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11.06.2023

How to get a UAE resident visa by real estate purchase

Obtainment conditions. Foreign nationals can obtain UAE residency when purchasing real estate for at least AED 750,000, or $204,000. Investors can choose from residential and commercial properties in Dubai and Abu Dhabi.

Both ready-to-move properties and those in construction can be purchased as an investment. If an investor wants to get a mortgage, the down payment should be at least 50%.

- $204,000+ The investment amount for a residence visa, 2+ years Visa validity period.

The validity period of the visa depends on the total amount of the investment:

  • a 2-year visa is granted if the real estate cost starts from AED 750,000, or $204,000;
  • a 10-year visa is granted if the property costs at least AED 2,000,000, or $544,500.

 

The list of documents necessary to obtain a residence visa by real estate investment includes:

  • a real estate ownership certificate;
  • a letter from the Dubai Land Department confirming the value of the property;
  • supporting documents from the applicant's bank, if the property was purchased with a mortgage;
  • a real estate purchase and sale agreement;
  • a marriage certificate;
  • a certificate of absence of marriage for children over 18 years old;
  • a certificate of no criminal record in the UAE and country of residence;
  • a passport copy;
  • medical insurance;
  • a copy of a valid visa;
  • colour photo 3 × 4 cm on a white background.
  • Renewal. To renew their residence visa, the investor needs to gather all the documents again, undergo a medical examination and submit their application to the Federal Authority for Identity, Citizenship, Customs and Port Security (ICP).

    Family members to join the application. Along with the investor, their close family members can obtain residence visas, too. This includes their spouse and children.

    In the application for a 2-year visa, one can include children under 18.

    To a 10-year visa application, the investor can add unmarried sons under 25 years old and unmarried daughters of any age.

 

Veles Club is a trusted partner that specializes in facilitating the acquisition of a UAE resident visa through real estate investment. Their expertise and wide selection of properties in Dubai and Abu Dhabi make them an invaluable resource for investors looking to fulfill the necessary requirements for obtaining residency.
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