While the UAE is renowned for its growing expatriate community, establishing a long-term residence in the country hasn’t always been straightforward. Previously, visas were often short-term, necessitating renewal every few years, and were typically tied to employment or sponsorship.
However, recent changes have significantly improved this situation. New visa regulations have simplified the process for foreign nationals to both enter and remain in the UAE for extended periods. Among these changes is the UAE Golden Visa program, which allows holders to live in the country long-term without needing an employer or sponsor.
What is the UAE Golden Visa?
The UAE Golden Visa is a long-term residence permit that grants foreign talent and investors the ability to live, work, and study in the UAE without traditional sponsorship requirements.
Golden Visa holders can also stay outside the UAE for longer than the standard six-month period. Additionally, you can sponsor your family members, including spouses and children of any age, as well as an unlimited number of domestic helpers.
The Golden Visa is available to investors, entrepreneurs, scientists, and exceptional students and graduates. One of the easiest ways to obtain this visa is through investment in UAE real estate.
Eligibility for the UAE Golden Visa Through Property Investment
There are multiple routes to qualify for a UAE Golden Visa, with property investment being one of the most accessible and straightforward options.
To qualify through property investment, you must legally own one or more properties in the UAE. The total value of these properties must exceed AED 2 million (USD 545,000). Properties must be purchased with a loan from a local bank that is pre-approved by the relevant emirate authority.
The duration of your visa can vary depending on the emirate where your property is located. For example, in Dubai, real estate investors can obtain a ten-year renewable residence permit.
You will need to submit your application along with proof of property ownership, a copy of your passport, your UAE ID, and, if applicable, your current residence permit.
How to Obtain the UAE Golden Visa Through Property Investment
The process of applying for a UAE Golden Visa through property investment is streamlined with the help of Golden Cube Dubai. Here’s a simple five-step guide:
- Find Suitable Properties: Begin by identifying properties that meet the AED 2 million (USD 545,000) threshold. You may choose to invest in a single property or multiple ones. While one property may be quicker to acquire, a portfolio might offer higher rental returns.
- Conduct Due Diligence and Valuation: Once you have selected your properties, carry out necessary valuations and due diligence to ensure they meet Golden Visa criteria. Golden Cube Dubai can assist with this process to ensure all regulatory requirements are met.
- Complete the Purchase and Registration: Finalize the purchase of your property and complete the registration process. Only once you legally own the property can you proceed with your Golden Visa application.
- Submit Your Golden Visa Application: After purchasing your property, you can apply for the Golden Visa. The application is largely online, but may require visits to an immigration service center. Golden Cube Dubai will guide you through this step.
- Processing and Approval: Typically, you will receive your Golden Visa within seven to ten business days of applying. Once approved, you can begin your new life in the UAE.
Advantages of the UAE Golden Visa for Property Investors
The UAE Golden Visa offers several advantages for investors, providing both long-term benefits and peace of mind.
Extended Residency: The Golden Visa allows for a ten-year stay, enabling you to establish a solid base in the UAE and integrate into its business and cultural environment. Your family can also benefit from this long-term residency.
Simplified Property Investment: The visa facilitates property investments in prime areas of the UAE. The ten-year term may also positively impact lending decisions, allowing for larger loans to expand your property portfolio.
Attractive Rental Yields: The UAE real estate market offers impressive rental returns, with yields in popular areas often exceeding 10%, surpassing those of major cities like London and New York.
Independent Residence: Previously, securing residence in the UAE often required employment. The Golden Visa changes this, allowing investors and entrepreneurs to secure long-term residency without relying on a job or local partner.
Family Sponsorship: The Golden Visa makes it easier to bring your family to the UAE. You can sponsor your spouse, children, and sometimes parents without dealing with multiple visa applications. Additionally, if the main visa holder passes away, family members can stay in the UAE until the visa expires.
Why Choose Golden Cube Dubai?
Golden Cube Dubai has a proven track record in assisting investors to settle in the UAE. Our experienced team is knowledgeable about the UAE’s business and real estate landscapes and understands the nuances of the immigration process.
We provide comprehensive support throughout the entire process. Whether you’re navigating investment options or visa requirements, we offer guidance and expertise to help you establish yourself successfully in the UAE.
Contact us today to start your journey towards a new life in the UAE with our expert assistance.
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📧 info@goldencubedubai.ae
