The United Arab Emirates has successfully established itself as a desirable location for enterprises, investors, and entrepreneurs. People from all over the world consider the UAE to be the best place to live because of the abundance of work possibilities, effective law enforcement, and contemporary infrastructure. As a result, numerous businesses and investors desire to relocate to the UAE. The government has developed a number of initiatives to assist interested people in obtaining residency in the UAE through financial investments. The UAE property investor visa is one such well-liked strategy.
All About the UAE Property Investor Visa
With a special investment-driven visa programme that enables people to live legally in the nation and have fulfilling lives, Dubai and the other emirates promote foreign investment. In this manner, investors can create a secure future for their family and experience the success of their companies.
The list of UAE residency programmes requiring investment includes joining forces in businesses, demonstrating exceptional talent in a certain sector, or purchasing real estate for a fixed amount.
There are various choices for UAE real estate investor visas. You have the Taskeen Program, for properties in Dubai, as an example. Similarly, there is the Thrive in Abu Dhabi programme if you’re interested in purchasing real estate in the city.
Investing in real estate might get you a UAE Golden Visa, which draws a lot of interest. Some investors are thinking about applying for a “Retirement Visa,” which also entails investing in real estate.
Also Read: What is the process for obtaining a Golden Visa in the UAE?
Making Investments in Dubai
Are you trying to purchase a home in Dubai? Some excellent chances are provided via the Taskeen programme.
For a 3-year renewable residency visa under the Taskeen Programme, you must purchase a home valued (at least) AED 750,000. Additionally, the main applicant may sponsor their spouse and children.
You’ll need your passport, a current photo, and an electronic copy of the title deed certificate to apply for this UAE property investment visa.
For properties with mortgages, the bank must receive 50% of the property’s value, or at least AED 750,000. Only when purchasing a residential property in one of Dubai’s authorized freehold neighbourhoods is it possible to obtain this visa. Please be aware that this programme does not apply to off-plan or commercial properties.
To move forward with the application, a NOC letter in Arabic and the mortgage statement are needed. A legally wed couple may co-own a home worth at least AED 750,000. (an attested marriage certificate is needed in this case). If the application is made on someone else’s behalf, a POA is necessary.
The cost of processing is AED 14,967. (subject to change). On the Dubai REST app, applications can be submitted.
Investments in Abu Dhabi
Are you considering investing in real estate in Abu Dhabi? Here is all the information you require on the Thrive in Abu Dhabi programme.
Thrive in Abu Dhabi
Real estate investors who purchase a home for AED 2 million or more are qualified for up to a 10-year visa as part of the Thrive in Abu Dhabi programme. Mortgage homes demand a minimum retention period of two years and a down payment of AED 2 million.
Investors who want to move to the UAE can also consider these options.
Real estate investors frequently choose to apply for a Golden Investor Visa in Abu Dhabi. By making a minimum AED 2 million investment in real estate, you can obtain a 5-year UAE resident visa. The cash you invest, however, cannot be financed by a loan. Additionally, the asset must be kept for a minimum of three years.
People with a UAE property investment visa cannot work there, not even those who are sponsored by the visa holder. If you do manage to land a job, the company will need to sponsor you for a new visa before you can begin working.
You could benefit from building a diverse investment portfolio in order to obtain a 10-year UAE resident permit. Investors must invest at least 10 million AED. However, only a maximum of 40% can be used to purchase real estate; the remaining funds must be allocated to other ventures. Three different properties can be purchased with a portion of the real estate investment. To make the process easier, six-month multiple-entry visas are given.
A special portal for Golden Visa applications has been developed by the Federal Authority for Identity and Citizenship. Additionally, Typing Centers and Amer Centers both accept applications for a long-term Golden Visa (in Dubai).
A successful property investment may also qualify older individuals (55+) for a UAE property investor visa. Applicants must provide at least AED 2 million. Additionally, the candidate must have AED 1 million in savings and AED 20,000 in active monthly income. Retirement visas are valid for five years.