Everything You Need To Know About UAE Property Visa

There are many reasons why most investors invest in Dubai Luxury Apartments and other properties in the UAE. The UAE offers state-of-the-art infrastructure, high quality of life, and flexible visa regulations, making it an attractive destination for investment.

Recently, the UAE introduced the property visa, which has made living and investing in the country even more accessible. This has led to investors worldwide finding their market and contributing to the UAE’s economy.

In this guide, you’ll learn about UAE Property Visa, how to apply for it, and its benefits, the procedure for applying for a property visa is straightforward. Interested individuals can find detailed information below. The property visa provides various advantages, including the ability to live and work in the UAE, and it is available in different types depending on your specific needs.

If you’re considering investing in Dubai properties and want to learn more about the property visa and its application process, keep reading below. We’ve gathered all the information you need.

What Are UAE Property Visa And Its Types?

The UAE property visa is a type of visa that allows individuals to live and invest in Luxury apartments and properties in the UAE. It is designed for property owners, investors, and real estate entrepreneurs. The property visa provides a pathway for foreigners to obtain residency in the UAE by investing in real estate.

Different types of property visas are available in the UAE, each catering to specific investment criteria and objectives. Here are some common types:

6-Month Property Visa

The 6-month property visa in the UAE functions similarly to a tourist visa but provides additional benefits. With this visa, individuals can make multiple entries into the UAE within six months. It applies to all seven emirates for properties valued at 1 million AED or more. 

The appropriate immigration authorities issue the visa, and there is no need to contact the Dubai Land Department for its acquisition. This visa offers flexibility and convenience for individuals interested in living or investing in the UAE for six months.

3-Year Property Visa

The 3-year property visa in the UAE, issued by the Dubai Land Department, is available for individuals who invest in Apartments in Dubai and other properties valued at 7,50,000 AED or more. The property investment limit was previously 1 million AED but was reduced in September 2021. 

This visa enables investors to become residents of the UAE and enjoy benefits such as family sponsorship, obtaining an Emirates ID, and acquiring a driving license.

5-Year Property Visa

The 5-year property visa in the UAE is available for investors who want to invest in properties such as Dubai apartments for sale valued at 2 million AED or more. To be eligible for this visa, investors must maintain their investment for at least five years. 

It is similar to the 3-year property visa and provides benefits such as sponsoring family members.

10-Year Property Visa

The 10-year property visa in the UAE is granted to individuals who invest more than 10 million AED in the country, with a minimum of 40% of the investment dedicated to Dubai Luxury Apartments. You must provide all the necessary documentation to support your investments to apply for this visa. These property investments should be self-funded and maintained for at least three years. The assets can be in the form of an investment fund deposit, establishing a new company with a minimum capital of 10 million AED, or partnering with an existing company with shares worth 10 million AED or more.

Moreover, the 10-year property visa extends to the applicant’s family, dependents, advisor, and executive director. It can also be extended to business partners interested in investing 10 million AED or more.

Advantages Of Obtaining A UAE Property Visa

Owning a property visa in the UAE offers numerous benefits that make living and investing in Apartments in Dubai easier. Here are some advantages:

1. No Local Sponsor Required: Unlike many other types of visas, a property visa in the UAE does not require a local sponsor. This provides individuals with more freedom and flexibility in their residency.

2. Extended Stay: With a property visa, you can stay in the UAE for the duration of the visa’s validity, allowing you to spend more time there. Additionally, you can easily travel in and out of the UAE without hassle.

3. Driver’s License Eligibility: Holding a property visa makes you eligible to apply for a driver’s license in the UAE, enabling you to drive legally and conveniently.

4. Access to Financial Services: Having a property visa allows you to open bank accounts and access a wide range of financial services in the UAE, making financial management more convenient.

5. Visa-Free Travel: Under certain conditions, owning a property visa may allow visa-free travel to numerous countries, opening up new travel possibilities.

