Tuesday, 02 January 2024 12:17 GMT

No Minimum Investment For Dubai Property Visa Cost, How To Apply


(MENAFN- Khaleej Times)

Here is all you need to know about the 2-year Dubai property investment visa and its recent changes

    By: Meher Dhanjal

    Dubai has recently updated its two-year property visa requirements, easing the eligibility to receive one. This residency allows you to live in the city and benefit from a highly developed living and investment environment, with a streamlined and efficient application process.

    Now, the minimum property value requirement of Dh750,000 has been scrapped for individual investors, meaning there is no minimum investment requirement for them to obtain a visa.

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    However, if more than one person jointly owns the property, each investor must hold a share worth at least Dh400,000 to be eligible to apply for the residency visa, even if ownership is split equally.

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    Here is everything you need to know to obtain the visa:

    Eligibility

    Single property owner

    If you are the sole owner of a property in Dubai, you can apply for the 2-year residence visa with no minimum property value requirement.

    Multiple property owners

    If the property is jointly owned, each owner must hold a minimum share of Dh400,000 to be eligible

    Documents needed

    To sponsor a family in Dubai, you must provide the following papers with your application:

      Title deed of a property in Dubai (properties issued from other Emirates or from DIFC are not accepted)

      Liability / No Objection Certificate (NOC) from the bank (if the property is mortgaged) or a payment statement from the developer (if the property is developer-financed)

      A clear passport copy (Passport valid more than 6 months).

      Old Emirates ID (If applicable).

      A high-quality applicant digital photo that matches the ICP specifications

      Health insurance (from any insurance company in UAE)

      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).

      Applicants from the following countries Must Bring their National ID: Iran, Pakistan, Iraq, Libya, Afghanistan

    Cost

    New property investor visa: Dh10,545

    Property investor visa renewal: Dh8,215

    Property investor visa cancellation: Dh1,239

    How to apply

    Applying for the visa is fairly easy. Applicants just need to visit the official webite ( and follow the steps below:

    Read and accept the terms and conditions

    Select whether or not the applicant is living in the UAE

    Upload documents and fill out the applications

    Sumbit application and complete payment

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Khaleej Times

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