Dubai offers residency through property investment under the Dubai Golden Visa program. UAE Golden Visa is a long-term residence visa which enables foreign talents to live, work or study in the UAE while enjoying exclusive benefits. Investors, entrepreneurs, scientists, outstanding students and graduates, humanitarian pioneers and frontline heroes are among those eligible for the Golden visa. If you’re an investor or planning to invest in the city, the golden visa for real estate in the UAE is a great option. Here’s a general outline of the process:
- Eligibility: The government approved new conditions for getting a Golden Visa in the United Arab Emirates by investment. Investors can buy properties in Freehold Zones; these are the areas where foreigners may purchase real estate for AED 2 million ($545,000) to get a 10-year Golden Visa. Another option is purchasing real estate for AED 750,000 ($204,000) to get a 2-year residence visa. This could be residential or commercial real estate.
- Application: Once you’ve made the investment, you can apply for the Golden Visa through Typing Centers, Customer Happiness Centers or through online application in the General Directorate of Residency and Foreigners Affairs (GDRFA) in Dubai. You’ll need to submit the required documents along with your application.
- Documents: The documents typically required include your passport, proof of property ownership or investment, health insurance coverage, and any other documents specified by the authorities.
- Processing: Your application will be reviewed by the relevant authorities. If everything is in order and you meet the eligibility criteria, you’ll be issued a Golden Visa.
- Renewal: Ensure to renew your Golden Visa before it expires to maintain your residency status in Dubai.
It’s crucial to stay updated with the latest regulations and requirements from the Dubai government regarding the Golden Visa program, as they may change over time. Chosen Homes Team can provide personalized guidance for anyone who wants to know more about getting Golden Visa through property investment.