Northman & Sterling

Obtaining UAE Residency: A Guide to Different Visas Available for Property Buyers

The main visa in the UAE associated with property ownership is the Golden Visa. With a validity period of five years, it removes the need for biennial renewals. Additionally, holders of the Golden Visa can spend unlimited time outside the country, in contrast to the two-year visa, which requires returning within six months to maintain validity. To qualify for the Golden Visa, individuals must own property or properties with a minimum equity value of Dh2 million.

An alternative visa choice is the Property Investor Residence Visa, catering to individuals looking to invest in property. To be eligible, applicants should invest over Dh750,000 in a property registered under their name or Dh1 million if registered under their spouse’s name. Like a regular visa, it requires returning to the country every 180 days and can be renewed every two years.

It is crucial to emphasize that both visas require the complete payment of the investment value. In simpler terms, if you purchase a property for Dh750,000 using a mortgage, it will not fulfil the eligibility requirements. The investment amount must be in the form of equity in the property.

How can we assist you?

At Northman & Sterling, our team of experienced consultants is dedicated to assisting in acquiring a long-term UAE Residency visa for Property Buyers and minimize the stress by handling all aspects of the process. Whether it be a Golden Visa or Residence Visas, we aim to guide you through the process and make your visa acquisition a smooth and secure journey.

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