Dubai Property Investor Visa
Three Year Residency Visa
To apply for a three year residency visa through property, you must:
1- Own a property which is completed and handed over to you
2- Own a property which is worth a minimum of one million Dirhams (net of closing costs)
If the visa application is processed a few months after the purchase of the property an independent valuation will be required for the property to demonstrate its value of at least AED one million. This valuation will take into account the last ten transactions within the previous 3 years as well as current property listings and the condition of the property.
Five Year Residency Visa
This is a new option available in Dubai for investors who invest AED 5 million or above, to be granted a 5-year visa. To qualify for the five year residency visa, the property must be maintained for at least three years. The AED 5 million may be spread across three properties.
The United Arab Emirates announced this visa for those above the age of 55 who wish to retire in the beautiful city of Dubai. It is applicable to those who invest AED 2 million or have savings of 1 million plus a monthly income of at least AED 20,000.
Some additional documents required:
- Your passport copy
- The title deed of the property
- 6 passport size photos
- Current visa\status copy
- Bank statements
- Certificate of good conduct from the Dubai Police
- Health\Medical insurance
- Utility bill