If you’re here, you might be one of those people who dream of living in Dubai. You know, that city where anything seems possible… Or perhaps you just fancy’invest in the property market…and it’s growing fast… Whatever your interests, you’ll soon see why all this could be beneficial for you.
To give you an idea, investing in a property in Dubai may pave the way for you to obtain a residence visa. For example, by making an investment of at least 750,000 AED (approximately 187,000 €), it is possible to obtain a 2-year visa. However, please note that the property must still be completed and handed over, and you must have the keys in hand to be eligible.
What’s more, for the most ambitious investors, there is also the 10-year Golden Visa. This is available from 2,000,000 AED and offers even more benefits. Don’t worry, we’ll have the chance to discuss this in more detail below. ?
Speaking of points, here are the topics covered in our article:
- The eligibility criteria for these visas; ;
- The steps you need to follow to submit your application; ;
- And the documents you’ll need to make your project a success!
Well, yes, basically, everything you need to Investing and living in Dubai. ?
What is the property investor visa in Dubai?
The property investor visa in Dubai is a unique opportunity for foreigners who wish to investing in property in the United Arab Emirates. This visa not only allows you to live there legally, but also entitles you to a number of benefits. Indeed, by investing in a property of a minimum value, you will become eligible for various types of residence visas (We’ll come back to this later.).
These visas form part of the strategies put in place by the government to encourage the’foreign investment in the Dubai property market. The aim is simple: to attract international buyers by offering them the opportunity to live, work and enjoy the city’s many benefits. And it’s working: Dubai continues to attract people thanks to its no income tax, its modern infrastructure and cosmopolitan lifestyle.
Who is eligible for an investor visa in Dubai?
Are you wondering whether you are eligible for a property investor visa in Dubai ? Well, it all depends on a few key factors. But don’t worry, we’ll explain everything just below!
To begin with, there is one essential basic point: the amount of your investment.
Here are the thresholds:
- For a 2-year visa : you need to invest at least 750,000 AED (approximately €187,000).
- For the 10-year Golden Visa : the minimum investment is 2,000,000 AED (approximately €500,000).
But that’s not all. The type of property also plays a key role:
- The property must be “freehold”, which means you are the sole owner.
- If your property is under construction, it must meet a minimum of 20 % progress to be eligible for the Golden Visa.
And be careful – if you have a mortgaged property, you must have repaid at least 50 % of the loan amount in order to be eligible for the visa.
Another important point: in the case of joint ownership, if you are not married to your co-investor, the amount invested will be divided between the parties. For example, if two unmarried people purchase a property for 1,000,000 AED, each investor is credited with 500,000 AED. The result? They are not eligible for the 2-year visa.
For this reason, it is essential to ensure that planning your property purchase in order to comply with these conditions.
How do I apply for the two-year property investor visa?
The 2-year investor visa is ideal for those who wish to move to Dubai through a property investment. Here’s what you need to know about the process and the obligations involved.
1. The steps involved
1.1. First, buy a freehold property registered with the Dubai Land Department (DLD).
2.2. Next, prepare the necessary documents:
- The title deed.
- A valid passport.
- And proof of income (minimum 10,000 AED).
3.3. Finally, please ensure that you submit your application via the DLD or a specialist agency.
Finally, once your application has been approved, undergo the medical examination and apply for your Emirates ID.
2. Requirements for maintaining your visa
To ensure your visa remains valid, you must:
- Visit Dubai at least once every six months.
- And keep the property in your name.
If you sell your property, your visa will be automatically cancelled. This is a crucial point to bear in mind if you are planning to restructure your investments in the future.
How do I obtain the 10-year Golden Visa?
The Golden Visa is THE solution for those seeking long-term stability, as well as “exclusive” benefits in Dubai.
1. The criteria to be met
- Invest at least 2,000,000 AED on a property.
- Properties under construction are eligible, provided that work on them has commenced by at least 20%.
2. The benefits of the Golden Visa
Unlike the two-year visa, this visa offers more benefits.
A brief overview:
- You will not be subject to any residence or visitation requirements regular.
- You will be able to become the legal and financial guarantor for your parents, children, and a an unlimited number of domestic staff (chauffeurs, nannies, etc.).
With a 10-year validity period that can be renewed, this visa is ideal for those seeking a favourable tax regime and a carefree lifestyle.
Invest in Dubai today!
Congratulations, you now know How to obtain a property investor visa in Dubai ! Whether you opt for the 2-year visa or the 10-year Golden Visa, you have everything you need to take the next step.
With these visas, you will not only be able to live in a rapidly growing city, but also enjoy unrivalled tax benefits and an exceptional quality of life. And the best thing about it all is that you have never been closer to making this dream a reality.
So, what are you waiting for? Why not take the plunge? At DRN, we specialise in’support for French-speaking investors. Indeed, our agency is here to help you from start to finish (from selecting a property right through to letting management).→ Contact our agency now and get your property investor visa too!
