Do you own or have investments in property in Dubai? If the answer is yes, then you could be entitled to a 3 or 5-year property investment visa. There are many advantages to securing a long-term visa with your property and the process of obtaining one is hassle-free with our visa service.
What long-term visas are available with Dubai property investments?
Thanks to the many progressive reforms of late, property investors in Dubai have the added advantage of a wide range of long-term visas available, enabling them to settle and plan their future in the Emirate. Here are the current visa options:
1. Three Year Dubai Property Visa:
The visa is issued for three years and can be renewed. The Dubai Land Department (DLD) has announced the reduction of the minimum financial requirement to apply for a 3-year investor visa from AED 1,000,000 (USD 272,300) to AED 750,000 (USD 205,000).
This visa is available only when purchasing a completed residential property, not off-plan property. If you purchase off-plan property, you can only apply for the visa, once the property has been completely handed over by the developer.
Joint ownership investors can apply for the visa only if the share of each individual constitutes at least AED 750,000.
If you have a mortgage on the property, at least 50% of the mortgage loan must be paid to the bank, or at least AED 750,000, then you are eligible to apply for the visa.
2. Five Year Dubai Property Visa:
This visa requires an investment of at least AED 5 million in properties, the amount can also be divided across three properties. The property must be fully paid and no outstanding mortgage owed.
This visa is a resident visa which means you or your family members will not be allowed to work on that visa. If you or any of your family members wish to work, the visa status will have to be changed, and the organisation which offers the job will have to issue a sponsoring visa.
The advantages of having a Property Investment Visa
Being able to spend as much time in Dubai as you like during the visa’s valid period and to come and go as you please.
Having access to UAE bank accounts and financial services.
Being able to apply for a UAE driving licence.
Possible visa-free travel to certain countries.
Being able to sponsor your spouse and dependents.
Both the 3-year and 5-year visas can be easily renewed, providing you continue to retain your investment.
How to apply for a UAE Property Investment Visa
Synergy provides a bespoke visa service that caters for VIPS, families, investors and individuals, our service starts with a consultation to assess your eligibility and which visa category you can obtain. Our team will then process the application for you in a timely manner and deliver the visa to your home or office.