Ask the law: What visa options do I have if I buy a property in UAE?

Ask the law: What visa options do I have if I buy a property in UAE?

Q. In the event of buying a property from a developer, am I legally entitled to obtain a residence permit for myself and my family members? Will the residence be golden or normal? And if I sell the property, will the residence permit be cancelled? Please advise. A. In such a scenario, you will be able to apply for one of the following Real Estate Residence visas (Taskeen): Golden Visa-Investor; Golden Visa-Retired; or Investor Visa. Golden Visa-Investor: This service allows the real estate investor who owns a property valued at Dh2 million or more at the time of purchase (one property or more) under the applicant’s name to apply for a 10-year renewable residency visa, and the husband or wife and children can be sponsored. In case the property is mortgaged, an NOC letter from the bank must be obtained to issue a visa on the property and it should show the paid and remaining amounts. Golden Visa-Retired: This service allows the real estate retired investor who owns a property valued at Dh1 million or more at the time of purchase to apply for a five-year renewable residency visa, and the husband or wife and children can be sponsored. The