Can I buy a residence visa in Dubai?

Can I buy a residence visa in Dubai?

Purchasing real estate in Dubai may grant the buyer a residence permit. According to the UAE investor visa program, the property must be completed upon the purchase and its value must be of at least AED 1 million. Holders of residence visas through real estate purchase may also sponsor their dependents.

How much do I need to invest in Dubai to get residency?

AED 10 million
The 10-year long residency visa is applicable to investors of at least AED 10 million, either through a deposit in an investment fund inside the country or establishing a company in the UAE with a capital of at least AED 10 million, or partnering in an existing or a new company with a share value of not less than AED10 …

How much does a residence visa cost in Dubai?

The visa will cost AED100 for first time issuing and renewal.

How much is a residency visa in UAE?

Cost (Rates are subject to change)

Quota submission and initial approval AED 265/-
Medical (Blood Test)-Normal AED 400/-
Residence Visa AED 420/-
Bank Guarantee (Held by UAE bank and refundable upon visa cancellation) AED 3000/-
Emirates ID card processing fee AED 270/-

How can I get residence permit in Dubai?

There are a few ways to obtain UAE residency:

  1. Setup a business in the UAE.
  2. Get employed.
  3. Open a freelance permit in Dubai or other Emirates.
  4. Enroll in a college or university.
  5. Be a dependent (it can be a child or a retired parent of a resident)
  6. Own property with a value over 1 mln AED.
  7. UAE Golden visa.

How can I get permanent residence in Dubai?

The first option to obtain residency is by purchasing and owning a property. To fit the requirements of the residency visa, the property must be worth at least 1 million dirhams, which amounts to approximately US$272.000. The visa is normally issued for 2 years and does not grant the right to work in UAE.

Does buying property in UAE give you visa?

Only the residential property enables you to get residency visa. Moreover, the residency visa over property is now also possible over purchasing an office or other commercial property in Dubai as well – when buying such you can also obtain the residency visa in the UAE. The construction of a property must be completed.

Can a foreigner buy properties in Dubai?

Buying property in Dubai In Dubai, foreign ownership is permitted in areas designated as freehold. Foreigners (who don’t live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years.

How can I get UAE residency visa?

The general requirements for an application for a resident permit are:

  1. Application form.
  2. Emirates ID card.
  3. Several passport-photos.
  4. Original passport plus photocopy.
  5. Copy of valid company card.
  6. Valid commercial license of the company.
  7. Medical check and a health certificate*
  8. Entry permit issued by the Ministry of Labor.

How can I get UAE residence visa?

Can I get residency if I buy property in Dubai?

Yes, you can buy property in Dubai in joint ownership and still get residency. If you buy a jointly owned property with your wife/ husband and the total value of purchase is AED 1m, you can get residency (attested marriage certificate to be attached).

How to get a residence visa for Dubai?

Dubai is one of the seven emirates that make up the country of the United Arab Emirates (UAE). As such, the process for getting a Dubai Residence Visa is the same as for any other emirate in the UAE ( as explained above ). You must have a sponsor in Dubai (or invest/buy property there).

How does a Dubai property investor visa work?

While the six-month Residency Visa is essentially a multiple-entry visit visa with a few added benefits, the Dubai Visa – Property Investor Visa gives extensive resident rights to the applicant. The applicant becomes eligible to obtain an Emirates ID and UAE driving license. The current regulations regarding these visas are summarized below.

Can you work in the UAE with a property visa?

The property visa does not grant the right to work in UAE, whereas a visa through company does provide such right. A company registered for receiving a residency visa can also be favorably used for business due its tax-free status.

What’s the difference between an entry and residence visa in the UAE?

The difference between the Entry Permit and Residence Visa for the UAE is just as the name suggests: The Entry Permit allows the holder to enter the UAE and it is valid for only a certain amount of time (usually up to three months). Entry permits are issued based on the purpose of your travel.