2-Year Property Visa & 10-Year Property Visa in UAE: A Comprehensive Guide

property visa dubai

Introduction

The UAE has become a prime destination for real estate investors, offering attractive visa options linked to property ownership. The 2-year property visas are designed to encourage foreign investment in the UAE’s real estate market. This article provides a detailed overview of these visas, including eligibility criteria, application processes, benefits, and important considerations.

Understanding Property Visas in the UAE

Property Investor visas in the UAE are residence permits granted to foreign investors who purchase real estate within the country. These visas offer investors the opportunity to live in the UAE and enjoy its various benefits while maintaining their investment in the property market.

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2-Year Property Visa

Eligibility Criteria

To qualify for the 2-year investor visa, investors must meet the following criteria:

  1. Property Value: The property must be worth at least AED 750,000
  2. Ownership: Property owners with payment plans or mortgages are eligible, regardless of the initial down payment amount.
  3. Location: The property must be located in a freehold area designated for foreign ownership.

Eligibility Criteria

To qualify for the 2-year investor visa, investors must meet the following criteria:

  1. Property Value: The property must be worth at least AED 750,000
  2. Ownership: Property owners with payment plans or mortgages are eligible, regardless of the initial down payment amount.
  3. Location: The property must be located in a freehold area designated for foreign ownership.

Benefits

  • Residency: The visa allows investors to reside in the UAE for ten years.
  • Renewal: The visa can be renewed upon expiry, provided the investor continues to meet the eligibility criteria.
  • Family Sponsorship: Investors can sponsor their immediate family members for residence visas.
  • Extended Stay: The longer duration provides more stability and convenience for investors and their families.

Application Process

  1. Property Purchase: Ensure the property meets the eligibility criteria and complete the purchase.
  2. Title Deed: Obtain the title deed from the Dubai Land Department (DLD) or the relevant authority in other emirates.
  3. No Objection Certificate (NOC): Obtain an NOC from the developer if the property is located within a managed community.
  4. Visa Application: Submit the visa application through the General Directorate of Residency and Foreign Affairs (GDRFA) or the relevant authority in the emirate where the property is located.
  5. Medical Examination: Undergo a medical examination as part of the visa application process.
  6. Emirates ID: Apply for an Emirates ID once the visa is approved.
2-year property visa
10-year property visa

10-Year Property Visa

Eligibility Criteria

To qualify for the 10-year property visa, investors must meet the following criteria:

  1. Property Value: The property or combined properties must be worth at least AED 2 million.
  2. Ownership: Property owners with payment plans or mortgages are eligible, regardless of the initial down payment amount.
  3. Location: The property must be located in a freehold area designated for foreign ownership.

Eligibility Criteria

To qualify for the 10-year property visa, investors must meet the following criteria:

  1. Property Value: The property or combined properties must be worth at least AED 2 million.
  2. Ownership: Property owners with payment plans or mortgages are eligible, regardless of the initial down payment amount.
  3. Location: The property must be located in a freehold area designated for foreign ownership.

Benefits

  • Residency: The visa allows investors to reside in the UAE for ten years.
  • Renewal: The visa can be renewed upon expiration, provided the investor continues to meet the eligibility criteria.
  • Family Sponsorship: Investors can sponsor their immediate family members for residence visas.
  • Extended Stay: The longer duration provides more stability and convenience for investors and their families.

Application Process

  1. Property Purchase: Ensure the property meets the eligibility criteria and complete the purchase.
  2. Title Deed: Obtain the title deed from the Dubai Land Department (DLD) or the relevant authority in other emirates.
  3. No Objection Certificate (NOC): Obtain an NOC from the developer if the property is located within a managed community.
  4. Visa Application: Submit the visa application through the General Directorate of Residency and Foreign Affairs (GDRFA) or the relevant authority in the emirate where the property is located.
  5. Medical Examination: Undergo a medical examination as part of the visa application process.
  6. Emirates ID: Apply for an Emirates ID once the visa is approved.

Important Considerations for 2-Year Property Visa & 10-Year Property Visa

  1. Property Valuation

Ensure the property valuation meets the required threshold for the respective visa. This is crucial for the approval of the visa application.

  1. Property Ownership

The property must be fully owned by the investor. Shared ownership or properties under joint names may not qualify unless the combined value meets the eligibility criteria.

  1. Legal and Administrative Fees

Be aware of the legal and administrative fees associated with the property purchase and visa application process. These costs can include registration fees, visa fees, medical examination fees, and Emirates ID fees.

  1. Property Maintenance

Investors are responsible for the maintenance and upkeep of the property. Ensure that the property remains in good condition to retain its value and eligibility for visa renewal.

  1. Residency Requirements

While the property visa provides residency in the UAE, investors must adhere to the residency requirements, including not being absent from the UAE for extended periods without valid reasons.

  1. Regulatory Updates

Stay informed about any regulatory updates or changes in the property visa policies. The UAE government may revise the eligibility criteria, application processes, or benefits associated with property visas.

Success Stories: Real Estate Investment in the UAE

  1. Diversified Investment Portfolios

Many investors have successfully diversified their investment portfolios by acquiring properties in the UAE, benefiting from the country’s stable real estate market and attractive returns.

  1. Long-term Residency

Investors with property visas have enjoyed long-term residency in the UAE, taking advantage of the country’s world-class amenities, business opportunities, and quality of life.

  1. Family Benefits

The ability to sponsor immediate family members has allowed investors to provide a secure and comfortable living environment for their families while pursuing business or professional opportunities in the UAE.

Conclusion

The 2-year and 10-year property visas in the UAE offer attractive opportunities for real estate investors to reside in one of the world’s most dynamic and prosperous regions. By understanding the eligibility criteria, application processes, and benefits, investors can make informed decisions and capitalize on the UAE’s thriving real estate market. Dahhan Business Services is dedicated to assisting investors with the property visa application process, ensuring a smooth and efficient experience in securing residency in the UAE.

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