By admin@handinhandadventures.com 
The UAE Golden Visa offers a unique opportunity for foreign investors, entrepreneurs, and skilled professionals to live, work, and study in the UAE for an extended period. One of the most common routes to obtaining this visa is through real estate investment.
But how much property do you need to qualify for the UAE Golden Visa, and what are the detailed requirements? Stay tuned with us, we will explore everything you need to know about obtaining a Golden Visa through property investment in the UAE, the types of properties eligible, and the associated documentation required.
What Is The UAE Golden Visa?
The UAE Golden Visa is a long-term residency visa that allows you to live in the UAE for 10 years, with the option to renew. It’s available to investors, skilled professionals, entrepreneurs, and students who meet specific requirements.
One of the most common ways to get the Golden Visa is by investing in property. Unlike regular visas, this visa doesn’t require frequent renewals, providing long-term security. It offers many benefits, including the freedom to work, live, and study in the UAE.
Key Property Investment Requirements For The UAE Golden Visa – Are You Eligible?
If you’re interested in obtaining the Golden Visa through property, here’s a breakdown of the requirements you’ll need to meet.
Property Value Requirement:
To qualify for the Golden Visa, the total value of your property or properties must be at least AED 2 million (around $545,000 USD). You can combine multiple properties, whether residential or commercial, to meet this amount.
Types of Eligible Properties:
Both residential and commercial properties are eligible. You can invest in completed properties or off-plan ones (under development), though off-plan properties have additional requirements.
Ownership Must Be in Your Name:
For the property to qualify, it must be in the applicant’s name. Joint ownership is permissible only if all owners are applying for the Golden Visa. This is a key part of ensuring that the property qualifies for the visa.
Mortgages Are Allowed with Conditions:
If you finance the property with a mortgage, you can still apply for the Golden Visa, but you’ll need a No Objection Certificate (NOC) from the bank confirming what you’ve paid and the remaining balance.
Off-Plan Property Requirements:
For off-plan properties, additional documentation is required. You must provide a payment statement showing that you have paid at least 50% of the total property value. This equates to about AED 375,000. The developer’s payment statement will serve as proof of this payment.
Gifting Property to Qualify:
If you receive a property as a gift, it can count toward the Golden Visa, as long as it’s valued at AED 2 million or more, and you provide the necessary documents, including a developer’s NOC.
Documentation Required For The UAE Golden Visa – Get Ready For Your Application!
When applying for the Golden Visa through property investment, you’ll need to submit a set of documents to support your application. These include:
- Real Estate Registration Letter: A letter from the Real Estate Registration Department (or DLD) confirming the value of the property.
- Proof of Ownership: Documentation proving you own the property, whether it’s a completed or off-plan property.
- Bank NOC (for Mortgaged Properties): If the property is mortgaged, a No Objection Certificate from the bank is required to verify payments made and the remaining balance.
- Payment Statements for Off-Plan Properties: If you are applying with an off-plan property, payment statements or an Initial Sale Certificate is necessary to show that at least 50% of the payment has been made.
These documents help the UAE authorities verify your property ownership and ensure that you meet the requirements for the Golden Visa.
Benefits Of The UAE Golden Visa Through Property Investment – Why It’s A Smart Choice!
The UAE Golden Visa through property investment offers long-term residency for up to 10 years, allowing you to live, work, and study in the UAE without worrying about frequent renewals. It provides access to world-class healthcare, education, and business opportunities.
Additionally, you can enjoy the tax benefits of living in a country with no personal income tax. The visa also grants you the freedom to invest in the UAE’s growing economy and offers a stable and secure living environment. It’s an attractive option for investors seeking a strong financial and personal future in the UAE.
How To Apply For The UAE Golden Visa Through Property Investment?
The application process for the UAE Golden Visa through property investment is relatively straightforward. Here are the steps to follow:
Select the Property:
Choose a residential or commercial property that meets the minimum value of AED 2 million. You can combine the value of multiple properties if necessary.
Gather Required Documents:
Collect all the necessary documents, including proof of ownership, bank NOC (if applicable), and payment statements for off-plan properties.
Submit Your Application:
Submit your completed application to the UAE immigration authorities. You can do this online or through authorized government channels.
Wait for Approval:
Once submitted, your application will be reviewed by the authorities. If everything is in order, your UAE Golden Visa will be approved, and you will enjoy all the benefits of long-term residency in the UAE.
How Long Does It Take To Get The UAE Golden Visa Through Property?
The process for obtaining a UAE Golden Visa through property investment can take several months. The timeline may vary depending on the complexity of your application and the property you choose to invest in. Typically, the process involves:
- Property Purchase or Registration: This can take anywhere from a few weeks to a few months, depending on the property type and seller.
- Document Collection: Once you’ve made the purchase, you’ll need to gather all required documentation, such as the title deed, bank NOC, and proof of payments.
- Golden Visa Application: After submission of all required documents, the processing time for the Golden Visa application may take anywhere from 2 to 6 weeks.
FAQs:
Can I qualify for the Golden Visa with multiple properties?
Yes, you can use multiple properties to meet the AED 2 million requirement. The combined value of all your properties, whether residential or commercial, must equal or exceed AED 2 million. This gives you flexibility in choosing how to invest.
What types of properties are eligible for the UAE Golden Visa?
Both residential and commercial properties are eligible. Whether you choose a villa, apartment, office building, or commercial establishment, as long as the value meets the minimum requirement, it’s acceptable.
Is it possible to get a Golden Visa through a gifted property?
Yes, gifted properties can qualify for the Golden Visa if they are valued at AED 2 million or more. You will need a No Objection Certificate from the developer, if applicable, and other documents verifying the property’s value.
What are the tax advantages of having a Golden Visa?
The UAE is known for its favorable tax policies, including no personal income tax. As a Golden Visa holder, you can take full advantage of these tax benefits, helping you keep your wealth intact.
Conclusion:
The UAE Golden Visa provides an incredible opportunity for investors, entrepreneurs, and professionals to gain long-term residency in the UAE. By investing in real estate worth at least AED 2 million, applicants can qualify for the visa and enjoy the benefits of long-term residency, family sponsorship, and access to one of the world’s most vibrant economies.
Whether you choose a completed property or an off-plan investment, understanding the eligibility criteria and documentation requirements is key to successfully obtaining the UAE Golden Visa.