10-Year Golden Visa for Real Estate Investors

Golden Visa REQUIREMENTS as of November 4 2023:

• Title Deed (showing a total purchase value of not less than AED 2,000,000).

o Multiple properties are accepted.

• In case the property is mortgaged, at least AED 1 million of property value must be paid to the bank. NOC letter in Arabic along with mentioning the amount paid from the mortgage will require to proceed with the visa application.

• In case the property is off-plan, at least AED 1 million of property value must be paid upfront, and it is subject to approval based on below documents:

o Oqood Certificate.

o Initial Sale Contract.

o Sale & Purchase Agreement.

o Account Statement showing the paid amount and outstanding balance.

o 50% completion of project as per last inspection report.

• Properties jointly owned by Husband & Wife, the shares must be equal between both parties. In case the shares are not equal, the highest shareholder will be the primary visa holder and then sponsor the other party.

• Title deed jointly between partners (relatives, friends, etc.) is acceptable (applicant share should be a minimum 2 million).

• Applicant must be in the country (Dubai, U.A.E.).

• Passport copy (valid for at least 6 months).

• Visa Copy (whichever is applicable on the below).

o Tourist Visa.

o Residence Visa.

o Residence Visa Cancellation Paper.

o Entry Stamp on Passport if Visa on arrival.

• Emirates ID copy (if previously issued).

• National ID copy (for Iran, Pakistan, Iraq, Libya, and Afghanistan).

• Passport-sized photo (with white background, no eyeglasses, no jewelry).

• Health Insurance.

Please note that the list of the required documents can be updated by the authority and additional documents may be requested.

BENEFITS:

• Primary Golden Visa holders can sponsor their family members, including spouses and children regardless which will be valid for 10 Years as well.

• The latest addition of exclusive discounts through Esaad cards that are gifted to golden visa holders. These cardholders can benefit from 10 to 20 per cent discounts and additional benefits across several sectors. These include healthcare, education, retail, dining, hospitality, air travel, local commute and more, covering over 7,000 brands across the UAE and in the UK as well.

• A long-term, renewable residence visa valid for 10 years.

• Ability to stay outside of the UAE for any amount of time without having their visa nullified.

• A self-sponsored visa means No sponsor or Employer is required.

TIMELINE:

• Ready Property in 2 to 3 weeks.

• Off-plan Property in 3 to 4 weeks.

Fees are as follows:

• Estimated Government Fees – AED 11,000 (including Emirates ID, Visa and VIP Medical).

• Contact Steven Leckie for more information on Service Fee of AED 5,000.