Dubai Golden visa new rules Through Real Estate

Author: Kajal Varma

Dubai's Golden Visa program is designed to attract investors, professionals, and talented individuals by offering long-term residency in the UAE. One of the most popular ways to qualify for the Golden Visa is through real estate investment. Below are the updated rules and requirements for obtaining a Golden Visa through real estate investment in Dubai:Invest in Dubai Real Estate

Golden Visa Eligibility Through Real Estate Investment

  1. Minimum Property Value:

    • The primary requirement is an investment in real estate worth AED 2 million or more.
    • The property can be a single unit or a combination of properties that collectively meet the value requirement.

  2. Property Ownership:

    • The property must be fully owned by the investor. Mortgaged properties may also qualify if the investor has paid off at least 50% of the mortgage amount or the property’s equity meets the required value.

  3. Eligible Property Types:

    • Residential properties, including apartments, villas, and townhouses, are eligible.
    • Commercial properties and land may also qualify, provided they meet the minimum value requirement.

  4. Off-Plan Properties:

    • Investors in off-plan properties (under construction) may qualify for the Golden Visa if the total value of the purchase meets or exceeds AED 2 million.
    • The investor must provide proof of payment for at least AED 2 million towards the property.

  5. Joint Ownership:

    • In the case of joint ownership, each individual's share must be worth AED 2 million or more to qualify for the Golden Visa.

  6. Family Sponsorship:

    • Holders of the Golden Visa can sponsor their spouse and children for residency in Dubai without any restrictions on age.
    • The visa can also be extended to domestic staff.

  7. Duration and Renewal:

    • The Golden Visa is issued for a period of 10 years and is renewable, provided the investment is maintained.

  8. Other Benefits:

    • Golden Visa holders are eligible for full ownership of companies in the UAE mainland.
    • They enjoy extended grace periods for staying outside the UAE without affecting their residency status.
Application Process

  1. Property Purchase:

    • Purchase the property or properties that meet the eligibility criteria.
    • Ensure all legal documentation and proof of ownership are in place.

  2. Submission of Documents:

    • Submit the necessary documents, including the title deed, passport copy, and proof of payment or mortgage status, to the Dubai Land Department (DLD).

  3. Application:

    • Apply for the Golden Visa through the General Directorate of Residency and Foreign Affairs (GDRFA) or through approved property developers.

  4. Approval and Issuance:

    • Once approved, the visa will be issued, and you can begin to enjoy the benefits of long-term residency.