Foreign investors who acquire real estate in Dubai worth a minimum of AED 2 million can now apply for a 10-year Golden Visa, a remarkable opportunity provided by the DLD. This initiative has been implemented to encourage more investments in the Dubai property market and boost the economy.
The Golden Visa is an excellent opportunity for those who want to live and work in Dubai without worrying about visa renewals. Once the visa is approved, the holder can sponsor their family members to live and work in Dubai with them. It is important to note that the property investment must be maintained to ensure the visa remains valid.
But what conditions should the foreign investors take note of?
- The Golden Visa for Property Investors in Dubai requires a property investment worth a minimum of 2 million AED, and multiple properties under the same applicant's name are acceptable. Note that property valuation is not accepted as proof of investment. The applicant must provide a record of payments or a statement of account for each property bought, equivalent to the mentioned amount of 2 million AED.
- If the property is mortgaged or on an installment plan, the applicant must have paid at least 2 million AED of the property's value to the bank or developer to be eligible for the Golden Visa. To proceed with the visa application, a no-objection certificate (NOC) letter will be required, along with the mortgage statement indicating the amount paid towards the property.
- The applicant must be present in the UAE during the Golden Visa application processing.
- A husband and wife can jointly invest in a single property for the Golden Visa application, provided that they submit a marriage certificate attested by the Ministry of Foreign Affairs (MOFA) and translated into Arabic by a certified translator
- Partnerships between individuals other than spouses are not accepted for the Golden Visa property investment.
What are the required documents for the Golden Visa application?
- A clear copy of the passport is required for the Golden Visa application. The passport must be valid for at least 6 months from the time of application.
- To be eligible for the Golden Visa, the value of the property stated in the title deed issued for property in Dubai must be at least 2 million AED. Note that properties located in other emirates or in the Dubai International Financial Centre Authority (DIFCA) are not accepted.
- Official Statement of Accounts or Record of Payments of each property
- Digital Photo (Please refer to the link for specifications- https://icp.gov.ae/wp-content/uploads/2021/11/icao_english.pdf)
- Valid health insurance
- Original Emirates ID (if any)
- Copy of latest visa in the UAE (if any)
What is the procedure?
- To apply for the Golden Visa, the customer is required to visit the service centers of the Dubai Land Department (DLD).
- The customer is required to submit the necessary documents and pay the fees for the Golden Visa application
- The medical examination for the Golden Visa is conducted at the designated center.
- E-Residence visa issuance
- Emirates ID (Fingerprint biometric)
How can Danburite Corporate assist you with your Golden Visa application?
- Our dedicated team will assist you every step of the way, from the top to the bottom. We will provide comprehensive support and guidance throughout the entire process, starting with an initial screening of your documents to ensure their validity.
- We will guide you through the procedure at the Dubai Land Department and provide regular updates on the status of your application.
- Our team will also assist you in completing the medical examination and obtaining your E-Residence visa and Emirates ID.
It is an important matter to work with a trusted and experienced corporate service provider, such as Danburite Corporate, to ensure a smooth and hassle-free application process because of the complex and ever-changing visa regulations, the importance of proper documentation, and the potential consequences of making mistakes in the application process.
With Danburite Corporate, you can trust that your Golden Visa application is in good hands.
Contact us today to learn more about our services and how we can help you establish a successful ecommerce business in the UAE. Our head office is located at Pyramid Centre, Office 108, PO Box: 89561, Dubai, UAE. You can reach us by phone at +971 4256 466
FAQ
1.Can an individual apply for an Investor Visa while being outside of the country?
Applying for an investor visa is not possible for individuals who are currently outside the country. This is because their physical presence is required throughout the residency process, and traveling is not allowed during this period.
2.Can I check with the Danburite team my documents while being outside the country?
Yes, you can check your documents with the Danburite team while being outside the country. Pr
3.Can I maintain the validity of my Golden visa without visiting Dubai every 6 months?
According to the latest update from ICA, there is no longer a time limit for staying outside the UAE for Investor Visa holders.
4.Can I sponsor my family?
Yes, it is possible to sponsor your spouse and children for 10 years with a UAE Golden Visa.
