Dubai Property Visa Guide

Do you imagine yourself relaxing in the sunlight and experiencing Dubai’s culture? Perhaps the idea of owning a property in Dubai and obtaining a residency visa evokes a thrilling interest. If so, the Dubai property visa might be your golden ticket. 

Table of Contents

• Criteria for Obtaining a Dubai Property Visa
  1. Ownership of Property
  2. Minimum Income Requirement
  3. Proof of Insurance
• Steps to Apply for a Dubai Property Visa
  1. Invest in Property
  2. Apply for Residency
  3. Submission of Application
  4. Human Trafficking and Pornography
  5. Obtain a Trade License
  6. Apply for the Dubai Property Visa
• Documents Required for a Dubai Property Visa
• Types of Dubai Property Visas
  1. 3 Year Residence Visa
  2. 6 Month Multi Entry Visa
  3. 5 Year Long Term Residence Visa
  4. 10 Year Long Term Residence Visa

This guide explains the details of obtaining a Dubai property visa, including requirements. Read below to understand more -

Criteria for Obtaining a Dubai Property Visa 

For securing a property visa in Dubai, the applicant must be deemed eligible. Check the eligibility criteria below -

1. Ownership of Property

The applicant must own either a residential or commercial property. The purchase price of the property should be 1,000,000 AED or more. If the applicant has various properties worth more than one million AED, then their visa qualifies as a property visa. 

Properties that are allowed under the investor visa are -

• Mortgaged property worth 1,000,000 with a NOC from the bank
• Residential apartments
• Service apartments
• Hotel apartments
• Warehouses
• Townhouses
• Offices
• Villas

2. Minimum Income Requirement

The applicant must earn a minimum of 10,000 AED or the equivalent monthly. The income can be generated within the emirate or outside. Valid bank statements can be presented as proof of income.

3. Proof of Insurance

Certain visa categories in the UAE require the applicant to have health insurance before entering the country.

Steps to Apply for a Dubai Property Visa -

Follow the steps mentioned below to secure a Dubai Property Investor Visa -

1. Invest in Property

Buy a property that is eligible to obtain a property visa in Dubai. The chosen property needs to meet the criteria set by the Dubai Land Department (DLD). 

2. Apply for Residency

After purchasing the property, apply for the Dubai property visa. The application process can be conducted by the developer or the Dubai Land Department’s residency department.

3. Submission of Application

The applicant must submit the required documents to the relevant authorities. They can be submitted either at the developer's office or the DLD residency department. 

4. Secure a Certificate of Good Conduct 

According to DLD’s rules, the applicant must obtain a certificate of good conduct from the Dubai police. This certificate states that the applicant is not involved in any criminal activities. 

5. Obtain a Trade License

Approach the Department of Economic Development in Dubai (DED) to apply for a trade license. Submit the necessary documents along with the application form. 

6. Apply for the Dubai Property Visa

Once the above steps are completed, apply for a visa in the UAE. After securing the visa you can apply for a residency visa for your family under your sponsorship in the Emirates. 

Documents Required for a Dubai Property Visa 

Acquiring a visa requires the applicant to submit certain legal documents. The list of documents is given below - 

• Passport copies
• Health insurance
• Proof of Finances
• Original Title Deed/s
• NOC from developer
• Visa application form
• Emirates ID application
• Certificate of Good Conduct
• Passport size photographs

Types of Dubai Property Visas

Dubai offers four types of property visas to people wanting to settle in the emirate. Read below to understand them. 

1. 3 Year Residence Visa

The DLD issues a three-year residence visa for applicants with invested in property valued at over 1 million AED. Through this visa, the applicant is eligible for -

• Emirates ID
• Driving License
• Family Sponsorship

2. 6 Month Multi Entry Visa

The 6-Month Multi-Entry Visa is similar to a tourist visa. The visa holder can enter the Emirates multiple times over six months. The eligibility criteria for this visa is that the applicant must have property worth over 1 million AED in any Emirate. 

3. 5 Year Long Term Residence Visa

The 5-Year Long-Term Residence Visa applies to anyone with property worth over 5 million AED. The property must be retained for a minimum of three years. 

4. 10 Year Long Term Residence Visa

The 10-year Long-term Term Residence Visa is for those with a minimum investment of 10 million AED, 40% of which should be done in real estate. The investor must prove that the amount invested is not loaned and will be retained for at least three years. 

Understanding the Dubai property visa process needs plenty of attention to detail and fulfilment of requirements set by the authority. The growing real estate environment in Dubai offers a variety of investment chances for investors to secure a Dubai property investor visa. 

The applicant needs to follow the process thoroughly and diligently. Take the help of business consultants from Commitbiz to guide you through this process. Reach out to us in case of any queries.