How to get UAE residency through property investment?

The United Arab Emirates offers a dynamic business environment, robust and growing economy, world-class infrastructure, luxurious lifestyle and it’s also a tax haven, which is why it has become a magnet for international investors. One of the most popular ways to get resident status in this progressing and thriving country is through property investment. So, here’s your guide to navigating the path towards UAE residency through real estate investment.

Topics covered 

• Benefits of UAE residency through property investment
• Eligibility and visa options
• Documentation Required
• FAQs

Benefits

Strategic Location: The UAE is a strategic global business hub. It offers excellent connectivity and access to various international markets.

Tax Advantages: The UAE has no income tax, no property tax no capital gain or inheritance tax, basically UAE is a tax haven. So, you can see the appeal of investing and living in UAE.

Stable Economy: The UAE has a very diverse and strong economy, very conducive to investment.

The Lifestyle: The UAE combines exceptional architecture mixed with exceptional amenities, breath-taking tourist attractions, and a vibrant cultural scene. It’s a highly coveted, beautiful lifestyle.  

Eligibility and visa options

The duration of your residency permit and associated benefits depends on the type of property investment visa you choose. Here’s a look at the most common options.

Taskeen Program: For this program, you have to buy a property worth at least AED 750,000/- to get a 2-year renewable visa. You can only get this visa if you buy residential property in designated freehold areas in Dubai. Off-plan and commercial properties are not included in this program. Here is your chance to invest in Dubai real estate. Property investment in Dubai is one of the most lucrative investment opportunities around, now buying property in Dubai comes with a bonus. Don’t miss out on this opportunity.

Long Term Visa: As part of this program invest real estate worth AED 2 million or more for a 10-year visa. The minimum retention period is two years. And you’ll get your UAE residency visa.

Golden Visas: If you are looking to invest in a golden visa for 5 years, this will cost you AED 2 million. The money you invest cannot be acquired through a loan and you must retain the property for a minimum of three years.

For a 10-year residency visa, you have to invest at least AED 10 million for a 10-year visa. It helps if you have a mixed portfolio where a maximum of 40% can be spent on buying property. You can divide investment into three properties and you will be given a six-month multiple entry visa to facilitate the process.

Documentation Required

The specific documents may vary based on the program you choose but here are the general documents you will likely require.

• Passport with copies (valid for at least 6 months)
• Contract of the Property purchase and proof of payment
• Emirate ID application form
• Medical fitness test result
• Passport-sized photograph
• Proof of income (if applicable)
• Marriage certificate (if applicable)
• Bank statement

FAQs

Q: Can I finance my property purchase and still qualify for the residency?

A: There are some financing options available, but there are some visa categories where you can’t use a mortgage to buy property.

Q: Why is the marriage certificate required?

A: That’s only required if you buy a property jointly with your spouse.

Q: If I sell my property, what happens to my visa?   

A: In most cases, this will result in the cancellation of a residency visa. However, some programs allow for a grace period where you can buy a new property to maintain your status.