How Much Property Value Is Required for a UAE Golden Visa?

To qualify for a UAE Golden Visa, you must invest in property with a minimum value of AED 2 million. It's crucial that this investment is authenticated, especially if your property is in Dubai, through the Dubai Land Department.

Full ownership is required, and any mortgage arrangements should be from approved local banks. You can combine various properties to meet the threshold, but joint ownership demands each party contribute at least AED 2 million.

Maintaining the property for two years is necessary. Detailed documentation and financial proof are essential for a successful application process, indicating that there's more to understand.

Key Takeaways

• The total property investment must be at least 2 million AED to qualify for a UAE Golden Visa.
• Properties must be verified by the Dubai Land Department if located in Dubai.
• Eligible property types include residential and commercial properties within the UAE.
• Joint ownership is allowed, provided each individual's share is at least 2 million AED.
• The property must be owned for a minimum of two years to maintain eligibility.

Minimum Property Value

To qualify for a UAE Golden Visa, ensure your property investments total at least 2 million AED. This can be one property or a combination. The Dubai Land Department (DLD) must verify the property's value if in Dubai. For Indians, purchasing property in Dubai's freehold areas offers full ownership rights, making it a favorable option for meeting investment criteria. The prior 50% down payment requirement has been removed. Aimed at attracting foreign investment in real estate, the Golden Visa offers long-term security for investors. If using mortgage financing, it must be through an approved local bank with a No Objection Certificate (NOC). An official evaluation certificate from the DLD is required to confirm the property's value. Ensure your property title deeds match your passport name.

Eligible Property Types

To qualify for a UAE Golden Visa, properties must be in the UAE and valued over AED 2 million. Eligible types include residential properties like apartments, villas, and townhouses, as well as commercial spaces such as offices and retail areas. You can purchase outright or with a mortgage, and combine multiple properties to meet the threshold. Joint ownership is allowed if your share is at least AED 2 million. The UAE Golden Visa offers long-term residency to investors, enhancing the nation's economy and societal contributions. Ensure the property is in your name on the title deed, its value is officially evaluated, and it must be retained for at least two years.

Required Documentation

To secure a UAE Golden Visa, you must present comprehensive documentation proving your eligibility. This includes property ownership documents with a title deed showing property value over AED 2 million and an official evaluation certificate from the land department. Essential personal documents are a passport copy, Emirates ID, and digital photo. Financial documents should demonstrate stability, including a salary certificate, bank statements, and proof of sole ownership of invested capital. If applicable, include a letter from the Federal Tax Authority. Additional required documents include a clean criminal record, marriage certificate, and health insurance. Ensuring all paperwork is complete and accurate is crucial for a successful application. The Golden Visa allows property investors to sponsor their family members, including spouses, children, parents, and dependents, providing a stable environment for the whole family.

Mortgage Options

When considering mortgage options for a UAE Golden Visa, flexibility and specific criteria are crucial. The UAE Golden Visa is a long-term residence visa designed for exceptional talents, investors, entrepreneurs, scientists, top students, and humanitarian pioneers. You can finance your property without a minimum down payment, but must use approved UAE-based banks. The previous 50% down payment requirement has been eliminated. Ensure your property isn't tied to loans from non-UAE banks, as this affects eligibility. Joint ownership is allowed if your share is at least AED 2 million. Whether buying residential, commercial, or land, the total property value must be AED 2 million to qualify for the Golden Visa.

Application Process

To navigate the UAE Golden Visa application process, follow these steps and meet all requirements:

Submit your application to either the Federal Authority for Identity and Citizenship or the General Directorate of Residency and Foreigners Affairs.

Provide necessary documents such as a title deed, evaluation certificate, valid passport copy, and a clean criminal record.

Demonstrate financial stability, possibly with a salary certificate, and secure UAE health insurance.

An Emirates ID is essential, and you must be physically present in the UAE during the process.

For sponsoring family, include marriage and birth certificates.

Compliance with UAE labor laws is crucial if employed.

Frequently Asked Questions

Can Family Members Be Included in the Golden Visa Application?

Yes, you can include family members in your UAE Golden Visa application. Eligible members are spouses, children up to 25, newborns, and elderly parents. Verify you have a valid residency visa and meet salary criteria.

Is the Golden Visa Applicable for Properties Outside of Dubai?

Yes, you can apply for a UAE Golden Visa with properties outside Dubai. Verify the property meets valuation criteria and check specific emirate requirements, as they might vary. For instance, Abu Dhabi requires a stable monthly income.

How Long Is the UAE Golden Visa Valid For?

The UAE Golden Visa is valid for 10 years. You must renew it after this period, maintaining your investment. Confirm you meet eligibility criteria and retain your property for at least two years post-issuance for renewal.

Are There Any Restrictions on the Type of Property Purchased?

You can purchase residential or commercial properties, including ready and off-plan. Joint ownership is allowed, provided each share meets the investment threshold. Verify properties are wholly owned or meet joint criteria for Golden Visa eligibility.

What Are the Benefits of Obtaining a UAE Golden Visa?

You'll enjoy living, working, and studying in the UAE without employer sponsorship. Sponsor family and domestic helpers effortlessly. Benefit from tax advantages, banking perks, and healthcare access. Enjoy mortgage reductions, property discounts, and multiple-entry visas.

Conclusion

To secure a UAE Golden Visa through property investment, ensure your property's value meets the minimum threshold, typically AED 2 million. Eligible properties must be completed and residential.

Gather necessary documents, including title deeds and proof of ownership, to streamline the process. If considering a mortgage, verify that it aligns with visa requirements.

Approach the application process methodically, guaranteeing all criteria are met. This strategic investment can pave the way for long-term residency benefits.