Ultimate Guide to the 10-Year Property Investor Visa in Dubai

In Dubai, the 10-Year Property Investor Visa, also known as the Golden Visa, is a coveted residency option designed to attract investors with substantial financial commitments to the UAE. This visa offers numerous benefits and is tailored for individuals looking to secure long-term residency while investing in Dubai’s vibrant real estate market. Here’s everything you need to know about this prestigious visa category:

Requirements for a 10-Year Property Investor Visa:

  1. Property Investment: The applicant must own property in Dubai with a minimum value of 2 million AED. Multiple properties under the applicant’s name are accepted.
  2. Ownership Proof: Title deeds must reflect the applicant’s name exactly as it appears in their passport. Joint ownership with a spouse is permissible, provided each partner’s share meets the minimum investment threshold.
  3. Financial Commitment: If the property was purchased through a developer or financed via bank mortgage, additional documentation such as a statement of account or a No Objection Certificate (NOC) from the developer or bank is required.
  4. Residency Requirement: Applicants must be physically present in the UAE during the application process.
  5. Marital Status: Married couples can jointly apply, requiring a legally attested marriage certificate translated into Arabic.
  6. Additional Documentation: Clear passport copy (valid for more than 6 months), Emirates ID (if applicable), high-quality digital photograph meeting specified standards, and health insurance from a UAE-based provider.

Benefits of a 10-Year Investor Visa:

  • Extended Stay Flexibility: No requirement to stay continuously in the UAE; holders can reside abroad for extended periods without visa cancellation.
  • Family Sponsorship: Allows sponsors to include spouse, children, and even parents under the same 10-year validity period.
  • Business and Employment: Enables investors to work and conduct business activities in Dubai, subject to Ministry of Human Resources and Emiratisation (MOHRE) approval.
  • Domestic Staff Sponsorship: Capability to sponsor up to 3 housemaids and drivers.
  • Security and Stability: Dubai’s low crime rate and safe environment enhance quality of life for visa holders and their families.

Application Process:

  1. Online Submission: Applications are processed online through the Dubai Land Department (DLD) portal. Physical visits to DLD Cube offices are not required.
  2. Document Verification: Submit required documents to dld-taskeen@dubailand.gov.ae for verification.
  3. Health Insurance: Obtain mandatory health insurance from approved UAE providers.
  4. Application Fees: Costs include initial application fees and renewal fees, which can be paid online.

Frequently Asked Questions (FAQs):

  • Minimum Investment: A minimum investment of 2 million AED in Dubai property is necessary.
  • Validity: The 10-Year Property Investor Visa is considered equivalent to the Golden Visa in Dubai.
  • Work Privileges: Visa holders can work in any sector upon obtaining MOHRE permission.
  • Residency Requirements: Recent updates allow unlimited time outside the UAE without visa validity implications.
  • Application Restrictions: Only the applicant can apply directly; third-party applications or powers of attorney are not accepted.

Dubai’s 10-Year Property Investor Visa offers unparalleled advantages for investors seeking long-term residency and business opportunities in one of the world’s most dynamic cities. For detailed guidance and application assistance, prospective applicants are encouraged to contact the DLD or authorized service providers. Embark on your journey to secure residency and prosperity in Dubai today.

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