility Conditions
To qualify for the Golden Visa through real estate investment, you must meet the following criteria:
- Property Ownership: Obtain a letter from the Dubai Land Department (DLD) verifying ownership of property valued at AED 2 million or more.
- Mortgage Option: If financing the property through a loan, it must be from a local, authorized bank.
- Visa Duration: You will be granted a 5-year Golden Visa, which is renewable under the same conditions.
Note: Conditions may vary by emirate. For instance, the Abu Dhabi Residents Office requires maintaining the investment for at least 2 years post-issuance.
Required Documents
For Fully Owned Property:
- Purchase Agreement: A registered document with the DMT outlining the property’s details and purchase value.
- Real Estate Unit Value Certificate: A document verifying the property’s value.
For Mortgaged Property:
- Real Estate Unit Value Certificate: Issued by DMT or another authorized entity.
- Search Certificate: Proves the property is free from any legal seizures.
For Off-Plan Property:
- Purchase Agreement: From an approved real estate developer, detailing the property’s worth and purchase value.
- Value Proof: Evidence that the property is valued at least AED 2,000,000.
How to Apply
Applying for the Golden Visa can be completed through several channels:
Online Application:
- Visit the official UAE Golden Visa website.
- Navigate to the ICP smart services section.
- Complete and submit your application form.
- Pay the applicable fees.
- Receive your visa electronically.
Customer Happiness Centers:
- Visit a nearby center.
- Obtain a ticket and wait your turn.
- Submit required documents and pay any service fees.
Typing Centers:
- Go to an authorized typing center.
- Submit your application and documents.
- Pay any necessary fees.
Fees for Golden Visa
The cost of obtaining a Dubai Golden Visa varies based on your location:
- Within UAE: AED 2,800 to AED 3,800
- Outside UAE: AED 3,800 to AED 4,800
Fee Breakdown:
- Residency Fees: AED 2,280
- ID Fees: AED 575
- E-Services Fees: AED 28
- ICP Fees: AED 22
- Smart Services Fees: AED 100
Note: Fees are subject to change and may vary based on specific circumstances and additional processing requirements.
Conclusion
The UAE’s Golden Visa for real estate investors represents a significant opportunity for long-term residency and investment. By understanding the eligibility criteria and application process, you can fully leverage this program and enjoy its numerous benefits.
Feel free to reach out if you have any questions or need further assistance with your application!
