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Are you a proud property owner in Dubai, seeking to call the UAE your home? If so, you may be eligible for the highly coveted Property Investor Visa. This two-year residency permit not only allows you to stay in the country without a sponsor but also grants you the privilege of bringing your family along. So, if you’re ready to explore the world of benefits that come with this exclusive visa, read on to find out everything you need to know about the Dubai Property Investor Visa.
1. Eligibility and Requirements
Before embarking on your journey to obtain the Property Investor Visa, familiarize yourself with the eligibility criteria:
- You must own a property in the UAE with a minimum value of Dh750,000.
- If the property is mortgaged, a No Objection Certificate (NOC) from the bank or developer is required, along with the property mortgage statement.
- For completed properties (not under construction), a proof of payment for 50% of the property value (at least Dh375,000) is necessary.
- In the case of joint ownership with a spouse, the share must be equal. Otherwise, the highest shareholder becomes the primary visa holder and sponsor for their spouse.
2. Required Documents for Application
Gathering the necessary documents is a crucial step in the visa application process. Ensure you have the following:
- Title deed for the property in Dubai, stating a value of at least Dh750,000.
- Copy of the initial sale certificate if the property is mortgaged by the developer.
- No-Objection-Certificate (NOC) from the bank if the property is mortgaged.
- Attested and legally translated marriage certificate (in Arabic) for spouses with joint ownership.
- Passport copy with a validity of more than six months.
- Copy of your current UAE visa (residence visa, tourist visa, or visa-on-arrival permit).
- Emirates ID (for current residents).
- Passport photo meeting UAE’s Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) requirements.
- Valid health insurance from a UAE-based company.
- Police Clearance Certificate (PCC) from Dubai Police, addressed to DLD.
Depending on your nationality, you may also need to provide an identity card from your home country.
3. Health Insurance Coverage Options
As per regulations by the General Directorate of Residency and Foreigners Affairs – Dubai (GDRFA-Dubai), medical insurance is mandatory for all resident permit applications. The DLD Cube offers assistance in fulfilling this requirement, whether you opt for basic or comprehensive coverage. For inquiries, contact:
- Email: dld-insurance@dubailand.gov.ae
- Landline: 04 203 0637
- Mobile & WhatsApp: 050 917 1057, 056 934 7917
4. Visa Costs and Payment Options
Obtaining the Property Investor Visa comes with associated costs:
- Dh9,958 for a two-year property investor visa, covering application, medical fitness test, and Emirates ID printing.
- Dh7,808 for visa renewal.
Payment can be made via bank transfer, credit card, or cash.
5. Application Process
You have two options for applying for Dubai’s two-year property investment visa:
- Visit the DLD Cube Reception: Head to the ground floor of DLD’s official headquarters on Baniyas Road, Rigga Al Buteen, Deira.Timings:
- Monday to Thursday: 8 am to 3 pm.Friday: 8 am to 11 am.
- Gather all required documents and visit the DLD Cube reception.
- A customer service agent will verify your documents and assist with the visa application.
- Proceed to the customer service counter to pay the fees and submit the application.
- Online Application: While online application is not yet available, stay tuned for future updates from the DLD regarding this option.
Conclusion
Owning a property in Dubai brings with it the incredible opportunity to apply for the Property Investor Visa. With this two-year residency, you can enjoy the freedom to live and work in the UAE, along with the privilege of bringing your family to join you. To make the most of this exclusive visa, ensure you meet the eligibility requirements, gather all necessary documents, and follow the application process diligently. As a property investor in Dubai, embrace the extraordinary benefits and experience the charm of living in this thriving city. Let the Dubai Property Investor Visa be your gateway to a vibrant and fulfilling life in the UAE.
