What is the Golden visa for Real estate investors in UAE?

There is no educational qualification for becoming a real estate investor in the UAE. The only requirement is for you to have sufficient capital to invest in the market. You must first understand the real estate market there and be able to determine whether a property is a good investment according to the market conditions and property prices at that time. 

Your work as a real estate investor includes doing due diligence to get investments that are profitable and reduce financial risks. You need to be clear on the type of real estate you want to venture in and have a plan.

When planning to buy a property in the UAE, there are several factors to look out for to ensure you make the right decision. Some factors to look at include:

Selection of Property: When choosing the property you want to invest in, consider the ones in strategic locations that have high rental yields and have potential to increase in value.

Compliance with the Law: Make sure you follow the legal channels to own or invest in a property. 

Financial Research: Do a thorough research to assess if the property makes any financial sense and the potential returns you will get from the investment.

Eligibility for Visa: go through the eligibility criteria for the Dubai golden visa program to see whether you meet the minimum requirements to apply for it. 

Professional Assistance: Look for guidance and assistance from reputable real estate agents, legal advisors and financial consultants. These professionals will help you navigate the investment process in Dubai smoothly. 

If you want to apply for the golden visa under the category of real estate investors, you must invest a certain amount of money into the UAE real estate market. You can invest in either residential, commercial or even off-plan properties in the country. 

Below are the requirements to apply for a golden visa as a real estate investor:

• You need to get a letter from the Dubai Land Department (DLD) or any other emirate’s relevant authority to prove that you own a property in the country that is valued for 2 million AED or more.
• You should have bought a property with a loan financed by an approved local bank.

The requirements may vary depending on the specific emirate you are applying a visa to. For example, if you are applying for a golden visa to Abu Dhabi, you need to maintain the investment for at least two years after they give you the real estate investment visa.

Fully Owned Property

If you fully own a property in the UAE, you need to provide either of the following documents:

• A Purchase Agreement that is registered with the DMT to show details of the property, its address, the landlord and also the value of the property.
• A Real Estate Unit Value Certificate.

Mortgaged Property

If you have acquired property on loan, you will have to show the following documents:

• A Real Estate Unit Value Certificate that is issued by the DMT or any other legal real estate registration in the country.
• A Search Certificate that is issued by DMT to prove that the property will not be possessed by any party.

Off-Plan Property

An off-plan property is a property that has not completed construction. If you invest in this type of real estate, you should produce the following documents:

• A Purchase Agreement from an approved real estate developer. This agreement should have information of the property, its address, the value of it and also details of the landlord.
• A proof that the property is worth at least 2 million AED.
   

The major benefits you enjoy with this type of visa include:

• You get long term residency of 5 or even 10 years
• You do not need a sponsor to go to the UAE
• You can leave the UAE and stay outside for 6 months and when you come back your visa will still be valid
• Your family members can get residency permits to the UAE
• You can sponsor domestic helpers to the UAE
• If you pass away and you were the primary golden visa holder, your family can still continue staying in the UAE until the time the visa expires
• You can easily renew the visa for another 5 years provided that you still meet the requirements