Expatriates residing in the UAE have the opportunity to obtain various property-linked visas. To meet the visa requirements, it is essential that the investment amount is fully paid in equity for the property. For instance, if a property is purchased for Dh 950,000 using a mortgage, it does not satisfy the eligibility criteria.
The primary visa associated with property ownership in the UAE is the Golden Visa. This visa grants a validity period of five years and eliminates the need for renewal every two years. Moreover, it allows visa holders to spend an unlimited amount of time outside the country without affecting their visa status. To be eligible for the Golden visa, individual must own property or properties with a minimum equity value of Dh 2 million.
The Property Investor Residence Visa can be obtained by making a property investment of Dh 750,000 under one’s own name or Dh 1 million if registered under the spouse’s name. To maintain the visa, the holder must visit the country at least once every 180 days and renew it every two years.
The Retirement Visa for individuals aged 55 and above who wish to retire in the UAE. It is a five-year visa that requires meeting certain criteria. Eligibility can be achieved through investing in a property valued at AED 2 million, having accumulated savings of at least AED 1 million, or demonstrating an active monthly income of AED 20,000.