Globally renowned for its lifestyle, economic stability, and ease of doing business, the United Arab Emirates (UAE) has emerged as a desirable country to live in. With its exciting infrastructure, new business opportunities, stable economy, and tax-free income, the UAE offers a high quality of life. While the country does not provide permanent residency for foreigners, the UAE Golden Visa program allows expats to obtain long-term residency by making a property investment in Dubai. In this article, we will explore how you can obtain UAE residency through property investment and acquire the coveted Golden Visa.


Understanding the UAE Golden Visa The UAE Golden Visa is a long-term residence visa that enables expatriates to live in the country. Recently, the UAE government simplified the process for obtaining the Golden Visa by allowing property investment in Dubai as a qualifying criterion. This initiative offers several benefits, including:

  1. Opportunity to Buy Off-Plan Properties and Get a Mortgage: The Golden Visa program allows investors to purchase off-plan properties in Dubai and even obtain a mortgage, providing flexibility and accessibility in the property market.

  2. Reduced Investment Amount: The investment threshold for the Golden Visa program has been reduced to AED 2 million, making it more attainable for individuals looking to obtain UAE residency.

  3. Extended Stay Period: Unlike the usual requirement to stay in the UAE for a minimum of six months, Golden Visa holders are allowed to stay outside the country for a longer duration, providing increased flexibility for travel and personal commitments.

  4. Sponsorship Privileges: Golden Visa holders have the privilege of sponsoring family members and employing unlimited domestic helpers, enhancing the benefits of residing in the UAE.

Requirements for the UAE Golden Visa To be eligible for the 10-year renewable investor visa in Dubai, individuals must fulfill the following conditions:

  1. Property Ownership: Applicants need to provide a provisional letter from the Dubai Land Department (DLD) or the respective emirate, confirming ownership of one or more properties valued at AED 2 million or more.

  2. Mortgage Consideration: For properties purchased with a mortgage, applicants must obtain a No Objection Certificate (NOC) letter from the bank, stating the paid and remaining amounts. This NOC allows the issuance of a visa on the property.

  3. Age Confirmation: Applicants need to provide proof of age to fulfill the visa application requirements.

  4. Income Verification: The legality and source of income must be confirmed to meet the visa application criteria.

  5. Health Report: Applicants are required to submit a health report certifying the absence of socially dangerous diseases.

Investing in Dubai Property: Benefits Beyond Residency Apart from the residency visa, investing in Dubai property offers numerous advantages. Recognized as one of the world's most investor-friendly countries, the UAE has witnessed a growing demand for real estate. Dubai, in particular, has become a metropolis with abundant investment opportunities, innovative planning, investor-friendly initiatives, exceptional infrastructure, and an improved standard of living. Property investors in the UAE can anticipate financial growth through rental demand, high return on investment (ROI), and rapid property price appreciation.

Expats living in and outside the UAE equally consider UAE residency by investment. The property market in Dubai is stable and promising, with property prices having stabilized as the market matures. The UAE government's simplified property ownership laws and introduction of freehold areas have accelerated the real estate cycle, making it an opportune time to invest in Dubai property.

If you are ready to embark on the journey to homeownership and obtain UAE residency through property investment, start your property search with Nu Mortgage today. Our experienced property consultants are ready to assist you and provide more information on the process.

Nu Mortgage Newsletter