The UAE is a perfect escape for non-nationals. Applying for a residence Visa by property investment seems to be the way to go. However, the process isn’t easy. With several types of residency visas, documents, fees and requirements, it can get confusing.
You should know all the details regarding the residency visa to make your way into the UAE and become a resident there.
Obtaining a UAE Residence Visa Through Property Investment
Investing in property in the UAE can be a pathway to securing a residence visa. Learn how your real estate investment can open doors to residency benefits and opportunities in this dynamic market.
Benefits of Being a Residency Visa Holder
While it can be difficult to get a visa by investment, it comes with its own set of benefits. Investing in property leads to a residency visa; here are some major advantages of being a residency visa holder:
- Bank Account Eligibility: You become eligible to open a bank account and can keep any amount in dollars or any other currency.
- Family Visa Eligibility: Holding a residency visa grants you the ability to sponsor an immediate family visa and bring them to the UAE.
- Being Able To Drive: After passing a basic exam, you become eligible to drive a car in the UAE.
- Esaad Privilege Card: You can also become eligible for an Esaad Privilege Card, which can get you ample medical and leisure discounts.
Types of Residency Visas Through Property Investment
There are several types of residency visas available. Getting a visa by investment is tough, but different visas exist to allow investors to eventually become residents in the UAE. Here are the different types of visas available.
5-Year Property Investor Visa
The 5-year property investor visa allows people looking to get a Dubai visa by property to get one after fulfilling the requirements.
Requirements
The requirements for the 5-year residency visa by property investment are listed as follows:
- Property value needs to be at least AED 5 million.
- The property needs to be retained for 3 years at least.
When it comes to the required documents, they are listed below:
- Previous visa
- Passport
- Property Title Deed
- Photo
- Conduct Certificate
- Your Utility bill
- Health insurance that has been approved
- Official bank statements
10 Year Golden Visa
The 10-year Golden Visa is reserved for investors who are looking to invest in property long-term. There are extremely specific rules that need to be followed to qualify for this visa.
Requirements
The requirements to get the 10-year UAE Visa by purchasing a house are here:
- Investment needs to be made of at least AED 10 Million
- You can be a partner in a company with shares worth AED 10 Million.
- Company owner with capital worth AED 10 Million.
Validity
The visa remains valid for 10 years and can be renewed as needed.
3-Year Investor Visa
The 3-year investor visa is perfect for people who aim to open a business in the UAE. You can invest in a mainland or free company.
Documents For Mainland Company
For a company, these are the documents that are required:
- Trade License
- Local service agreement
- Partners list
- Partnership contract
- Memorandum of Association
- Immigration Establishment card
For the investor, the documents needed are as follows:
- Passport
- Bank statement
- Emirates ID
- Visa (if applicable)
- Photo
Process of Applying For Residence Visa in UAE
There are a few documents that are required for the application process and they are mentioned here:
- Visa application form
- Entry Visa
- Passport
- Passport-sized photos (2)
- Financial statements
- Medical test
- Approved health insurance
- Sponsor’s legal residency proof (for certain conditions)
- Birth or marriage certificates (for certain conditions)
- Title Deed for properties
- Good conduct certificate (approved)
- Your utility bill
The application process following this can be done through the ICP official website or even through the ICP application for phones.
- The online application form needs to be filled out.
- Submit your documents
- Pay the required fees
- Wait for approval.
- Collect your visa.
Obtaining a Family Visa Through a Residency Visa
If you hold a residency visa, obtaining a family visa in the UAE is really easy. You can sponsor any immediate family member.
Documents Required
The documents that are required for a family visa are below:
- 6 month Bank statement (personal or company)
- Sponsor’s Emirates ID
- Passport copies (for family members)
- Trade License copy (coloured)
- Medical certificate (for family members)
- Utility Bills
- Passport-sized photos (white background)
- Marriage certificate
- The Memorandum & Articles of Association copy (for the investor’s company)
Rules And Regulations
To get the family visa, here are the rules that need to be followed:
- Sponsorer must be a UAE residence
- A tenancy contract is required for sponsorers (male)
- Health insurance needs to be valid
- For male sponsors, a salary of AED 4000 is required.
- For female sponsors, a salary of AED 4000 is required.
How To Apply For a Family Visa
There are different ways that you can apply for family sponsorship in UAE and get a family visa. The steps that need to be taken are as follows:
- An entry permit needs to be made.
- Documents need to be collected.
- The application process needs to be carried out.
There are a few websites that can help streamline the application process:
- The General Directorate of Residency and Foreigners Affairs (GDRFA) for Dubai.
- The TAMM website for Abu Dhabi
FAQs
In order to do a visa status check in UAE, follow the steps below:
– Go to the GDFRA website
– Go to the Residence Validity section
– Enter the required information
– Submit after fulfilling Captcha requirements
A freelance visa in Dubai is a type of visa that grants foreign nationals permission to stay in Dubai in their respective fields as a freelancer. You can get three types of freelance visas:
– Media Sector visa
– Education visas
– Design visas
That concludes the details of how to get a residency visa in UAE through property investment in the UAE. Know the required documents and legalities to stay there!
Keep reading Property Finder blogs to learn more about residing in the UAE!
