Dubai, a global centre for business and leisure, allows investors to visit and reside in the metropolis. The Dubai Land Department’s Taskeen services offer real estate investors a pathway to obtain a renewable two-year residency permit. This allows them to experience Dubai’s vibrant lifestyle and rich culture. Let’s hop on to learn more about DLD Taskeen services for investor residence applications.
What Is Taskeen?
Taskeen is DLD’s initiative designed to facilitate real estate investors’ obtaining residency permits. If you buy a property in Dubai, valued at AED 750,000 or more, you can apply for a two-year renewable residence permit. This opportunity extends to the investor’s family, allowing spouses and children to enjoy the benefits of living in Dubai.
How to Apply for Investor Residence by Taskeen
Although the process for applying for investor residence with Taskeen is straightforward, it requires careful attention to detail and documentation. Here is a breakdown of how to apply for investor residence with DLD Taskeen services.
Procedure
The process to apply for Taskeen service is straightforward. Follow these quick steps to apply for investor residence in Dubai.
- Visit Al Manara Centre – Taskeen Residency in Dubai to submit your application.
- Make sure you have gathered all the required documents, submit them with your application, and pay the service fee.
- Next, your medical exam will be conducted at the centre.
- Once your application gets approved, you’ll get a residence permit via email.
Documents Required
The documents required for DLD Taskeen service of investor residence application are:
- Applicant’s passport
- Title deed / e-certificate of title
- Applicant’s photograph
- Health insurance
- Emirates ID (if applicable)
- Copy of current residence or entry visa (if applicable)
- Good Conduct Certificate issued by the emirate and addressed to DLD
Service Fees
The service fees for investor residence applications are tabulated below:
| Application Type | Duration | Fee |
| Investor residence | 2 years | AED 9912.50 |
| Family residency permit | 2 years | AED 7,082.25 – For the wife AED 6,382.25 – For children under 18 years oldAED 7,082.25 – For a daughter over 18 years oldAED 6,701 – For a son over 18 years old for one year onlyAED 7,082.25 – For the husband for two years |
| Parent residence | 1 year | AED 8,882.25 for one year onlyAED 318.75 for opening a sponsorship file for the family |
Service Terms
Here’s what you need to know about the terms and conditions when applying for the investor residence with Taskeen.
For Investors
- The property must be valued at a minimum of AED 750,000.
- If the property is mortgaged, 50% of its value must be paid off, or at least AED 750,000 should be settled. A No Objection Certificate (NOC) from the bank is also required.
- A husband and wife can jointly own a property. The combined value must meet or exceed AED 750,000. A certified marriage contract is necessary.
For a Family Residency Permit
For families, obtaining residency permits involves additional steps:
- If the mother sponsors the family, a notarised letter from the father is needed
- For daughters over 18, proof of marital status is required
- Copies and originals of the sponsor’s identification, ID, and passport
- Recent photos and insurance coverage are mandatory
- Marriage contracts and birth certificates must be certified
- IBAN is required for banking purposes
For Parent’s Residence Permit
When applying for a Parents Residence Permit, make sure to fulfil these terms and documents should be submitted:
- Original ID and passport of the sponsor
- Consulate-certified dependency certificate
- Personal photos and health insurance
- Bank statement of sponsor for the last three months
- Certified birth certificate
- IBAN
Please note that only the applicant must be available to apply; escorts and representatives are prohibited. Moreover, required documents, such as birth or marriage certificates and bank letters, should be uploaded to the DLD’s document storage space.
Service Channels
You can apply for the DLD Taskeen service by visiting Taskeen Residency at Cube.
- Address: Taskeen Residency, Al Manara Centre, Sheikh Zayed Road, Dubai, UAE
- Contact: 800 900
- Timings: Monday to Thursday: 8:00 am to 2:30 pm | Friday: 8:00 am to 11:30 am | Closed on Saturday and Sunday
Residency Status
The residency status required for the investor residence application by DLD Taskeen is as follows:
- Visiting foreign investor
- Resident foriegn investor
Payment Method
Payment methods can be:
- Bank transfer
- Credit card
- Cash
Third Parties
The third parties or partners involved in the process are:
- Federal Authority for Identity and Citizenship
- Insurance companies
- Dubai Police
- Dubai Health Authority (DHA)
Service Time
The service time is 7 to 10 working days
FAQs
To apply for a family visa in the UAE, you must first secure an entry permit. For that, you must submit the required documents, undergo a medical test and pay the fees. After approval, you can collect the visa from the immigration office.
An Investment Visa in Dubai allows individuals to reside in the city and invest in property, start a business, or pursue other investment opportunities.
That is all about the DLD Taskeen service for investor residence permits in Dubai. If you are looking for real estate investment opportunities, browse these new projects in Dubai and continue reading Property Finder blogs.
