Can purchasing a property in Dubai qualify me for a residency visa?
Yes, purchasing a property in Dubai can qualify you for a residency visa, provided certain criteria are met. Dubai offers several types of residency visas linked to real estate investment, each with specific requirements regarding the value and type of property:
Three-Year Investor Visa: To qualify for this visa, you must invest in a property worth at least AED 750,000. This property can be residential or commercial, but it must be located in one of Dubai's freehold areas. If the property is mortgaged, you must have paid off at least 50% of the property’s value. The visa is renewable every three years as long as you maintain ownership of the property.
Five-Year Investor Visa: This visa requires a minimum property investment of AED 5 million. Unlike the three-year visa, the property must be fully paid for, as financing is not permitted. This visa also allows you to bring your family members to Dubai, making it an attractive option for long-term residence.
Ten-Year Golden Visa: For larger investments, Dubai offers a ten-year residency visa for property investments totaling at least AED 10 million. This can include real estate but must be combined with other investments such as bonds or business ventures. The Golden Visa provides the added benefit of no minimum residency requirement, meaning you can maintain your visa without having to live in Dubai full-time.
Two-Year Property Investor Visa: Another option is the two-year self-sponsored visa available for property investments of at least AED 750,000. This visa can be renewed every two years, provided you still own the property. This visa type is ideal for investors looking for a shorter-term option with the flexibility of renewal.
The application process for these visas typically involves registering your property with the Dubai Land Department, obtaining a good conduct certificate, completing medical tests, and applying through the DLD Cube Centre or online. It's important to note that the property must be ready (not off-plan) and meet specific criteria such as being freehold and having a valid title deed.
Overall, investing in Dubai's real estate market offers a valuable pathway to residency, with flexible options catering to different levels of investment
