Real Estate

UAE residence permit through real estate

The United Arab Emirates in recent years has become one of the most attractive destinations for international investors and those who dream of living in a dynamically developing state. The UAE has a special system of residency, different from the classic “residence permit”. One of the most popular options is a residency visa through real estate investments. Its owners have access to the first-class infrastructure of the country: innovative health care system, prestigious educational institutions and developed financial sector. How to obtain residency through the purchase of real estate in the UAE and what are the key advantages – let us examine in detail.

Advantages and privileges for residents

A visa obtained through the purchase of real estate is usually granted for 3 or 5 years with the possibility of renewal. This provides investors and their families with stability and certainty of residency rights. The visa holder can sponsor resident visas for immediate family members, including spouse and children.

In addition, property Visa UAE gives the opportunity to open bank accounts, apply for loans and mortgages, as well as purchase cars for leasing. Residents have the right to use high quality medical services in public and private clinics, as well as to send children to schools and universities in the UAE.

It should be noted that real estate in Dubai is considered a reliable asset due to the stability of the country’s economy, the absence of personal income tax and a favorable investment climate.

Requirements for obtaining a visa through the purchase of real estate

Purchase in Freehold Zones. In order to gain full ownership over real estate properties, foreign nationals can only purchase real estate in specially designated areas known as freehold zones. These include popular areas of Dubai such as Dubai Marina, Downtown Dubai, Palm Jumeirah, JLT and others.

Minimum purchase amount. To qualify for a resident visa, the value of the property purchased must be at least 750,000 UAE dirhams (approximately $204,000). Please note that the amount may vary depending on the state’s policy, so it is recommended to check the current data.

Property type. The property to be purchased should be completed, i.e. ready for occupancy. Land plots, properties under construction do not qualify for a visa.

Payment. If the property is purchased on credit, a minimum of 50% of the value of the property must be paid or the mortgage balance must not exceed 375,000 UAE dirhams.

Registration and confirmation. After purchasing a property, it is necessary to register it with the Land Department of the relevant Emirate and obtain a Title Deed.

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