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Residency visa in Dubai through a property purchase

Each year Dubai attracts a significant amount of foreign investment each year. International investors are able to purchase property in the UAE relatively easily, making it a competitive option for those who want to spread risk by purchasing in places other than their home country. Many of those who invest here are also interested in the added benefit of being able to apply for a residency visa. The below rules and regulation by the Dubai Land Department gives investors the following options.

5 YEAR VISA

Eligibility:

  1. Minimum 5 million (fully paid, not mortgaged) worth property (more than one property also will accept) under the applicant name.
  2. The person must be inside UAE.

Steps of Procedure:

  1. Medical fitness test.
  2. Hold the family visa/Cancel the family visa.
  3. Cancel the visa for the applicant.
  4. Visa Stamping (For 5 Years).
  5. Emirates ID (For 5 Years).
  6. Un hold visa for Family.

Requirements:

  1. Title Deed
  2. Passport
  3. Old Emirates ID
  4. Photograph
  5. Health Insurance

Fees:

  1. Medical (VIP) – AED 753
  2. Emirates ID (5 YEARS) – AED 572.50
  3. New visa (5 Years) – AED 888.75
  4. Management Fees – 100 AED

Total – AED 2314.25

File Opening for Dependent Visa – AED 318.75

Note: The fees doesn’t include health insurance.

Email: dld-taskeen@dubailand.gov.ae

Tel: +971 4 2030668

RETIREMENT VISA

Eligibility:

  1. Minimum 2 million (fully paid, not mortgaged) worth property (more than one property also will accept) under the applicant name.
  2. The applicant must be 55 years old and above.
  3. The person must be inside UAE.

Steps of Procedure:

  1. Medical fitness test.
  2. Hold the family visa/Cancel the family visa.
  3. Cancel the visa for the applicant.
  4. Visa Stamping (For 5 Years).
  5. Emirates ID (For 5 Years).
  6. Un hold visa for Family.

Requirements:

  1. Title Deed
  2. Passport
  3. Old Emirates ID
  4. Photograph
  5. Health Insurance

Fees:

  1. Medical (VIP) – AED 753
  2. Emirates ID (5 YEARS) – AED 572.50
  3. New visa (5 Years) – AED 888.75
  4. Management Fees – 100 AED

Total – AED 2314.25

File Opening for Dependent Visa – AED 318.75

Note: The fees doesn’t include health insurance.

Email: dld-taskeen@dubailand.gov.ae

Tel: +971 4 2030668

Photo Credit: David Rodrigo on Unsplash

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