March 25, 2024
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Dubai Investor Visas Guide

 

The United Arab Emirates (UAE) presents appealing visa options for foreign investors through programs like the Golden Visa and Investor Visa. These initiatives allow individuals to secure long-term residency in the UAE by making significant investments in the country. In this article, we will delve into the prerequisites, advantages, and essential documentation for both the 10-year Golden Visa and the 2-year Investor Visa in Dubai via the Dubai Land Department.

Requirements for a 10-Year Investor Visa: To qualify for a 10-year Investor Visa in the UAE, applicants must meet the following criteria:

  1. Property Investment:
  • The applicant must own a property in Dubai valued at a minimum of 2 million AED, with the option of considering multiple properties.
  • If the property is mortgaged or on an installment plan, the bank or developer must be paid at least 2 million AED of the property’s value.
  • Submission of a No Objection Certificate (NOC) letter from the bank or developer, along with the mortgage statement and proof of payment, is required.
  1. Residency:
  • The applicant must be present in the UAE during the application process.
  1. Spousal Participation:
  • Married couples can jointly participate in one property investment, with the provision of a marriage certificate attested by the Ministry of Foreign Affairs (MOFA) and legally translated into Arabic.
  • In cases of joint ownership, shares must be equal, and if unequal, the highest shareholder can apply as the primary visa holder.
  1. Title Deed Owners:
  • Joint ownership of title deeds is acceptable, provided the applicant’s share is a minimum of 2 million AED.Documents for a 10-Year Investor Visa: The following documents are typically required for a 10-year Investor Visa application: a. Property Documents:
    • Title deed(s) demonstrating property ownership with a minimum value of 2 million AED in Dubai.
    1. Personal Documents:
    • Clear passport copy (valid for over 6 months).
    • Copy of the old Emirates ID (if applicable).
    • High-quality digital photo meeting Federal Authority for Identity and Citizenship specifications.
    • National ID (if applicable) for specific countries.
    • Health insurance coverage from a UAE-based insurance company.

    Benefits of a 10-Year Investor Visa in Dubai: Securing a 10-year Investor Visa in Dubai offers several advantages: a. Extended Stay:

    • No time limit on staying outside the UAE while keeping the visa active.
    1. Safety and Security:
    • Dubai’s low crime rate ensures a secure environment, with visa revocation for law violations.
    1. Family Sponsorship:
    • Ability to sponsor housemaids, drivers, family members, and children for extended periods.

     

    Requirements for a 2-Year Investor Property Visa: To be eligible for a 2-Year Investor Property Visa in the UAE, applicants must fulfill the following conditions:

    1. Property Investment:
    • Ownership of a property in the UAE valued at least AED 750,000.
    • Submission of a NOC from the bank/developer if the property is mortgaged, along with the mortgage statement.

    Documents for a 2-Year Investor Property Visa: The typical documents required for a 2-Year Investor Property Visa include: a. Property Documents:

    • Title deed(s) indicating property ownership with a minimum value of AED 750,000 in Dubai.
    1. Personal Documents:
    • Clear passport copy (valid for over 6 months).
    • Copy of the old Emirates ID (if applicable).
    • High-quality digital photo meeting Federal Authority for Identity and Citizenship specifications.
    • National ID (if applicable) for specific countries.
    1. Additional Documents:
    • Health insurance coverage from any UAE-based insurance company.
    • Dubai Police-issued certificate of good conduct and behavior.

    In conclusion, the Golden Visa and Investor Visa programs in Dubai present opportunities for foreign investors to attain long-term residency through substantial investments. Whether opting for the 10-year Golden Visa or the 2-year Investor Visa, understanding the requirements and necessary documentation is crucial for a successful application process. By meeting the criteria and enjoying the benefits, individuals can leverage the UAE’s economic opportunities and experience a stable and secure environment