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How to get a Dubai property Visa

It’s been quite a while since Dubai announced Property Visa for real estate investors for a purpose of selling units faster. Since then, there have been many questions that arose from intended buyers. Although the investor visa’s process is not quite straightforward to understand but it is much easier if you can have basic knowledge and procedures so that it would save your tons of time.

Dubai is a great place to buy property, and you can find many ranges of options. It doesn’t matter if you’re buying for yourself or as an investment; there are plenty of properties available in different price ranges that will fit any budget. Plus, Dubai offers you visa for buying an ownership of a property and lets you enjoy the sunny weather all year round. 

This article aims to give you the most important things about getting visa and necessary documents needed for applications.

If you researched about getting a chance of obtaining a visa, you might have been aware that property’s threshold value is 1 million dirhams and above to. However, there are few contradictory understandings about this term:

1st the purchase value of the property is 1 Million dirhams- not the market value.

2nd Initially the visa was issued only serving residential properties, then it became applicable to hotel rooms, offices and warehouses as well.

3rd the property has to be ready.

4th it has to be in a freehold area.

Currently buying a land/plot in Dubai is not eligible to get the Dubai Property Visa. Also, a disputed property wouldn’t serve for a property visa.

Can lump sum of multiple properties value count?

Old Instruction: Only one property that values AED 1 Million and above can be applied

New Instruction: Person is eligible as long as the total investment equals to AED 1 Million in 1 of max 3 properties.

What about mortgaged properties?

Old Rule: Not possible if the property is mortgaged.

New Rule: Possible if 50% of the mortgage is paid off. In a financed situation, the title deed should mention that owner of the property is the applicant.

How many types of visas are available for property visa?

There are three types of visas are available to be acquired; one is six months multiple entry visa, three-year residence visa, and lastly five-year residence visa. Three-year visa is the most common visa type amongst investors because it offers all the perks of being a citizen for 3 years tenure. But 5 years visa is bit more challenging because minimum investment is AED 5 Million and have no presence of mortgage on any of the properties.

About the fee

Dubai six months visa fee entitled to property ownership is around AED 2,000 while three-year visa is slightly more complicated because there are multiple departments are involved and visa cost falls approximately AED 15,000.

Income and work wise

As the property visa serves merely residency for the property, one is not allowed to work under the visa. In cases, other family member under that visa wants to work, the visa has to be converted to the designated organization before working in Dubai.

Required Documents

The overall documents required for any type of visas are generally about same. The documents needed are:

  • Original Title Deed
  • Good Conduct Certificate from Dubai Police
  • Original Passport
  • Current Visa Copy
  • 1x Passport Size Photo
  • NOC from Developer

5 years visa applicants visa process doesn’t take much time since the investment amount is quite high and very niche customers are entertained.

Visa Process

Six Months Visa:

Concerned institution is General Directorate of Residency and Foreign Affairs Dubai. After getting the NOC for six months visa from the developer, visit Dubai Police to get the good conduct certificate. If applicant has Emirates ID, it can be obtained through Dubai Police website. The cost would be AED 220. Then, bring all the documents t GDFA head office and submit the documents and wait for a few days.

Three Year Property Visa

First step is to go to Dubai Land Department and ask for referral letter for good conduct certificate from Dubai Police. Once have the good conduct certificate , bring all the documents to Dubai Land Department to submit and wait for 6-8 days to get approved. Once its approved, have to visit Dubai Land Department again for a trade license and wait for 4-5 days to get it issued. Then visit DLD once more to submit original title deed to change with the new one and this procedure will take a couple of days and finally submit for resident permit.

Five Year Property Visa

Same steps are applied for the five year visa process.

The benefits of UAE Residency Visa:

• Being able to visit multiple times without granting a visitor visa

• Able to open UAE bank accounts

• Able to obtain a UAE driving license

•  Visa free travel possibilities to other countries

• Able to sponsor your other family members

• All the visas are renewable provided you continue your investments.

Summary

On top of that, there are many different benefits to buying property in Dubai. You’ll be able to take advantage of tax-free living, plenty of open space and fresh air, an excellent education system from kindergarten through university level, a well-developed healthcare infrastructure with top medical professionals – there’s so much waiting for you!

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New Property Launches in Dubai

Over the last two years, developers in Dubai have been relatively quiet with launches, as worries grew that the thousands of new homes added will create an excess of supply and add to the price falls. This year, another 30,000 plus homes should be ready.

But in recent weeks property sales – especially completed homes – picked up significantly and could soon extend to off-plan sales. This is why developers want to be ready with new projects when investors come calling.

Real estate prices in Dubai are forecasted to stabilize by 2022 according to experts. According to Reuters, the price declines were dropped from 4 percent to 1.3 percent, compared to last year which it was 10 percent on average. Correspondingly, analysts are optimistic about the industry in relation to Expo 2020 which will last for 6 months this year.

SOBHA REALTY

Sobha Realty has announced Creek Vistas Reserve Tower as the latest of Sobha Hartland- 8 million sq ft area located in Mohammed Bin Rashid Al Maktoum City. The launch represents the next phase of its high-end development Creek Vista towers which was very popular amongst locals and Arab investors.

