Real Estate Investor for the UAE Golden Visa

The United Arab Emirates (UAE) has emerged as a global hotspot for investors seeking opportunities in real estate. One particularly attractive incentive for investors is the UAE Golden Visa program. In this article, we will explore how becoming a real estate investor can pave the way to obtaining the coveted UAE Golden Visa.

Eligibility Conditions to Apply for UAE Golden Visa

The eligibility conditions for applying for a UAE Golden Visa through real estate investment can vary depending on the emirate and the specific circumstances. Here are some common requirements and conditions for obtaining a Golden Visa through real estate investment in the UAE:

General Requirements:

Property Ownership: You must own one or more properties with a total value of AED 2 million. This ownership should be proven through official documentation.
A loan from a Local Bank: If you have purchased the property through a loan from a local bank, the local entity must authorize the bank. This means that your financing arrangement should comply with the regulations.
Property Documentation: Depending on whether your property is fully owned, mortgaged, or off-plan, there are specific document requirements:
Fully Owned Property: You may need a registered Purchase Agreement with the Dubai Land Department (DLD) or a Real Estate Unit Value Certificate. You typically need one of these documents to prove your ownership.
Mortgaged Property: You might need a Real Estate Unit Value Certificate issued by the DLD or another authorized real estate registration entity. You may also need a Search Certificate from the DLD to confirm that the property is not subject to any legal seizure.
Off-plan Property: For properties still under construction (off-plan), you will need a Purchase Agreement from an approved real estate developer. This agreement should provide details about the property, the owner (you), the address, and the purchase value. Additionally, you’ll need to show evidence that the property’s value is not less than AED 2,000,000.

Additional Conditions by Emirate:

Abu Dhabi: The Abu Dhabi Residents Office may require investors to maintain their investment for at least 2 years after obtaining the real estate investment visa. You should hold the property for a minimum duration before being eligible for the Golden Visa.
Dubai: Dubai has specific document requirements for different types of properties, as outlined above. Ensure that you meet the documentation criteria relevant to your property type.

Where to Apply for a Golden Visa in the UAE

You can apply for a Golden Visa in the UAE through various channels, as you mentioned:

ICP official website: This likely refers to the UAE’s Federal Authority for Identity and Citizenship (ICA) online portal, where visa applications can be submitted.
Abu Dhabi Residents Office: This may be a specific office in Abu Dhabi where you can apply for the Golden Visa.
The GDRFAD website: This could be another online platform related to visa services.
UAEICP phone application: The UAE’s immigration authorities may provide a mobile application for visa-related services.
Customer happiness centers: These are government service centers where you can inquire about and process various government-related services, including visas.
Authorized typing centers: Typing centers in the UAE help with the documentation and typing services needed for visa applications.

Application Process for Real Estate Investor Golden Visa

Here are the steps to apply for a Golden Visa as a real estate investor, whether you’re in Dubai, Abu Dhabi, or any other emirate:

UAE Golden Visa Website (Online Application):

Start by visiting the official UAE Golden Visa website.
Complete the online application form.
On the services list, select “Golden Visa Services.”
Upload all the necessary documents as specified.
Pay the required fees.
You will then receive a confirmation email regarding your application.

Customer Happiness Centers:

Locate and visit your nearest Customer Happiness Center.
Obtain a queue ticket.
Present all the required documents to the designated officer.
Pay any applicable service fees if necessary.

Typing Centers:

Find the nearest typing center authorized by the ICP (Identity and Citizenship Authority).
Submit the completed application form along with all required documents.
Make the required fee payments at the typing center.

Following these steps diligently will help you smoothly navigate the application process for your Golden Visa as a real estate investor.

Benefits of a Real Estate Investor Golden Visa in the UAE

Obtaining a Golden Visa through real estate investment in the UAE offers several benefits, including:

Easily Renewable Visa for 5 Years: Golden Visa holders who have obtained their visa through real estate investment enjoy the advantage of easily renewing their visa for 5 years. This provides stability and long-term residency in the UAE, reducing the need for frequent visa renewals.
Extended Travel Flexibility: Golden Visa holders can leave the UAE for extended periods, up to 6 months straight, without losing their visa status. This flexibility is particularly beneficial for individuals who frequently travel for business or personal reasons.
No Need for a Sponsor: Unlike some other types of visas in the UAE, Golden Visa holders do not require a local sponsor or employer to stay in the country. This independence allows individuals to manage their residency status without needing a sponsor’s involvement.
Residency Permits for Family Members: Golden Visa holders can apply for residency permits for their immediate family members, including spouses, children, and, in some cases, parents. This means the entire family can reside in the UAE together, benefiting from the country’s lifestyle and opportunities.
Sponsorship of Domestic Helpers: Golden Visa holders also have the privilege of sponsoring domestic helpers or workers. This can be especially valuable for families or individuals who require household chores and childcare assistance.
Continued Residency for Family in Case of Primary Holder’s Demise: In the unfortunate event of the primary Golden Visa holder’s passing away, their family members may continue to reside in the UAE until the expiration of their permits. This provision offers security and continuity for the family, ensuring they are not immediately required to leave the country during a challenging time.

Conclusion

In the world of investment and residency, the UAE Golden Visa stands as a shining beacon, offering a path to prosperity and a privileged life in the United Arab Emirates. Through this article, we’ve unraveled the exciting journey of becoming a real estate investor for the UAE Golden Visa.

So, whether you’re captivated by the dazzling cityscape of Dubai or the cultural richness of Abu Dhabi, the UAE Golden Visa could be your key to a future filled with possibilities. Make informed decisions, invest wisely, and let your dreams of calling the UAE your second home become a reality. Your journey to a prosperous future begins here.