How to become a resident of Dubai by investing?
There are several ways to become a resident of Dubai:
- Be sponsored by a local person
- Employee visa
- Investing in real estate in Dubai
Since September 23, 2021, the investor visa has changed. Before this date, for a minimum investment of 1 million dirhams, the investor could apply for a 3-year renewable resident visa. Now, for an investment of 750,000 dirhams - around €175,000 - become a resident of Dubai, you will have access to a 3-year renewable visa. For investments in excess of 5 million dirhams, your visa will be valid for 5 years, renewable.
The Dubai Land Department allows real estate investors to become residents of Dubai, subject to certain conditions: owning a property with a minimum value of 750,000 dirhams.
For whom :
- The investor
- Wife/husband
- Children
Would you like to invest in the best real estate projects and become a resident of Dubai? Contact our real estate agency, a DRN agent will advise and guide you in the best possible way.
How to become a resident of Dubai
Dubai, being an international commercial center and hub for innovation, attracts many professionals from all over the world. If you're thinking of moving to Dubai permanently, here's an overview of the procedure for obtaining a resident visa.
1. Obtaining sponsorship: To obtain a resident visa in Dubai, you generally need to be sponsored. This sponsorship can come from an employer if you have an employment contract, from a family member who is already a resident, or you can also obtain your own visa if you wish to set up a business in one of Dubai's many business parks or free zones.
2. Applying for a visa: Once you have obtained a sponsorship, your sponsor (who is usually your employer or a family member) will need to apply for a resident visa on your behalf. It is important to note that your passport must be valid for at least six months at the time of application.
3. Medical examination: All new residents to Dubai are required to undergo a medical examination, which includes a blood test and a chest X-ray. These tests are designed to detect diseases such as HIV, tuberculosis and hepatitis. If any of these conditions are detected, the individual may be deported.
4. Issuing the visa: Once the medical examination has been passed and all administrative formalities completed, the resident visa will be affixed to the passport. This usually gives the holder the right to reside in Dubai for 2-3 years, after which the visa must be renewed.
5. Emirates ID: Finally, all Dubai residents are required to obtain an Emirates ID, which is a biometric identity card issued by the Federal Authority for Identity and Citizenship. This card is required to access various governmental and non-governmental services in the UAE.
It is important to note that although this is the general procedure for obtaining a Dubai residency visa, specific requirements may vary depending on factors such as your nationality, employment status and other factors. It is always advisable to consult the relevant authorities or a legal advisor for accurate and up-to-date information.
Documents to be prepared for the residency :
For the investor :
1. The minimum property value is AED 750,000.
2. If the property is mortgaged, 50% of the property value or at least AED 750,000 must be paid to the bank. A letter of consent in Arabic and a bank statement of the mortgage will be required to proceed with the visa application.
3. Husband and wife may share the same property and the value of the property is AED 750,000 or more (attested marriage certificate required).
4. A power of attorney is required if the application is submitted on behalf of the investor.
For the family :
1. Letter of consent from the investor, certified by the notary
2. Girl over 18 - a letter from a single parent
3. National identity document
4. Original passport and Emirati identity card
5. Personal photo
6. Health insurance
7. Attested marriage certificate
8. Attested birth certificate
9. IBAN bank account
10. Son over 18 - school certificate
Residence fees
3-year investor visa:
Total: AED 14,967 - about €3,500
Family visa 3 years
- Wife 7,061.25 AED - approx. 1,645€
- Daughter over 18 7,061.25 AED - approx. 1,645€
- Child under 18 6,361.25 AED - about 1.470€
- Son over 18 ( 5,821.25 AED ) - about 1.355€, for one year only
- Husband ( 5,821.25 AED ) - about 1.355€, for one year only
