The short answer is yes, you can get a visa when you buy property in Dubai. But, let’s dive into the details and talk about how this works.
What Happens When You Buy Property in Dubai?
It is true that buying property in Dubai can get you a visa, but it is not automatic. You will need to fulfill certain requirements and processes in order to get a property visa Dubai.
Additionally, the duration of your visa varies depending on how much you’ve invested. Generally, you can either have a 2-year investor visa, Golden visa for long-term residency, and 5-year retirement visa.
2-Year Investor Visa Dubai
You can apply for a 2-year investor visa if you have invested in a property that is worth at least or more than AED 750,000. This visa is renewable every 2 years and is a great option for short-term stays. With this visa, you can sponsor your spouse or children.
Requirements for a 2-year investor visa Dubai:
- Valid passport and electronic title deed
- Personal photo
- Health insurance
- UAE ID and current visa (if applicable)
- Certificate of good conduct from Dubai
Expected Fees
- For investor – AED 9,912.50
- Family residency
- Wife – AED 7,082.25
- Husband – AED 7,082.25
- Daughter over 18 years old – AED 7,082.25
- Children under 18 years old – AED 6,382.25
- Son over 18 years old – AED 6,701
Other Conditions
- Minimum property value of AED 750,000
- If mortgaged property, 50% of the amount has to be paid with a no-objection letter from the bank.
- Joint ownership from a husband and wife with equal property value is allowed (a certificate of marriage is required as proof).
Golden Visa Dubai
The Golden Visa Dubai provides a longer residency period for investors. You can qualify for a 5-year or 10-year Golden Visa when you buy property Dubai that is equal to or more than AED 2 million.
Advantages of Golden Visa Dubai
- You don’t need a sponsor.
- You can stay abroad for more than 6 months without losing your visa.
- A 5-year property visa UAE will allow you to sponsor family members at any age.
- If the visa holder passes away, the family members can still stay in the UAE until the visa expires.
Requirements for Golden Visa if you Buy Property in Dubai
- You need to own a property or properties worth AED 2 million or more.
- For the purchase of property through a loan, it must be from a verified local bank.
- A letter from the Dubai Land Department verifying your ownership of the property or properties
Expected Fees
- Approval Fee – AED 2,710
- Medical Check – AED 750
- Emirates ID – AED 1,185
5-Year Retirement Visa
This type of visa is only applicable to investors with ages starting from 55 years old or more. They can apply for this visa if their property investment is equal to or exceeds AED 1 million in value.
The Process of Getting a Property Visa Dubai
There are only four essential steps to take in order to apply for a visa in Dubai. Additionally, the service time usually lasts for 7 to 10 business days.
- You will have to visit a service center to file your visa (ALMANARA Center).
- You need to submit all needed requirements and pay the fees.
- To get a property visa Dubai, you need to undergo a medical examination as well.
- Lastly, you need to wait for your residence permit to be sent to your email in 7-10 days after application.
Other Considerations
There are a couple of things to keep in mind when you want to get visa if you buy property in Dubai.
- The property should be a freehold property.
- Minimum investment is AED 750,000.
- You cannot get a property visa Dubai with off-plan properties.
- No restricted nationality
- A minimum monthly income of AED 10,000
Conclusion
Overall, you can get visa if you buy property in Dubai but the type of visa you can get will depend on how much you invest. You can either have a 2-year investor visa Dubai, a Golden Visa or even a 5-year retirement visa. Either way, Dubai offers a welcoming and secure investment environment for foreign investors. Additionally, if you want to make sure that you meet all of these criteria, you can contact APIL Properties and we’ll help you through it.
FAQs
What are the types of visas you can get if you buy property in Dubai?
The visa types for real estate investment are either a 2-year investor visa Dubai, Golden Visa, and a 5-year retirement visa.
What is the process of applying for a property visa in Dubai?
To apply for a property visa in Dubai, you only need to visit a service center, pass the needed requirements, and pay the fees. Right after, you need to undergo a medical examination and wait for 7-10 days for your residence permit.
What is the minimum investment to qualify for a visa in Dubai?
The minimum investment value to get a property visa Dubai is AED 750,000.
