2 Year Property Visa 10 year Property Visa in UAE 61799504 3
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.
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.
To qualify for the 2-year investor visa, investors must meet the following criteria:
The property must be worth at least AED 750,000.
Property owners with payment plans or mortgages are eligible, regardless of the initial down payment amount.
The property must be located in a freehold area designated for foreign ownership.
The visa allows investors to reside in the UAE for ten years.
The visa can be renewed upon expiry, provided the investor continues to meet the eligibility criteria.
Investors can sponsor their immediate family members for residence visas.
The longer duration provides more stability and convenience for investors and their families.
To qualify for the 10-year investor visa, investors must meet the following criteria:
The property or combined properties must be worth at least AED 2 million.
Property owners with payment plans or mortgages are eligible, regardless of the initial down payment amount.
The property must be located in a freehold area designated for foreign ownership.
The visa allows investors to reside in the UAE for ten years.
The visa can be renewed upon expiry, provided the investor continues to meet the eligibility criteria.
Investors can sponsor their immediate family members for residence visas.
The longer duration provides more stability and convenience for investors and their families.
Ensure the property meets the eligibility criteria and complete the purchase.
Obtain the title deed from the Dubai Land Department (DLD) or the relevant authority in other emirates.
Obtain an NOC from the developer if the property is located within a managed community.
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.
Undergo a medical examination as part of the visa application process.
Apply for an Emirates ID once the visa is approved.
Ensure the property valuation meets the required threshold for the respective visa. This is crucial for the approval of the visa application.
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.
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.
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.
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.
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.
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.
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.
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.
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.
The 2-year and 10-year property visa 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.