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The real estate sector has always been one of the major contributors to the growth of Dubai’s economy. Dubai government has taken many initiatives to attract more potential investors to this sector from time to time. Many of these policies and measures have resulted in increased investor confidence and foreign direct investment. 6-Month Multi-Entry Visa: This type of visa though mainly functions like a tourist-visa, has lot of other benefits also. One major benefit is that the holder is able to make multiple entries over a period of 6 months. This visa is applicable for any property worth more than AED 1 million in any of the seven emirates and is issued by the relevant immigration authority not by the Dubai Land Department. 3-Year Residence Visa: This visa is applicable for those who are interested in investing a property worth more than AED 1 million in Dubai and is primarily issued by Dubai Land Department. With this visa, you will be considered as eligible to be a UAE resident and can avail the related benefits such as Emirates ID, driving license and family sponsorship. The cost of this visa range between AED 13000 and AED 15000 and has a validity of 3 years. However, this 3-year visa holder is not permitted to stay outside the country for a consecutive period of more than 6 months. 5-Year Long Term Residence Visa: You will be eligible for a 5-year residency visa if you are interested to invest or buy property worth more than AED 5 million. Like other visa options, there are certain conditions to get the eligibility for 5-year visa which includes that the property should not be purchased with a mortgage or availing any kind of loan or financing facilities and this investment should be retained for a period of at least 3 years. The benefit that the visa holder can sponsor his family and dependents as well remains with this kind of visa also. 10-Year Long Term Residence Visa: This visa is available to those who are investing more than AED 10 million of which at least 40% should be in real estate. To be eligible to get a 10-year residency visa, you should prove that such investment is not loaned and you have to retain the investment for a period of at least 3 years. Unlike other types of visa, these visa holders can include an executive director and an advisor apart from their family and other dependents. Another benefit of 10-year residency visa is that it can be extended to business partners also if each one of them contributes an investment of AED 10 million. Points to be noted Below listed are some of the points to be remembered while obtaining an investor visa: Documents required to apply Important steps to follow Property Investor Visa Fees The property investor visa total costs range between AED 13,000 and AED 15,000 which include; Among all these types of investor visas, a 6-month residency visa costs less, however, you will have to renew this visa every 6 months which will cost AED 1,100 every time. In addition to these, sponsorship of family and renewals will be subject to a fee of AED 250 each. Where to apply? In December 2017, the Dubai land Department has launched “Cube”, a new customer service center to operate from its headquarters aiming to reduce both the effort and time for the real estate investors by providing all services in one location. Hence, this center includes the General Directorate of Residency & Foreign Affairs (GDRFA), the Department of Economic Development (DED), the Federal Authority of Identity & Citizenship (FAIZ), the Dubai Police General Command and Medical Centers, Insurance companies, and Printing offices. Please contact us if you would like to apply for Dubai Property Visa or Gold Visa.
Dubai Property Investor Visa from Dubai Land Department
Types of Visa
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