Obtain Dubai citizenship through real estate in the UAE.
Expats have the opportunity to obtain various property-related visas available in the UAE. The main requirement for obtaining a visa is the full payment of the investment cost. In other words, purchasing property worth 950,000 dirhams using a mortgage does not meet the criteria for obtaining a visa. The investment amount must represent a share in the ownership of the property.
Among the various real estate-related visas available for expats, the following can be highlighted:
- Golden visa:
This is the main visa in the UAE related to property ownership. This visa is valid for five years and does not require annual renewal. It also allows the holder to stay outside the country for an unlimited time. To be eligible for the Golden Visa, an individual must own property or multiple properties with a minimum value of 2 million dirhams.
The application for a Golden Visa in the UAE must include a completed form, supporting documents, and sufficient funds. This visa is valid for 10 years and can be renewed after expiration.
Advantages of the Golden Visa:
- The right to reside in any of the seven emirates of the UAE.
- The ability to quickly move to Africa, the Middle East, Asia, and Europe due to the country's strategic geographical location.
- Adding a spouse and unmarried children of any age without additional investments
- Attractive tax regime for investors
- Good value from real estate investments
- A simplified and efficient system for obtaining a residence permit
- Membership in the United Nations, the Council of Arab States Cooperation, and the Arab League
To obtain this visa, an individual must invest 750,000 dirhams in real estate registered in their name, or 1 million dirhams if they want to register it in their spouse's name. The visa holder must return to the country every 180 days and renew it every two years.
To obtain this visa, you will need a certificate of good conduct and behavior issued by the Dubai police. It should be addressed to the Dubai Land Department.
If you are moving into mortgaged property, you need the bank's consent, which should specify the total amount paid and the remaining amount.
If the property is mortgaged with the developer, a copy of the original sales certificate will be required. If the property is already built and not under construction, a bank statement confirming the payment of 50% of the total property cost or 375,000 dirhams is required.
This visa is intended for individuals over 55 years old who wish to retire in the UAE. The validity of this visa is five years, and you are eligible for it if you want to invest in real estate worth 2 million dirhams, have accumulated savings of 1 million dirhams, or have an active monthly income of at least 20,000 dirhams.
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