Get UAE Residency

How to Get UAE Golden Visa by Investing in Dubai Property

Picture of Ovais Rehmani
Ovais Rehmani

Founder I HR Director

Dubai is a highly appealing destination for entrepreneurs, investors, and expatriates from all around the globe. The city provides a great quality of life, a secure and stable environment, a dynamic and diversified economy, and a tax-free regime. Dubai also boasts some of the most iconic landmarks, including the Burj Khalifa, the Palm Jumeirah, and the Dubai Mall.

If you’re interested in making Dubai your permanent residence, investing in Dubai property can grant you UAE residency. However, there are certain requirements and conditions you must meet. In this blog post, we will explore how you can acquire a UAE residence visa by purchasing property in Dubai.

Table of Contents

UAE Golden Visa: Residence in the UAE through Investment

UAE has some really cool programs that let you become a resident if you make certain investments. Let me break it down for you in a way that’s easy to understand.

  • First, you can become a resident by making a public investment of at least AED 2 million. That means you give some money to the government, and in return, you can stay in the UAE for 10 years.
  • Another option is to invest in real estate properties worth at least AED 2 million. If you do that, you can become a resident for 5 years. Imagine living in the UAE and owning some fancy properties!
  • Now, if you’re an entrepreneur with big ideas, you can set up an innovative business. If your business is approved, you can stay in the UAE for 5 years. It’s like being your own boss and living in a cool country at the same time!
  • But wait, there’s more! If you have outstanding talents in a specific field, you can become a resident for 10 years. The UAE really values talented people like you!
  • Last but not least, if you’re an outstanding student, you can also become a resident for 5 years. So, if you work hard and excel in your studies, you might get the chance to live in the UAE for a while.

UAE has all these awesome options for residency through investment. It’s like a golden ticket to live in this amazing country. So, start dreaming big and who knows, maybe one day you’ll be a resident of the UAE!

Golden Visa UAE for real estate investors

Get Golden Visa UAE

The Golden Visa is available to real estate investors who meet one of the requirements listed below:

  1. First, they need to buy a property that costs at least AED 2 million.
  2. Another way is by buying a property with a loan from certain local banks. It’s like borrowing money to buy a fancy house!
  3. Lastly, they can also get the Golden Visa by buying one or more completed or off-plan properties that are worth at least AED 2 million. But they can only buy from a list of approved local real estate companies.

To apply for the Golden Visa in this category, the primary documents required are the registration documents issued by the real estate authorities in the Emirate. It’s important to keep in mind that expats who own property in the UAE now have an extended period of 6 months to either renew their residence visa or leave the country. This grace period applies to both visa expiry and cancellation, and no fines will be imposed during this time.

If you own a property or a collection of properties, you might be eligible for a Golden visa, which is valid for five years and can be renewed under the same terms without a sponsor if you meet the following requirements:

  •  Provision of a letter from the relevant emirate’s land department confirming ownership of one or more properties worth at least AED 2 million.
  • Purchasing a property using a loan from a specific local bank that has been authorized by the relevant local organization.

To apply for the visa, you need to submit the following documents:

  • A copy of your passport
  • A copy of your title deed issued by the Dubai Land Department
  • A certificate of good conduct from the Dubai Police
  • A medical fitness certificate from an authorized health center
  • A health insurance policy
  • A bank statement showing your income

You can apply for the visa through the General Directorate of Residency and Foreigners Affairs (GDRFA) or an authorized typing center. The processing time is usually between two to four weeks.

Here are a couple of examples of real estate projects that, when invested in, have the potential to grant you a Golden visa.

Fairway Villas 2

Enjoy a luxurious lifestyle in Fairway Villas 2 located in Emaar South developed by Emaar, a master community close to the Expo 2020 site and Al Maktoum International Airport. These villas have direct access to an 18-hole championship golf course and a clubhouse with world-class facilities.

Rivana Villas

Experience elegance and comfort in Rivana Villas by Emaar at the Valley, a gated community with a park, and mall. These villas have modern designs, spacious interiors, and private gardens.

Serenity Mansion

Live in style and luxury in the Serenity Mansion by Tilal al Ghaf situated in Jumeirah Village Circle, a residential community with landscaped parks and amenities. This mansion has six bedrooms, a private pool, a gymnasium, and a rooftop terrace.

Como Residences

Find your home in Como Residences apartments developed by Nakheel located in Jumeirah Village Circle, a residential community with landscaped parks and amenities. The Como Residences apartments have one or two bedrooms, balconies, and smart home technology.

Mudon Al Ranim

Choose from a variety of properties including apartments, townhouses and villas at Mudon Al Ranim  By Dubai Properties. In this mixed-use development near the Expo 2020 site and Al Maktoum International Airport. This development has a school, mosque, retail center, and sports complex.

Ocean House

Discover waterfront living in these apartments situated in Ocean House by Ellington at Dubai Creek Harbour, a master community that hosts the Dubai Creek Tower and the Dubai Square Mall. These apartments have one to three bedrooms, balconies, and panoramic views of the creek and skyline.

Benefits of the UAE Residency and Citizenship by Investment

There are many benefits of obtaining UAE residency or citizenship by investing in Dubai property. Some of them are:

Live, Work, and Study in the UAE

Obtaining UAE citizenship provides you and your family with the privilege to reside, work, and pursue education in the Emirates.

You are able to enroll your spouse and kids in the program as an applicant.

Without Restrictions, Register Assets

You can register your assets in the United Arab Emirates without the limitations that apply to expatriates and foreign nationals.

Create Companies and Bank Accounts in the UAE

Like in most countries, foreigners face a lot of bureaucratic hurdles and red tape when trying to open a bank account or start a business in the UAE. However, UAE citizens have a much simpler process to follow. Once you become a UAE citizen, these tasks become easily achievable.

Safe for expats

Dubai is considered to be one of the safest cities for expats to reside in. The city has taken measures to ensure the safety of women who travel in the Middle East by providing pink taxis exclusively for women, driven by women.

A quick and simple residency application method

In the UAE, where approximately 90% of the population is foreign-born, residence permits are frequently granted. Although the process typically takes four to six weeks, a permit can be issued in as short as three weeks.

Expanding economy and good policy.

As a business owner, it is wise to seek out locations that are not only expanding but also implementing policies that promote growth. The UAE has been successful in creating an adaptable environment that prioritizes the welfare of entrepreneurs and businesses.

Caters to the expat lifestyle

Respecting local culture is important, and the UAE has succeeded at maintaining its cultural and religious policies while also being more flexible with expats. Compared to other Middle Eastern countries, it has a Western culture vibe. The country has found a balance between exotic and Western amenities, making it comfortable for foreigners. English is commonly spoken, and there are many options for shopping, dining, and entertainment. Dubai, in particular, is famous for its vibrant nightlife.

Conclusion

Investing in property in Dubai offers both short-term and long-term returns. Not only is it a great investment opportunity, but it is also an ideal place to work, live, and enjoy life. By investing in Dubai property, you can secure your financial future as well as your personal and family future. Obtaining a UAE residence visa or citizenship will unlock countless opportunities and possibilities for you.

If you would like to learn more about how to acquire UAE residency and citizenship through Dubai property investment, please contact our Elan Real Estate team of experts. We can guide you through the entire process and help you find the best property deals in Dubai. We eagerly anticipate hearing from you soon.

share on

Join The Discussion

Compare listings

Compare