What if buying property could get you a 10-year visa in a country? That’s what Golden Visa property investment lets you do in the UAE.
Safety, tax efficiency, world-class infrastructure, and a booming economy make the UAE the best place for property investors to diversify their portfolio. However, there are various criteria to benefit from the UAE Golden Visa property investment.
In this post, we will walk you through the eligibility criteria and application process to get the Golden Visa through a real estate investment.
What Is The Golden Visa On 2 Million Property?
Golden Visa in the UAE is a long-term residence visa offered to those who want to sponsor their own visa without relying on other sponsors. It is offered for 5 categories of people, including investors, entrepreneurs, exceptional talents, outstanding students, and frontline heroes.
Investors often choose to invest in real estate property to achieve the 10-year visa. The Golden Visa investment property should be valued at AED 2 million. It could be a single or multiple properties owned or mortgaged by the visa applicant.
The UAE has high value properties making it a perfect market for real estate investors. The property-based golden visa also has various benefits including sponsorship for family and domestic staff.
However, if real estate isn’t your primary choice of investment, you can also explore other investment options for the UAE Golden Visa. A few options are investing in a local business or starting your own company.
Eligibility Of Golden Visa Property Investment
Before applying for the visa, it is important to check eligibility requirements for a smooth process.
Any foreign national can apply for the Golden Visa on a 2 Million Property investment, whether they live in the UAE or abroad. They can renew their Golden Visa if their property value meets the 2 million threshold.
Which properties are considered for the UAE Golden Visa through property?
- The property should be ready for use or off-plan.
- Your property (single or combined) should have a minimum value of AED 2 million.
- The property deed with your name should be registered with the dedicated government authority of the emirate.
- If the property has multiple partners, your share should meet the minimum threshold amount.
- The purchase value on the deed is considered for a golden visa.
- Mortgaged property is also considered for a golden visa. However, the minimum value of mortgage paid to receive a visa varies for each emirate.
Golden Visa Vs. Property Investor Visa: What Is The Difference
There are two options to obtain a visa through the property route: Golden Visa 2-year Investor Visa.
While both visas allow you to stay and benefit from UAE infrastructure, their eligibility and validity vary. Understanding those differences is important to make the right decision based on your budget.
The following is a comparison table to understand these two property-based visas in the UAE.
| Golden Visa | Property Investor Visa | |
| Validity | 5 or 10 years | 2 years |
| Minimum investment required | AED 2 Million per investor | Solo owner: No Minimum value |
| Staying outside UAE | Can stay outside for more than 6 months | Can’t stay outside of the UAE for more than 6 months |
| Sponsorship | Family and domestic help | Spouse and children |
Step-By-Step Process To Get Golden Visa Through Property Investment
Once you confirm the eligibility, the process to get a UAE Golden Visa through property investment is easier. Here’s a step-by-step breakdown of the application process:
Purchase Qualifying Property & Obtain Title Deed
The first step in the process is to own a legally recognized property. When purchasing the property, ensure that it is in a designated area under the DLD or relevant emirate authority. The purchase process should be completed from the owner’s side, and you must receive the official title deed with your name.
For off-plan properties, your Sale and Purchase Agreement (SPA) along with official payment receipts will serve as preliminary proof while the Title Deed is being issued upon handover.
If it is a mortgaged property then you should also submit necessary slips and a NOC from the lenders. Look for a bank or lender recognized by the emirate authority.
Get Property Valuation
You will need to provide a certified property valuation to show your investment is at least AED 2 million. A company approved by the UAE government will carry out the valuation. The valuation certificate should mention the market value of the property on the date of purchase. The aggregate value of the properties should be above the AED 2 million threshold for multiple properties.
Apply For Golden Visa
Once you have the valuation certificate you can then apply for the Golden Visa through the General Directorate of Residency and Foreigners Affairs (GDRFA) in your emirate or the online portal of Federal Authority for Identity, Citizenship, Customs & Port Security (ICP).
The following is the list of required documents for a Golden Visa application:
- Passport copy
- Passport-Sized Photos
- Title Deed Or Oqood
- Current UAE Visa Copy (If Applicable)
- Emirates ID (for residents)
- Health insurance
- Property Valuation (if required)
- Mortgage NOC (if applicable)
Complete Medical Fitness Test And Biometrics Submission
Once the initial application is reviewed and conditionally approved, you will be required to complete a medical fitness test at a UAE Ministry of Health-approved medical centre. You also need to submit your biometrics for your Emirates ID at an authorised ICA service centre. This process takes 1-3 days.
Receive Your Golden Visa
Once the above steps have been completed and approved you will be issued your 10-year Golden Visa. Then you can sponsor the visa for your family members and domestic help. If you still own property worth AED 2 million or more at the time of renewal, you can easily renew your Golden Visa every 10 years.
With 365 Day PRO Services, you can get the Golden Visa on 2 Million Property easily. Our team will help you collect the necessary documents and navigate the authorities. Whether you want to get a golden visa through property or other investment options, we are here to assist you in the administrative process. Contact us to know more.
Conclusion
If you invest in real estate, the Golden Visa property investment is the perfect opportunity for you. The property investment makes you eligible to get a 10-year Golden Visa in the UAE. You can enjoy all the benefits of the Golden Visa and sponsor visas for your family and domestic help. At 365 Day PRO Services we can help you verify property eligibility, gather and certify documents, and walk you through the application process. Contact us for more info.
FAQs
Can I get a Golden Visa through property investment in Dubai?
Yes, you can get a Dubai Golden Visa through property investment. The minimum value of your property investment should be AED 2 million. You can apply for the visa ready properties or off-plan from approved developers.
What is the property investor visa in UAE?
The UAE Golden Visa through property investment is also known as the property investor visa in the UAE. It is a permanent residency visa for foreign nationals investing a minimum of AED 2 million in the property in the UAE. This visa helps you to get a visa without any sponsorship.
How much property investment is required for a Golden Visa?
The minimum investment in property required to qualify for the UAE Golden Visa is AED 2 million. This can be a solo property or a combination of multiple properties registered in your name. Whether it’s a ready-to-purchase or off-plan property, only the amount listed in the property deed or the slip is considered for valuation.
Can I get a Golden Visa on a mortgaged property in Dubai?
Yes, you can get a Golden Visa on mortgaged property if the valuation is AED 2 million and above. However, it is worth checking how much you are required to pay in advance. You will also require a NOC from the money lender for the visa application. 365 Day PRO Service can help you get a visa on a mortgaged property. Contact us to know more.
Can I get a Golden Visa if I buy property in Dubai?
Yes, you can get a Golden Visa in Dubai if you invest in a property worth around AED 2 million. For you to be eligible, the property, finished or off-plan, must be registered with the Dubai Land Department, so it counts properly.