After the UAE’s effective control of the COVID-19 pandemic, the real estate market in Dubai saw substantial changes. Dubai evolved itself as a worldwide investment destination. Due to the wide range of properties available, the UAE promises a high return on investment and a well-regulated market. If you are looking to invest in the UAE and become a long-term resident, there are various alternatives. As an investor, here’s how you can legally settle in the UAE.
Types Of Residency Visa For Those Looking To Invest In The UAE
Entrepreneurs in the Emirates can apply for residency in three ways:
1. Dubai Investor Visa: Residential Property Investment, Business Investment
Residential Property Investment
With access to a Dubai Investor Visa, an individual can have two options to invest in. First and foremost is investing in residential property. This visa comes with a validity period of 3-5 years. You can update the visa until you decide to reside in the country. The eligibility criteria include investing in property which is purely residential property. The property has to be worth Dh 1 million. Even if it’s a co-joint investment, each share should come to at least Dh 1 million.
Planning to invest in the UAE? Here are all the residency options for investors https://t.co/GfEpD0HaBT
— Gulf News (@gulf_news) May 23, 2022
In order to start a firm on Dubai’s mainland, you’ll almost always need a UAE-based partner. However, in particular business operations, the UAE has recently authorised 100 per cent foreign ownership of onsite [mainland] businesses in the UAE. This visa is available to investors who possess at least Dh72,000 in existing company shares. In another case, one needs to create a company with a capital investment of the same amount.
Foreign investors do not need local sponsors or partners to create a business in a Dubai free zone. Plus, the firms are tax-free, allowing foreign nationals to possess 100% of the company.
2. Golden Visa To Invest In The UAE
Investors and entrepreneurs that match the UAE government’s standards are specifically entitled for the Golden Visa, a 10-year residency permit. When acquiring a property worth at least Dh2 million, real estate investors can apply for a Golden Visa.
When purchasing a home with a loan from one of the local banks, investors are also eligible for the Golden Visa.
The Golden Visa is also available to investors who purchase one or more off-plan properties worth at least Dh2 million from recognised local real estate companies.
3. Retirement Visa To Invest In The UAE
For individuals wishing to retire in Dubai, the GDRFA grants a five-year retirement visa. To acquire this visa, you should be 55 years old or older. Earn at least Dh180,000 per year or Dh15,000 per month sustainably.
Get a Dh1 million three-year fixed deposit. Also, unmortgaged property worth at least Dh1 million or mortgaged property worth at least Dh1 million.
A mixture of the first two options, with a three-year fixed deposit of at least Dh1 million and property worth at least, Dh500,000 each.