Investing in property in the UAE comes with a significant advantage: the opportunity to secure a Property Investor Visa. This visa not only allows you to reside in one of the world’s most dynamic countries but also offers a range of benefits that make your investment even more rewarding. Below is a step-by-step guide to help you navigate the process of obtaining a 2-year Property Investor Visa in the UAE.

Eligibility Criteria

To be eligible for a 2-year Property Investor Visa, you must meet the following criteria:

  1. Property Value: You must own a property (ready & not under – construction) in Dubai with a minimum value of AED 750,000 (approx. USD 204,000). The property should be freehold, meaning you own the property outright, including the land it stands on.

  2. Property Ownership: The property must be registered in your name. If it is jointly owned, each owner must have a share worth at least AED 750,000 to be eligible for the visa.

  3. Completion Status: The property must be fully constructed and ready to move in. Off-plan properties or those under construction do not qualify.

  4. No Mortgage: The property should be fully paid off. However, if there is a mortgage, at least 50% of the property’s value or AED 750,000 (whichever is higher) must be paid, and the balance can be mortgaged.

Required Documents

To apply for the 2-year Property Investor Visa, you’ll need the following documents:

  1. Title Deed: A copy of the title deed issued by the Dubai Land Department (DLD). The applicant’s name in the title deed must be matching with the name in the passport.

  2. Passport: A clear copy of your passport (valid for 6 months).

  3. Property Valuation Certificate: Issued by the DLD, confirming the value of your property. The property value stated in the title deed must be at least AED 750,000.

  4. No Objection Certificate (NOC): If the property is mortgaged, a NOC from the bank is required and it must show the total paid amount and remaining amount. If the property is mortgaged by the developer, a copy of the initial certificate would be required.

  5. Police Clearance Certificate: Dubai Police issued a certificate of good conduct and behavior addressed to the Dubai Land Department (for residents, use the Dubai Police mobile app; for non – residents, please visit the Dubai Police station in Port Rashid).

  6. Health Insurance: Proof of health insurance coverage in the UAE.

Application Process

  1. Property Valuation: Start by obtaining a property valuation certificate from the Dubai Land Department (DLD).

  2. Visit the Dubai Land Department (DLD): Submit the necessary documents at the DLD office or through their online portal.

  3. Apply for Visa: Once your property ownership is confirmed, you can proceed to the General Directorate of Residency and Foreigners Affairs (GDRFA) to apply for the visa.

  4. Medical Test: Undergo a medical fitness test as part of the visa application process.

  5. Receive Visa: Upon approval, you’ll receive your 2-year Property Investor Visa, which can be renewed as long as you continue to meet the eligibility criteria.

Benefits of the Property Investor Visa

  • Residency in Dubai: The visa grants you and your dependents (spouse and children) residency in Dubai for 2 years, with the possibility of renewal.

  • Ease of Travel: As a UAE resident, you can travel freely to and from Dubai without needing a visa.

  • Access to Services: The visa allows you to open a bank account, obtain a driver’s license, and access various services in the UAE.

Renewal Process

The Property Investor Visa is renewable every two years, provided you still meet the eligibility requirements. You should start the renewal process one month before the visa expiration.

Important Notes

  • Rental Income: While the property can be rented out, the visa is linked to your continued ownership of the property.

  • Legal Compliance: Ensure all legal and procedural guidelines are followed to avoid any issues with your visa status.

Why Choose Redlac Real Estate LLC?

Navigating the UAE’s property market and visa processes can be complex. Redlac Real Estate LLC offers expert assistance to ensure a smooth experience from start to finish. Whether you’re investing in your first property or expanding your portfolio, Redlac Real Estate LLC is here to guide you every step of the way.