Unlock Dubai with a Golden Visa: The Property Path
Dreaming of living in Dubai, the dazzling metropolis of the United Arab Emirates? The Dubai Golden Visa, obtainable through property investment, might be your key. This visa offers a 10-year residency permit, granting you the freedom to live, work, and invest in Dubai with minimal hassle.
Here’s your guide to obtaining a Dubai Golden Visa through property investment:
Investment Threshold:
The magic number is AED 2 million (approx. USD 545,000). You’ll need to invest this amount or more in freehold property (property you fully own) in Dubai.
Important Conditions:
- The property value must be based on the DLD (Dubai Land Department) valuation, not the purchase price.
- Full payment or a minimum 50% down payment on a mortgaged property qualifies.
Documents Required:
- Valid passport
- E-copy of property title deeds reflecting ownership
- Valid health insurance certificate
- Personal photograph
- Previous UAE ID or visa (if applicable)
- Details of current residence permit (if applicable)
The Application Process:
- Property Purchase: Finalize your property purchase and ensure it meets the minimum value requirement.
DLD Valuation: Obtain a valuation certificate from the DLD, confirming the property’s worth.
Gather Documents: Compile all the necessary documents mentioned earlier.
Online Application: Head to the ICP (Immigration and Companies Registration) smart services website and initiate your Golden Visa application.
Fee Payment: Settle the application fees.
Await Approval: The authorities will review your application. Once approved, you’ll receive notification via email.
- Additional Perks:
- You can sponsor your spouse, children under 18, and even your parents under the Golden Visa.
- Unlike some Golden Visa categories, property investment doesn’t require you to set up a business in Dubai.
- Seeking Professional Help:
- For a smooth process, consider consulting a property advisor or lawyer specializing in Dubai Golden Visas. They can guide you through legalities, navigate the application process, and ensure you meet all the requirements.
- Embrace Dubai’s Golden Opportunity:
- Owning property in Dubai and obtaining a Golden Visa presents an exciting opportunity. This path grants you residency, opens doors to business ventures, and lets you experience Dubai’s vibrant lifestyle. So, start your property search, gather your documents, and get ready to unlock the Golden door to Dubai!