UAE: Here are the various visas you can get on purchasing a property

UAE: Here are the various visas you can get on purchasing a property

Dubai property boom is likley to continue despite global headwinds

By Matthew Gregory Published: Wed 14 Jun 2023, 3:26 PM

What are the various property linked visas available for expats?

The primary visa in the UAE linked to property ownership is the Golden Visa. This visa provides a five-year validity period, eliminating the need for renewal every two years. It also allows unlimited time spent outside of the country, compared to the requirement of returning within six months to maintain the validity of the two-year visa. To be eligible for the Golden Visa, individuals must own property or properties with a minimum equity value of Dh2 million.

Another visa option is the Property Investor Residence Visa. This visa is designed for individuals who are interested in investing over Dh750,000 in property registered under their own name or Dh1 million if the property is registered under their spouse’s name. Similar to a standard visa, it necessitates returning to the country once every 180 days and is renewable every two years.

It is important to note that for both of these visas, the investment value must be fully paid. In other words, purchasing a property for Dh750,000 with a mortgage does not meet the eligibility criteria. The