DANUBE PROPERTIES

Danube Properties delays its launch of 741 residential units, and announced the latest project Olivz which is made up of a mix of studio, one-two bedroom apartments.  Danube’s portfolio stands at 14 projects, of which nine are delivered, including the Dh450 million G+29 storey Bayz at Business Bay. In terms of feel and location, Bayz has been quite a step up for Danube, which has focused on emerging freehold locations for the bulk of its work. The other delivery is for the Miraclz in Al Barsha South.

ELLINGTON PROPERTIES

Ellington Properties launches wellness residential community in MBR. The new development contributes to the Dubai 2040 Urban Plan. The new project is another distinctive addition to Ellington’s growing portfolio of projects in Dubai. Other developments by the developer include Belgravia and Belgravia II, Belgravia Square, Belgravia Heights I, Eaton Place and Somerset Mews, all located in Jumeirah Village Circle, as well as Wilton Terraces and Wilton Park Residences in MBR City and DT1 in Downtown Dubai.

Robert Booth, Co-Founder & Managing Director, Ellington Properties, said: “The design approach of residences has a key role to play in setting the foundation for the wellness of residents. Our new project in MBR City stands out by offering a healthier lifestyle and brings avant-garde wellness trends. It underlines our commitment to create sustainable living spaces for the future underpinned by innovative design. It is the perfect investment for home buyers who desire a harmonious relationship between aesthetic design, privacy and wellness-focused community living in Dubai.”

DEYAAR

Deyaar Development announces Noor as a third district to Midtown. Noor district consists of 593 units in 7 buildings offer studio, one to three bedroom apartments. Apartment prices start from AED 480,000 while Midtown is built for healthy lifestyle for its residents.

MERAAS

Nikki Beach Residence

Meraas has commenced handover of the 63 luxurious one-to-four-bedroom homes at Nikki Beach Residences. Located on the shores of Pearl Jumeira, an island destination created by Meraas, Nikki Beach Residences is an affluent address in the sought-after Jumeira 1 district with a limited collection of 1, 2 and 3-bedroom apartments, six townhouses, and a 4-bedroom penthouse that benefits from panoramic views over the Arabian Gulf and Dubai’s impressive skyline. Nikki Beach Residence is without doubt one of the most prestigious neighborhoods in Dubai and the first freehold beach residences in Dubai.

Sur La Mer

Sur La Mer grandly introduced by Meraas adjacent to Port De La Mer at Jumeirah 1, it includes a luxurious collection of 3, 4 and 5 bedroom townhouses with Italian architecture. Jumeirah1 is the breathtaking master community which is located at the tip of the peninsula.

These townhouses create a passionate environment with charm and majestic classic Italian structure of each bedroom in Sur La Mer. The vibrating material and inspiring colors are importing luxury to the resident’s life. This is part of the urban life of Dubai where serenity and class meet a cosmopolitan lifestyle.

Residents of Sur La Mer townhouses have access power of unparalleled shopping, dining and hospitality experience along with convenience, entertainment and relaxation. Resident can feel like the ultimate life being a neighborhood of 4-star and 5-star hotels. Boutiques, restaurants, and cafes are the main attraction of its leisure life.

AL HABTOOR GROUP

Al Habtoor Group has announced the sale of its 73-storey Amna Tower, part of The Residence Collection at Al Habtoor City, and the last property in the group Residence Collection. “The residential community has exclusive access to first-class amenities, which include the largest swimming pool and leisure deck in the UAE, a state-of-the-art gym, two luxury spas, multiple restaurants and cafés, the Al Habtoor Tennis Academy – which includes an indoor tennis court for year-round play, and an RTA marine stop on the Dubai Water Canal,” Al Habtoor added.

EMAAR

Located off the Palm Jumeirah, Dubai Harbour has an exciting new master development by Emaar called Emaar Beachfront. The first launch that has been released out of this development is Beach Vista, followed by Sunrise Bay, Marina Vista, Grand Bleu Tower by Elie Saab and South Beach Holiday Homes. The total project will constitute of 27 towers by the master development, each with it’s own private beachfront, so that residents can enjoy daily. Overall, the towers are distinctive from each other in terms of level of luxury, fitting and finishes. The overall theme of the residences is inspired by Miami Lifestyle and complemented with fantastic coastal views. Emaar will be building on total of 20 million sq ft land that includes waterfront units and Address Hotels & Resorts project as well.

MAJID AL FUTTAIM

Majid Al Futtaim has been launching Harmony I, II & III Villas located in Tilal Al Ghaf which offers a collection of 4 to 5 bedroom villas set in nature-inspired outdoors around a recreational lagoon with sandy white beaches and resort-style amenities including swimming pools, community and fitness centres.

Tilal Al Ghaf is Majid Al Futtaim’s mixed-use community development in Dubai is situated around a 70,000 sqm recreational lagoon with white sandy beaches offering a resort-like living experience. Spanning over 3 million sqm, the community will provide neighbourhoods featuring high-quality villas, townhouses & apartments. These are connected by 18 km of walking/running trails, 11km of cycling tracks and over 400,000 sqm of open green spaces with parks all around the community.