UAE has always been the most incredible destination for investors from all across the globe. It offers top-notch infrastructure, lucrative rental returns, and flexible visa rules for people interested in investing here. With a property visa, the prospect of living and investing in the UAE has become much simpler and more appealing. The UAE Government follows certain measures and implements various policies consistently to retain the confidence of investors and raise foreign direct investment.
Types of property visas in the UAE
Property visa is granted to investors in properties. The criteria for property visas are a minimum investment in any freehold property.
1. Investor Visa 5 Years
If you own a property worth AED 2 million, you are eligible for a 5-year residency visa in the UAE. 5 Years residency visa gives the owner the benefit of sponsoring the family and dependents as well. Out of all the visa initiatives, 5-year property visa UAE has drawn a lot of interest from investors around the world.
Requirements
- Minimum 2 million value property or owned share (one property or more) under the applicant name
- In case there is a mortgage, at least 2 million of property value must be paid to the bank. NOC letter in Arabic along with mortgage bank statement will require to proceed with visa application.
- Husband and wife can share in one property (legalized marriage certificate required).
2. Investor Visa 3 Years
Dubai Land Department issues 3-year property Visa UAE to those people who have invested in a property worth AED 750,000 or more in Dubai. With this Visa, the investor becomes a UAE resident and avail many perks that include sponsoring his/her family.
Requirements
- The minimum property value is AED 750,000
- In case there is a mortgage, 50 % of property value or at least AED 750,000 to be paid to the bank. NOC letter in Arabic along with mortgage bank statement will require to proceed with visa application.
- Husband and wife can Share in one property and the value of the property is 750,000 AED or more. (Marriage certificate attested required).
3. Retirement Visa 5 Years
Retired residents over the age of 55 can get a long-term residence visa for a period of 5 years.
Requirements
- The applicant must be 55 years old and above.
- Minimum 1 million (fully paid, not mortgaged) value property (one property or more) under the applicant’s name OR Deposit one million in any of the local banks for 3 years and bring a letter from the bank issued to the immigration that (the deposit cannot be released within 3 years).
- Husband and wife can share in one property (marriage certificate required).
4. Family Visa
Retired residents over the age of 55 can get a long-term residence visa for a period of 5 years.
Requirements
- Noc letter from the father, attested by the notary public (in case the mother is the sponsor).
- Daughter over 18 years old (Unmarried letter).
- Must Bring National ID for (IRAN – PAKISTAN – IRAQ – LIBYA – AFGHANISTAN).
- Original passport and Emirates ID
- Personal photo
- Health Insurance
- Marriage certificate attested
- Birth certificate attested
- IBAN bank account
- Son over 18 years old (Study certificate)
5. Parents Visa 1 Year
Residents can apply for parents visa.
Requirements
- National ID for (IRAN – PAKISTAN – IRAQ – LIBYA – AFGHANISTAN)
- Affidavit Certificate of dependency from the consulate attested
- Bank statement for the last 3 months
- Original passport and Emirates ID
- Personal photo
- Health Insurance
- Birth certificate attested
- IBAN bank account