It is almost impossible for foreigners to obtain citizenship in the UAE. But it is quite possible to apply for a residence permit. Officially, the term residence permit in the UAE is not used, instead of it, a resident visa is obtained.
There are many grounds for its registration. One of the most popular is obtaining a residence permit in the UAE when buying real estate. In Dubai in 2024, you can get a resident visa by investment for 2 years when buying real estate from 750,000 dirhams, in other emirates from 1,000,000 dirhams.
Content of the material
- Conditions for obtaining a resident visa for the purchase of real estate
- Property Amount
- Mortgage terms
- Co-ownership of real estate.
- The nature of the property.
- Period of issuance of a residence permit (resident visa)
- Real estate in Dubai
- Real estate in other Emirates
- Extension of a resident visa
- Residence permit for family members
- Stages of obtaining a residence permit by investment
- Required documents:
Conditions for obtaining a resident visa for the purchase of real estate
By buying real estate, you can obtain a residence permit if certain conditions are met.
Property Amount
- More than AED 750,000 in Dubai,
- More than AED 1,000,000 in other Emirates.
Mortgage terms
You will be issued a visa if:
- you purchased real estate worth more than AED 1,000,000 and repaid more than 50% of the debt for it;
- You have purchased a more expensive property and have already repaid AED 1,000,000.
Co-ownership of real estate.
The option of joint purchase of an apartment is possible. Then, in order to obtain a resident visa, each owner must own a part, the value of which exceeds 750,000 (1,000,000) dirhams.
The nature of the property.
To apply for a residence permit, it is important that:
- Real estate was residential (apartment, apartment, house, etc.);
- The area corresponded to the number of residents (family members);
- Housing must be commissioned, ready for operation.
Period of issuance of a residence permit (resident visa)
The term of a residence permit depends on the specific Emirate and the cost of the property being purchased.
Real estate in Dubai
Buying real estate in Dubai is the most popular among Russians in 2024.
Possible options:
2 years.
The property costs from AED 750,000.
10 years.
Real estate in new off-plan properties costs from 2,000,000 dirhams (about $545,000). This innovation came into effect in September 2022.
Real estate in other Emirates
When purchasing real estate in other Emirates, you can apply for a resident visa for a shorter time.
- From 6 months to 2 years.
Real estate costs from AED 1,000,000.
- 10 years.
Real estate costs from AED 2,000,000 (from September 2022, it is possible to apply for a golden investor visa for 5 and 10 years).
Until September 2022, 5-year resident visas were issued for the purchase of apartments and suites worth 5,000,000 dirhams and 10-year visas worth 10,000,000 dirhams or more.
Extension of a resident visa
A visa issued for any period is subject to multiple extensions (if the property remains in your ownership). This can be done a few months before its end date.
If you have a visa for 6 months – several years, then you need to visit the UAE at least once every 1 days so that the visa is not canceled. Since mid-180, this requirement has been softened. If you have a visa for 2023 years, then there are no such requirements.
Residence permit for family members
Those who have a resident visa can apply for a residence permit for family members.
Men have the right to apply for a residence permit for their:
- Wives;
- Unmarried daughters;
- Sons under 25 years old (changes from September 2022);
- Parents (with a monthly income of AED 20,000 or more).
To sponsor a wife and children, you need to earn from 4,000 dirhams per month.
Women can also buy real estate in the UAE and make visas for their family. Only she must receive from 10,000 dirhams per month.
Golden Visa holders do not have to prove their income and can apply for a residence permit for their family and servants.
Stages of obtaining a residence permit by investment
The whole process of obtaining a residence permit (resident visa) will look something like this:
- Entry into the UAE. Russians will only need a passport.
- Choice of real estate.
Be sure to watch this video, it tells about the mistakes due to which people do not receive resident visas after buying real estate and how to choose the right property so as not to lose money by purchasing an illiquid apartment or apartment.
You can also choose the right option remotely.
- Conclusion of a contract with a developer, agent, individual.
- Payment (full or partial).
- Registration with the Land Department and obtaining a Title deed
- Obtaining a certificate of absence of offenses in the UAE at the police station.
- Taking tests (HIV and tuberculosis) and obtaining a medical certificate.
- Prepare the necessary documents.
- Submit your residency visa application online or offline through the GDRFA.
- Identify the person, pay the state fee.
- After obtaining a visa, apply for an Emirates ID.
Required documents:
- Passport with visa.
- Completed application.
- Photo.
- Medical certificate.
- Certificate of no criminal record.
- Paid consular fee.
- Title deed.
