HOW TO GET VISA FOR PROPERTY OWNERS

PROPERTY VISA IN DUBAI

In efforts to encourage foreign investors and further activate the real estate industry, the government of Dubai has made it easier for new property owners in Dubai to obtain residency visas.

Important Things should consider before starting the Process

There are certain factors that you need to keep in mind, as far as obtaining the visas are concerned:

The property value should be more than AED 1,000,000 or more (Purchase price and not necessarily the current market value)
Investor Visas are only made available for freehold and residential properties
Properties that offer residency visa includes: Residential and Serviced Apartments, Hotel Apartments, Villas & Townhouses, Offices & Warehouses

Property types that do not offer any visa include disputed & leaded properties, land-plots, and off-plan.
It is also possible for you to apply for a visa with a mortgaged property. However, it should meet the minimum investment amount of AED 1,000,000. Keep in mind to submit a NOC from the bank along with the application file.
You are also eligible for a residency visa if you have multiple properties (more than 3) having a total value of AED 1 million or more.

Having an investor visa does not necessarily entitle or give the right to work anywhere in the UAE
In case, the property is bought as a joint venture with your spouse (husband & wife), then you do have the right to apply for an investor visa. However, you are then required to attach the marriage certificate, along with the application

The benefits of an Investor visa

With this type of visa, you become a tax domicile of the UAE. This means that in most cases your investments and the profits made no longer require you to be taxed by your home country. This can be incredibly financially beneficial; however is it worth noting that this does depend on the regulations in your home country too.
Once you have a visa, you will be able to open a bank account, get a local driving license, obtain an Etisalat or Du account for a mobile phone contract and will be issued an Emirates Identity Card.

Required Documents

Title deed
Passport copy
Personal photograph
Current residency or visa copy
Good Conduct Certificate
Health Insurance

Visa Cost

The total cost falls in the range of- Dh13,000 - Dh15,500

Charges for Police clearance letter: Dh220
Administration fees: Dh420
Cost of application: Dh3,000
Typing & entry permit: Dh1,100
DED license issue: Dh8,400
Stamping/ Emirates ID /Medical: Dh2,490

We can take the stress out of the visa application by managing the whole process for you. With years of experience, we understand the system and can give the best advise on your options and move the application forward on your behalf.

Call or WhatsApp to our Consultant on +971568080092. You can also drop us an email at info@danburite.ae