Investment Visa in Dubai UAE 2023: Rules , Cost and Benefits
Applying for a property visa Dubai can be confusing and frustrating. Most people may not know where to start, and they are unsure what to expect when they arrive. In this article, you will explore all the things you need to know about getting a property visa in Dubai. With our property visa Dubai guide, getting your visa will be easy. Our guide will help you through the process, saving you time, effort, and money. 1. What is a property visa? Dubai is a city that offers many opportunities for individuals who want to set up a business, as well as property buyers. A property visa Dubai is an investment visa granted to individuals and their family members. The property visa Dubai can be given for up to five years, after which you can renew it. An essential thing to know when applying for a property visa Dubai is that the applicant must have enough funds or assets to cover the costs of buying a residential or commercial property in Dubai. 2. What are the requirements to apply for a property visa? It has become increasingly hard to obtain visas for foreigners to enter the country, and many people end up trapped in a difficult situation. If you need to visit the country, you have to apply for a Investment visa in Dubai. But what are the requirements for applying? The requirements for applying for a Investment visa Dubai vary depending on your nationality, but some general guidelines can help you make sure you have everything in order. Here is the list of some of the requirements you need before starting your application process. If you apply for a 5-year property visa in the UAE, you need to have this information in mind: 2.1 Check the value of your property The UAE is an attractive destination for investors and expatriates because of its low cost for setting up businesses and living; high standards; and open trade policy. One way that people can immigrate to the UAE is through the investment property visa process. However, you need to have an investment property valued at AED 5 million or more. 2.2 The place cannot be mortgaged The most common requirement that a Dubai resident needs to fulfill to apply for a five-year property visa Dubai is the property not being mortgaged. This is because the property must be free of any mortgage or other liens. If the property owner has taken out a loan, it will need to be paid off before they can apply for a five-year visa. 2.3 The property needs to be yours for at least three years To apply for a five-year property visa in Dubai, the owner must retain the business or property for three years. This means that you have to pay rent on your property for at least 36 months before you can apply for a five-year residence visa. If you are planning to buy property in Dubai, make sure that your plans are long-term so that you can meet the requirements for owning a five-year residence visa. Now that you know how to apply for a five-year visa, it is time to learn what you need if you want a 3-year property visa in the UAE. 2.4 You need a property valued at AED 2 Million If you plan to invest Aed 2 Million or more in purchasing a property in Dubai, it will be best to apply for a three-year property visa. This way, you won’t need to worry about your property expiring before the end of your stay. 2.5 Be careful with the mortgage The UAE has an attractive property market with a high demand for new homes. Most of these properties are off-plan, meaning they are still being built. To apply for a three-year property visa in Dubai, the property must be mortgage-free, off-plan, and residential. 2.6 You have to win at least AED 10,000 per month With the increase in demand for property visas in Dubai, it is becoming more and more difficult for people to get one. To make things easier, the government introduced a new rule that allows applicants with an income of AED 10,000 per month to apply for a three-year property visa. To calculate your monthly income, you need to know your gross income and net income. The gross income is the number of earnings you make before any deductions, while the net income is left after all deductions are taken into account. 2.7 You cannot spend six consecutive months outside of Dubai Dubai is a city that offers its visitors and residents an array of opportunities. It has a thriving economy, world-class infrastructure, and diverse culture that is home to over one million expatriates worldwide. To have a property visa in Dubai, you need to be aware of the rules and regulations that govern this country. One such rule is the restriction on spending six months outside the country, which can be a challenge for those looking to relocate permanently or temporarily. 3. How long does it take to obtain a property visa? The service time to have your property visa in Dubai is 3 to 5 working days, and it may vary depending on the country of origin. Applying for a property visa in Dubai is relatively straightforward with the help of an immigration agent or a licensed immigration consultant. It takes less than an hour for them to complete the application process and submit it for processing by Dubai’s Immigration Department. 4. How much does a property visa in Dubai cost? Investors in the UAE can apply for a visa to invest in the country. The average fees are about AED 15,000. Investing in the UAE is a good idea because it offers a high level of stability and has multiplied in recent years. Thanks to its growing tourism sector, the country’s economic growth has been steady over the past decade. 5. What are the benefits of having a property visa in Dubai? Some people do not know the benefits of having a property
