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Resident visa for the purchase of real estate

lifestyle

real estate

Visas

In this article:

Obtaining a visa

DOCUMENT PACKAGE

INVESTMENT AND PERIOD OF VALIDITY

A golden visa is a visa that can be obtained in the UAE. Its key difference from the usual visa is an unlimited period of stay outside the UAE (regular visa shall be terminated if a resident has not visited the Emirates for 6 months).

Purchase of real estate is one of the ways to obtain a resident visa.

01

Investment and period of validity

UAE law does not contain the concepts of residency or permanent residence; instead, foreigners have the right to reside in the country as a resident through a residence visa. The residency visa is granted for a period of 6 months to 10 years, after which it can be renewed several times.

For the purchase of real estate worth more than AED 750,000 (about 204,000 USD) visa is issued for 3 years. Buyers of real estate of 2,000,000 AED (about 545,000 USD) will be granted a visa for 10 years and will be granted "golden" status.

02

The procedure for obtaining a visa for the purchase of real estate

1

Buying a constructed property

You should buy a constructed property for AED 750,000 or more. A mortgage is also possible and you may qualify for a visa if the down payment is at least the same AED750,000 and the down payment is 50% of the total value. The total value of multiple properties is taken into account.

2

Property registration

Register the property with the Land Department of the Emirate where the property is purchased and obtain a certificate of ownership.

3

No offence certificate

Issue a No Offence Certificate from the UAE Police.

4

Medical Check-Up

Get a medical check-up at a certified medical centre in the UAE to confirm you have no serious infectious diseases. Get a blood test for HIV and a chest x-ray for tuberculosis.

5

Biometrics

Take fingerprints, a biometric photo and submit your original passport at one of the government centres in Dubai.

6

Resident Visa Application

Apply for residence visa online or offline. You can apply for it at:

GDRFA (General Directorate of Residency & Foreigners Affairs) online or offline, GDRFA — Dubai.
ICA (Federal Authority for Identity & Citizenship) (only when applying for a gold visa).
Amer centres through which visas and entry permits are issued, Amer — Dubai.

7

Obtaining a visa

Obtain an Emirates ID from the ICA, if necessary arranging a visa for family members.

How to process the purchase of a property?

How to lease a property?

READ IN THE KNOWLEDGE BASE:

Article

03

You need to prepare the following package of documents in order to obtain a residence visa: