Dubai Residence Visas for Investors
Introduction
Investing in the UAE offers more than just financial returns. It also opens the door to obtaining various types of residence visas, which allow investors to live, work, and enjoy the benefits of residing in Dubai. From the 3-Year Residence Visa to the prestigious 10-Year Golden Visa, there are options to suit different investment levels and durations. This guide, provided by UAE Offplan Property, details the types of investor visas available in Dubai, the application process, necessary documentation, and associated fees.
Types of Investor Visas in Dubai
1. 3-Year Residence Visa: This visa is designed for those who invest in residential property in Dubai. The property must be worth at least AED 1 million. This visa allows investors to live in the UAE while managing their investment without the need for a national sponsor.
2. 5-Year Green Visa: Introduced as part of broader efforts to attract skilled professionals and investors, the 5-Year Green Visa is extended to those who invest in property with a value of no less than AED 2 million. It offers more stability and less frequent renewals than the 3-Year Residence Visa.
3. 10-Year Golden Visa: The Golden Visa is aimed at high-net-worth individuals who invest at least AED 10 million in public investments, including real estate. This visa category offers long-term residency and includes additional benefits, such as the ability to sponsor family members and multiple entries to the UAE for a six-month period.
4. Retirement Visa: For those looking to retire in Dubai, the Retirement Visa offers long-term residency options. Applicants must be over the age of 55 and meet certain financial criteria, such as owning a property in Dubai worth AED 2 million, having financial savings of no less than AED 1 million, or an active income of more than AED 20,000 per month.
Documents Required for the Application Process
To apply for any of the Dubai residence visas for investors, you will need to provide:
- Passport copy
- Current visa copy (if applicable)
- Proof of investment (e.g., title deeds)
- Financial statements proving financial sustainability
- Medical fitness report
- Health insurance policy
The Application Process
The process for obtaining a residence visa in Dubai involves several key steps:
- Verification of Eligibility: First, ensure your investment meets the minimum requirements for the respective visa.
- Document Submission: Gather and submit all required documentation to the Dubai Land Department or the General Directorate of Residency and Foreigners Affairs (GDRFA).
- Medical and Background Checks: Undergo a medical fitness test and a security background check, mandatory for all visa applicants.
- Visa Issuance: Once all documents are verified and fees are paid, the visa is issued. The process typically takes a few weeks from the submission of documents to the issuance of the visa.
Understanding the Fees
The fees for investor visas vary depending on the visa type:
- 3-Year Residence Visa: Approximately AED 13,000
- 5-Year Green Visa: Approximately AED 15,000
- 10-Year Golden Visa: Approximately AED 20,000
- Retirement Visa: Varies based on specific circumstances
Conclusion
Obtaining a residence visa in Dubai as an investor not only enhances your ability to manage your investments closely but also allows you to enjoy the lifestyle and security that Dubai has to offer. With options ranging from three to ten years, and even retirement visas, there’s a solution for every investor. UAE Offplan Property is dedicated to helping you navigate this process, ensuring a smooth and successful application.
For more insights into investment opportunities and detailed visa application support, visit UAE Offplan Property. Our expertise is your gateway to a fulfilling life in one of the world’s most dynamic cities.
