The continuously strong ROI and worldwide attractiveness of the UAE real estate market has drawn investors from all over the globe. Expat investors may receive high rental returns as a consequence of substantial capital appreciation of the real estate market in the UAE. There are two long-term visas that real estate investors are qualified for. Here is all you need to know about the UAE Property Visa:
TYPES OF UAE INVESTOR VISA
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Realising the potential of international investors in the real estate business, the UAE government created a new system in 2019 for real estate investor visas. Now there are UAE Golden Visas in existence that enable foreigners to work, reside and study without the necessity of a national sponsor. Read on to find out everything about the investor visa UAE criteria.
A 10-YEAR INVESTOR VISA
It is required for a foreign investor to have at least AED 10M public investment in the UAE to be eligible for the 10 year long term visa. This investment may be made in any of the seven emirates in the UAE without a sponsor. Take a look below at the list of investment kinds are allowed to get a long-term real estate investor visa under the General Investor category.
Establishing a new firm in any of the Emirates that has a capital investment of equivalent to AED 10M.
Establishing partnership in an established firm with a share value not less than AED 10M.
Deposits having investment value of at least AED 10M in any Emirate of the UAE.
For the real estate investment visa Dubai, it involves investing AED 10M investment in one of the types described above.
CONDITIONS FOR A 10-YEAR INVESTOR VISA
You must guarantee that within the overall investment of AED 10M, 60 percent of that amount or AED 6M of the total investment is made in sectors other than the real estate market.
The investors will have to confirm that the cash invested is not lent.
There is also a stipulation that you must have held the investment for at least three years.
There should also be financial solvency of the investment for the sum of AED 10M.
Investors with a 10-year visa might include an executive director and an advisor aside from their children and spouse.
This visa may also be extended to business partners provided each contributes an investment value of AED 10M.
Foreign investors may apply for a multiple-entry permit for a six-month term.
The long-term residency is also relevant to those with particular abilities in the sphere of art, culture or science. One of the numerous prerequisites for them is that they should be accredited by the ministry in their respective disciplines and Business setup in Dubai Mainland.
A 5-YEAR INVESTOR VISA
UAE Visa Approved
There is also a 5-year timeframe to apply for the investor resident visa UAE
Real estate investors, as well as entrepreneurs, may apply for a 5-year residency visa in the UAE. However, the qualifying conditions for both categories differ:
CONDITIONS FOR A 5-YEAR PROPERTY INVESTOR VISA UAE
It is required for the investor to make an investment in a property that is not less than AED 5M.
The investors will have to establish that the sum is not lent.
Another criteria is that the property must be held for at least three years.
CONDITIONS FOR A 5-YEAR BUSINESS VISA
Entrepreneurs who have an established project with the capital value of AED 500,000 to apply for this visa.
You may benefit of a multi-entry visa for six months. After the period finishes, you may extend your visa for another six months.
The entrepreneurs may include a partner and three executives away from their spouse and children with this visa.
DUBAI INVESTOR VISA RULES
UAE Dirhams and Passport
The UAE investor visa requirements for Dubai compel the investors to participate in the local markets
Now you know about the essential qualifications and circumstances to get a real estate investor visa. There are certain tiny aspects to this information that are related to real estate visa for Dubai:
The investment value of AED 10M represents the purchase value of your property and not the current market value. For instance, property will not qualify for a visa if you acquired it for AED 9M a few years ago and it is today worth AED 10M.
Investment is also related to property type. It’s advisable to contact the Dubai Land Department to find out which property kinds are eligible for the long-term visas.
The investment should be done in a property that is in a livable state.
Any property that is under development, or there is a dispute or not ready will not be considered for issuing investor visa.
In addition to this, the property should not be considered dangerous by the authorities for any reason to qualify for an investment visa.
It is also required that the property should be in a freehold area and you are the legitimate owner. If the property is in a leasehold area then you are not the lawful owner. In such a circumstance, it necessary to mention for how many years you are leasing the property.
The list of properties that are allowed for an investment visa include apartments, serviced apartments, townhouse, villas, office, hotel rooms, hotel apartments and warehouse.
The list of property that is not admissible for real estate visa includes off-plan property, leased property and contested property.
THINGS TO CONSIDER
discussion of property experts
Make careful to follow by the new rules and requirements for the investor resident visa Dubai
Since the UAE investment visa laws are changing frequently, it is vital to study certain visa rules update related investor visas.
The UAE has just established “Thrive in Abu Dhabi” initiative that invites foreign investors to participate in important areas in the capital city. Under this plan, investors may now earn a 10-year residence in Abu Dhabi.
The UAE has announced an unusual modification in the immigration legislation to create way for investors to start up commercial activities in the nation. As per the UAE new Citizenship legislation, investors may become the citizens of the UAE after investing in the nation.
It is not essential to make an investment in a single property worth AED 10M. You may invest in a maximum of three properties with a total value more than or equal to the requisite amount.
You are also qualified for a real estate visa investment visa Dubai on the mortgaged property provided you have paid off the mortgage value of AED 10M.
In case of joint ownership of a property, it is essential that a person seeking for an investment visa has a stake of AED 10M.
In the event of joint ownership of the husband and wife an authenticated marriage certificate should be supplied as evidence along with other relevant credentials to apply for a real estate investor visa in Dubai.
Those who wish to sponsor families also need to examine new UAE visa regulations for the family as they are also relevant in gaining long-term visas.