All you need to know about real estate investor visas in Dubai
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The Dubai, real estate market, has drawn buyers from all around the world due to its reliably strong ROI and global attractiveness. As an outcome of Dubai, the real estate market’s heavy capital appreciation expat owners should expect great rent prices. Real estate owners are qualified for one of two long-term visas. Here’s what you need to know about applying for visa in Dubai:
Kinds of Dubai Visa
Dubai government launched a new scheme for property investor visas in 2019 after realising the potential of international buyers in the real estate sector. UAE Golden Visas are now in force, allowing foreigners to work, travel, and study in Dubai without a national sponsor’s requirement. Continue reading to learn more about the conditions for an investor visa in Dubai.
A 10-year investor visa
To be considered for the 10-year long-term visa, a foreign investor must have a minimum of AED 10 million in public investment in Dubai. This transaction can be made without a sponsor in any of Dubai. Check out the list below to see what kinds of investments qualify for a long-term real estate investor visa in the General Investor group.
- Creating a new venture with a capital commitment of AED 10 million in each of the Emirates.
- Creating a bond with an existing business with a minimum equity capital of AED 10 million.
- Deposits in any Emirate of the UAE with a minimum investment value of AED 10 million.
- The real estate investment visa in Dubai needs a minimum investment of AED 10 million in one of the forms mentioned above.
Conditions for a 10-year visitor visa
- You must make sure that 60 per cent of the overall investment of AED 10 million, or AED 6 million, is made in industries other than the real estate industry.
- The buyers would have to show that the money they put in was not borrowed.
- You must also have had the investment for at least three years to qualify.
- The expenditure must also be financially sound in the sum of AED 10 million.
- Other than their children and spouse, investors with a 10-year visa will include an executive director and an attorney.
- This visa can be applied to business associates who also share AED 10 million in investment.
- For a six-month term, foreign investors may request a multiple-entry visa.
A five-year investor visa
In Dubai, real estate developers and entrepreneurs may apply for a 5-year residency visa. The qualifying requirements for both categories, however, are different:
Conditions for a 5-year property investor visa
- The investor must continue making in a property worth at least AED 5 million.
- The borrowers must show that the money was not borrowed.
- Another requirement is that the property is held for a minimum of three years.
Conditions for a 5-year business visa
- Entrepreneurs with an ongoing project worth at least AED 500,000 are eligible to request this visa.
- This visa allows entrepreneurs to bring along a spouse and three executives in addition to their spouse and children.
Dubai investor visa rules
There are a few minor details of this data that apply to Dubai real estate visas:
- The AED, 10 million investment valuation, is the selling price of your home, not the real market value. For example, if you bought a property for AED 9M a few years ago and it is now worth AED 10M, you would not be eligible for a visa.
- Property form effects investment. It’s a good idea to check with the Dubai Land Department to see which property forms are available for long-term rental.
- It is preferable to invest in a property that is the inhabitable shape.
- Investor visas will not be granted to any property under development, has a lawsuit, or is not ready.
- To apply for an investor visa, the property must not be considered unsafe by the officials for any reason.
- It’s also essential that the property is in a freehold region and that you are the legal owner. You are not the legitimate owner of the land is in a leasehold location. In this scenario, you must decide how long you will be leasing the land.
- Apartments, serviced apartments, townhouses, villas, offices, guest suites, hotel apartments, and warehouses are among the assets that qualify for an investor visa.
- Off-plan land, leasehold property, and contested land are among the properties that are not valid for a real estate visa.
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