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© 2024 Totality Real Estate LLC. All rights reserved.

Contact

USA/Canada

UAE

UK

Request a Call

© 2024 Totality Real Estate LLC.

All rights reserved.

Contact

USA/Canada

UAE

UK

Request a Call

© 2024 Totality Real Estate LLC. All rights reserved.

What do you need to know about obtaining a UAE residency visa?

To obtain a UAE residency visa through real estate investment, several key factors and requirements must be understood. Here’s a detailed guide on what you need to know:

Types of Residency Visas Through Property Investment

  1. 3-Year Investor Visa:

    • Minimum Investment: AED 750,000.

    • Conditions: The property must be residential, not mortgaged for more than 50% of its value, and located in a freehold area.

    • Renewal: The visa is renewable as long as the property remains in your possession.

  2. 5-Year Investor Visa:

    • Minimum Investment: AED 5 million.

    • Conditions: The property must be retained for at least three years, and it cannot be bought with a mortgage.

    • Family Sponsorship: This visa allows you to sponsor your immediate family members.

  3. 10-Year Golden Visa:

    • Minimum Investment: AED 2 million in property or AED 10 million in other investments.

    • Conditions: This visa has no minimum residency requirement, meaning you can maintain it even if you don’t live in the UAE continuously. It’s suitable for high-net-worth individuals looking for long-term stability in the UAE.

    • Benefits: The Golden Visa also allows for the sponsorship of family members and domestic staff without age restrictions.

Application Process

  1. Property Purchase: Begin by purchasing a qualifying property. The property must be freehold, residential, and fully paid or mortgaged with at least 50% of its value already paid off.

  2. Document Submission: Prepare and submit the necessary documents, including your passport, property title deed, a good conduct certificate from the UAE Police, and proof of health insurance. Additional documents might include financial statements and proof of existing residency if applicable.

  3. Medical Examination and Biometrics: Undergo a medical examination at a certified UAE medical center and provide biometric data (fingerprints and a photograph).

  4. Visa Issuance: Upon successful submission and verification, you will be issued a residency visa. This visa grants you the ability to reside in the UAE, sponsor your family, open bank accounts, and enjoy other benefits associated with UAE residency.

Benefits of UAE Residency Through Property Investment

  • Financial Flexibility: Residency allows you to open local bank accounts and access the UAE’s banking and investment opportunities.

  • Family Sponsorship: You can sponsor your immediate family members for residency.

  • High Quality of Life: UAE residency offers a high standard of living, world-class healthcare, education, and a stable political environment.

This pathway to residency is a popular choice among international investors due to Dubai’s thriving economy, strategic location, and tax advantages. However, it is essential to consult with legal professionals and real estate experts to ensure all requirements are met and the process is handled smoothly.

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