Golden Visa Through Property Purchase in Dubai: A Comprehensive Guide

Written by Avyanco Business Setup Consultancy » Updated on: November 19th, 2024

Want to live, work, and invest freely in Dubai? The Dubai golden visa might be your ticket. Property investment is one of the most popular ways to secure this coveted residency permit.

What is a Golden Visa?

Before we discuss the property requirements, let's quickly understand a golden visa. Essentially, it's a long-term residency visa offered by the UAE government to investors, entrepreneurs, professionals, and other talented individuals. It grants holders numerous benefits, including visa-free entry, work permits, and the ability to sponsor family members.

Property Investment for Golden Visa

Dubai has sweetened the deal for property investors by offering a Golden Visa as a reward. Here's what you need to know:

Minimum Investment: To qualify for a 10-year Golden Visa, purchase a property valued at AED 2 million or more. This amount is based on the property's official valuation.

Mortgage Allowed: Good news for investors! You can now obtain a Golden Visa even if you've taken a mortgage on your property. However, you'll need the bank's No Objection Certificate (NOC) confirming the loan amount.

Joint Ownership: If you co-own the property with someone else, its total value should be AED 2 million or more. The primary visa holder will have the largest share of the property.

Property Location: While there is no specific restriction on a property's location within Dubai, it is essential to ensure it is registered with the Dubai Land Department.

Golden Visa Benefits Through Property Investment

Find below the list of Golden Visa Benefits below:

Long-term Residency: Enjoy a 10-year residency, renewable under specific conditions.

Family Sponsorship: You can bring your spouse and children under 18 to live with you in the UAE.

Visa-Free Travel: Benefit from visa-free entry to many countries.

Business Setup: Easily start your business in Dubai.

Higher Education: Access to world-class education for your children.

Healthcare: Enjoy access to the UAE's advanced healthcare system.

Remember: Dubai's real estate market is dynamic. It's to make informed decisions and consult a real estate agent and legal advisor.

By understanding these key points, you're well on your way to exploring the possibility of securing a Golden Visa through property investment in Dubai.

Would you like to know more about the specific steps in applying for a Golden Visa or explore other investment options in Dubai?

How much money do you need to invest in property to get a Golden Visa in Dubai?

To qualify for a 10-year Golden Visa in Dubai through property investment, you must purchase a property valued at AED 2 million or more. This amount is based on the property's official valuation.

Can I get a Golden Visa in Dubai if I buy a property with a mortgage?

You can obtain a Golden Visa in Dubai even if you've mortgaged your property. However, you'll need the bank's No Objection Certificate (NOC) confirming the loan amount.

What are the benefits of a Golden Visa through property investment in Dubai?

The benefits of a golden visa through property investment in Dubai include long-term residency, family sponsorship, visa-free travel, business setup, and access to education and healthcare.

How long does it take to get a Golden Visa through property investment in Dubai?

The processing time for a Golden Visa through property investment in Dubai can vary, but it typically takes several weeks. Consult with immigration authorities for the most accurate information.

Can I sell my property after getting a Golden Visa in Dubai?

You can sell your property after obtaining a golden visa in Dubai. However, the status of your golden visa might be affected depending on the specific terms and conditions.

What documents are required to apply for a Golden Visa through property investment in Dubai?

Documents required for a golden visa through property investment in Dubai typically include a passport, visa copy, property ownership documents, bank statements, and other supporting documents. The exact list is essential to check with the relevant authorities.

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