Dubai

Golden Visa (Investment Visa) Dubai

The Golden visa is a long-term residence visa which are for investors, entrepreneurs, scientists, professionals and exceptional talent. You may purchase real estate in the UAE for AED 2 million ($545,000) to get a 10-year Golden Visa. The investment must be in a single residential property and not in commercial properties. Additionally, the visa is applicable to freehold residential properties only, and it is not possible to apply for this visa with an off-plan property.

This initial visa is granted for a period of 3 years if it has been processed in the UK. It can vary depending on the country its processed. It is only applicable to those applicants from outside the European Economic Area and Switzerland. You can renew the visa for a 2 year extension period provided that you meet the eligibility criteria.

In order to become a UK resident, you would need to speak basic English, demonstrate your education and experience and meet other criteria of UK immigration authorities.

Investors and their families may move to the UAE, one of the wealthiest and most developed countries in the world. They can also visit the country anytime they wish. Residing in the UAE is not mandatory; however, investors with a residency visa may visit UAE once or twice a year to maintain their status.

Benefits of getting a Dubai (UAE) Golden Visa

• Move to the UAE and create a safe haven.
• Tax optimization as income, capital gains, inheritance, gifts and properties are exempt from taxation in the UAE.
• Opening a bank account in the UAE. As an investor with a residence permit, you may open accounts in UAE banks in dollars, euros, dirhams or other currencies of your choice.
• Obtain a driver's license. Once you become a resident of Dubai, UAE, you need to obtain a UAE driver’s license to drive a car there. Usually, it involves passing an exam; however, citizens of the US, the UK, Germany, Australia, Turkey, India, Spain and some other countries may just exchange their licenses.
• Access to the UAE healthcare and educational systems. Foreigners with UAE residency visas can be treated in the country's clinics. Moreover, the country is a world medical tourism center; specialists in dentistry, orthopedics, dermatology and reproduction are in great demand.
• Opportunity to get permanent UAE citizenship: - Foreigners have the option to apply for UAE citizenship by naturalization after living in the country for 30 years. However, exceptions may be for some persons, and they may be granted citizenship for their exceptional services.

Requirement for Dubai (UAE) Golden Visa

• You may have a minimum of AED 2 million in property value or own shared (one property or more) under your name.
• If your property is obtained through a mortgage, a NOC letter from the bank to issue a visa on the property, which also shows the paid and remaining amounts.

Minimum Investment Amount

To qualify for a UAE (Dubai) Golden Visa, you will need to have invested AED 2 million and above.

Processing Time

The majority of Golden Visa applications take a minimum of 2-4 weeks to get processed.

Real Estate in Dubai (UAE)

The UAE's economy is thought to be based mostly on real estate. Dubai, which is home to enormous buildings and architectural marvels, has developed into the city's main commercial hub. The demand for real estate has surged as a result of people traveling to Dubai for work and business.

Real estate investors from around the world are drawn to Dubai as property values rise in tandem with demand. There are numerous less-publicized aspects of the Dubai real estate market that make the city worthwhile to invest in, in addition to the market's favorable pricing and demand.

Are there any restrictions on the acquisition of real estate in the country by foreign buyers?

Foreigners are permitted to own property in Dubai's designated zones, also referred to as the city's "freehold districts." But investors will discover that these freehold neighborhoods are among the most sought-after ones in the emirate, and they provide a wide range of property types such as apartments, duplexes, lofts, hotel apartments, villas and townhouses.

What additional expenses will the real estate transaction incur?

As an overseas investor, you may need to pay Dubai Land Department fees, property registration fees, and service fees.

What kind of rental yield can be expected from Property Investment in Dubai (UAE)?

After the purchase, you will begin to receive real profit (after you have reached the payback threshold). For instance, Dubai, the most well-liked emirate in the UAE among tenants, has a return on investment for real estate of roughly 5-8%.