6. Family Sponsorship: One of the significant advantages of a property visa is the ability to sponsor your family members and dependents, allowing them to join you and enjoy the benefits of living in the UAE.

7. Renewal Options: If you choose to extend your investment ownership, you can renew your 3-year or 5-year property visa, ensuring that you can continue to benefit from your investment and Luxury apartments in the UAE.

Rules You Must Know To Apply For UAE Property Visa

You should know important rules when applying for a property visa in the UAE. You need to note here:

1. Investment Value: The value considered for the visa is the property’s purchase price, not its current market value. For example, buying a Dubai Luxury Apartment for 9 million AED will not qualify for a 10-year visa, even if its current value is 10 million AED or more.

2. Eligible Property Types: The type of property you invest in plays a significant role, especially for long-term visas. Contacting the Dubai Land Department to understand which properties are eligible for longer-term visas, such as five or ten years, is advisable.

3. Property Condition: The investment property should be habitable. Properties under construction, in dispute, or not fully ready will not be considered for a property visa.

4. Safety and Legal Compliance: Ensure that the government or authorities do not declare the property unsafe to meet the visa requirements.

5. Freehold Ownership: The property should be in a freehold area, and you must be the rightful owner. Leasehold properties indicate you are not the owner, so the leasing period must be specified.

6. Acceptable Property Types: Apartments, serviced apartments, villas, warehouses, townhouses, hotel rooms, and similar properties are generally sufficient for UAE property residence visas.

7. Ineligible Property Types: Off-plan (under construction), leasehold, and disputed properties are unacceptable for property visas.

Prerequisites For UAE Property Investor Visa Application

Here are some essential vital requirements that you must have as follows:

• Monthly income of at least AED 10,000 or it’s equivalent in foreign currency.

• Possession of health insurance.
• Sufficient space in the property for family members to reside.
• Ownership of the property.
• The property type must be an apartment or a villa.
• The property should be in a freehold area where foreigners can own properties.
• The minimum current value of the property must be AED 1 million.
• If the property is mortgaged, ensure that 50% of its value has already been paid.
• The Dubai Land Department (DLD) issued mandatory Dubai Title deed verification.

5 Steps To Apply For UAE Property Visa

Now that you know about UAE Property Visa, let’s see how you can apply for it using these easy steps:

Step 1: Obtain An Entry Permit

• Visit the immigration department, a typing center, or a Tasheel center.
• Apply for an entry permit, which is required to initiate the property visa process.

Step 2: Medical Fitness Test

• Visit any government health center for a medical fitness test.
• Fill out the entry permit form and specify the health center where you intend to take the test.

Step 3: Emirates ID Application

• Approach the Amer Centre to type and submit your Emirates ID application.
• Bring the original ID and the application if you already have an Emirates ID.
• If applicable, include photographs of your family members and Emirates ID applications.
• If you haven’t applied for an Emirates ID before, you must provide biometric data during the application process.

Step 4: Purchase Health Insurance

• As part of the visa application, you must obtain health insurance.
• Compare different health insurance companies in Dubai to find a suitable policy that meets your requirements.

Step 5: Visit An Amer Centre

• To apply for an investor residence visa in Dubai, visit one of the Amer centers throughout the city.
• Amer centers are in Al Jafiliya, Al Twar, Dubai Festival City, and Al Quoz.
• Submit the required documents and complete the application process at the chosen Amer Centre.

Please note that visa requirements and procedures may be subject to change. It is advisable to consult with the relevant authorities or official sources for the most up-to-date and accurate information regarding the UAE property visa application process.

Conclusion

As you can see, obtaining a UAE property visa offers numerous advantages for individuals looking to live and invest in luxury apartments and properties. With different visa types available, investors can choose the one that suits their investment criteria and objectives. 

However, navigating the application process and understanding the eligibility requirements can be complex. To ensure a smooth experience and expert guidance in property selection, consult the Purple Square Feet team, your trusted resource for real estate services in the UAE.