Blog

Unlock Dubai Real Estate Insights

Dubai Golden Visa: New Visa Rules for Property Investors

Introduction:
As a forward-thinking government, Dubai has recently implemented new visa regulations aimed at boosting investment in the property sector. These changes have yielded significant success, leading to a surge in inquiries about the visa application process and requirements. Here, we outline the procedures in accordance with the Dubai Lands Department.

Documents Required for a Dubai Golden Visa:
Obtaining a Dubai Golden Visa for real estate investment involves the following documents:

  1. Passport
  2. An electronic copy of the title deed certificate
  3. Personal photo
  4. Valid health insurance
  5. Original Emirates ID

Types of Visas Available:

1. Investor Visa (5 Years)

  • Requires a minimum property value of 2 million AED under the applicant’s name.
  • In case of mortgaged property, at least 2 million AED of property value must be paid to the bank, with a NOC letter and proof of payment.
  • Allows husband and wife to share ownership in one property (marriage certificate required).

2. Retirement Visa (5 Years)

  • Applicant must be 55 years old or older.
  • Requires a minimum property value of 1 million AED (fully paid, not mortgaged) under the applicant’s name or a deposit of one million AED in a local bank for 3 years, with a bank letter confirming the deposit’s lock-in period.
  • Husband and wife can jointly own one property (marriage certificate required).

3. Family Visa

  • Requires a notarized NOC letter from the father (in the case of the mother being the sponsor).
  • Daughter over 18 years old must provide proof of social status from Dubai Courts.
  • Specific requirements for individuals from certain countries (IRAN, PAKISTAN, IRAQ, LIBYA, AFGHANISTAN).
  • Includes various documents such as passports, Emirates ID, personal photos, health insurance, marriage certificate, birth certificate, IBAN bank account, and a study certificate for sons over 18 years old.

4. Parents Visa (1 Year)

  • Specific requirements for individuals from certain countries (IRAN, PAKISTAN, IRAQ, LIBYA, AFGHANISTAN).
  • Requires an affidavit certificate of dependency from the consulate, bank statements for the last 3 months, original passport and Emirates ID, personal photo, health insurance, birth certificate, and IBAN bank account.

Visa Application Process:

  1. The customer visits one of the Service Centres.
  2. The customer submits the necessary documents and pays the applicable fees.
  3. A medical examination is conducted at the Center.
  4. Visa stamping is done on the passport.

Where to Apply for Your Visa:

  • Dubai Land Department – Main Office (Cube Centre)
  • Operating hours: Monday to Thursday from 8:00 am to 2:30 pm, Friday from 8:00 am to 11:30 am
  • For inquiries: Email – dld-taskeen@dubailand.gov.ae
  • Dubai World Trade Centre
  • Central 1- Office Building Number 2, Ground Floor- Office Number 21 (Golden Cubes)
  • Operating hours: Monday to Thursday from 8:00 am to 3:00 pm, Friday from 8:00 am to 12:00 pm
  • For inquiries: Email – golden.cube@dubailand.gov.ae

In conclusion, Dubai’s new Golden Visa program for property investors presents a golden opportunity to secure residency and invest in the flourishing real estate market. The process is streamlined, and the requirements are clear, making it an attractive prospect for investors and retirees alike. For more details, visit the DLD Vault.