Golden Visa in Dubai: 3 Exclusive Privileges of Owning a Property
The Golden Visa in Dubai is one of the most attractive initiatives launched by the United Arab Emirates, offering a golden opportunity for investors, talented individuals, entrepreneurs, and outstanding students to enjoy long-term residency in one of the most advanced and prosperous cities in the world.
This system provides numerous benefits that make Dubai an ideal destination for stability and investment, particularly through real estate investment in Dubai, which is one of the main ways to obtain the Golden Visa. In this article, we provide a comprehensive guide containing all the details you need, including the required fees, procedures for obtaining the visa, renewal processes after expiration, and answers to frequently asked questions you might have.
What is the Golden Visa in Dubai?
The Golden Visa is a long-term residency system introduced in 2019, aimed at attracting investors and exceptional talents from around the world. Beneficiaries can obtain residency for 5 or 10 years, renewable automatically.
Key Features of the Golden Visa:
- Long-term residency: Offers a residency of up to 10 years.
- Family sponsorship: Includes spouse and children, regardless of their age.
- Freedom of travel: No restrictions on traveling to and from the UAE.
- Living without a sponsor: No need for a local sponsor, unlike traditional visas.
- Encouraging investment: The Golden Visa incentivizes investment in various sectors, especially in real estate investment in Dubai.
| Feature | Golden Visa | Traditional Visa |
|---|---|---|
| Duration | 5 or 10 years (auto-renewable) | 1 to 3 years (depending on visa type) |
| Sponsor Requirement | Not required | Required |
| Family Sponsorship | Includes spouse and children regardless of age | Subject to conditions like age and work status |
| Travel Restrictions | No travel restrictions | Visa may be canceled if the holder leaves the UAE for an extended period |
| Focus on Investment | Encourages investment in real estate and businesses | Not specifically aimed at investment |
| Costs | Requires investment, e.g., property worth at least AED 2 million | Generally lower, depending on visa type |
Eligible Categories for the Golden Visa
The Golden Visa includes several categories, each with specific conditions and requirements.
1. Real Estate Investors
- Purchasing a property or multiple properties with a total value of no less than AED 2 million.
- The property can be ready or under construction from an approved developer.
- If the property is purchased through a loan, the loan must be from a UAE-based bank.
2. Entrepreneurs
- Business owners with successful projects or plans to launch new ventures in the UAE.
- Providing financial evidence to confirm the success of the business.
3. Specialized Professionals
- Doctors, engineers, scientists, and highly skilled professionals.
- A minimum of 10 years of professional experience.
- A monthly salary of no less than AED 30,000.
4. Outstanding Students
- Students with a high school grade average of at least 95%.
- University graduates with high grades or from globally ranked universities.
5. Creative Talents and Artists
- Professionals in arts, culture, and creativity with proof of achievements such as awards or notable contributions.
Fees Required for the Golden Visa
The fees vary based on the type of application and the eligible category, and they can be divided as follows:
1. Fees for the Initial Golden Visa Application
- Residence visa issuance fees: Ranges between AED 2,800 to AED 3,800.
- Medical examination fees: Around AED 320.
- Emirates ID fees: Approximately AED 1,070 for a 10-year visa.
- Processing and government service fees: Ranges between AED 500 to AED 1,000.
2. Fees for Real Estate Investors
- If you are a real estate investor, the total fees range between AED 5,000 to AED 7,000, including property registration costs.
3. Entry Permit Fees
- If applying from outside the UAE, the entry permit fees are approximately AED 1,150.
How to Obtain the Golden Visa Through Real Estate Investment in Dubai?
To acquire the Golden Visa in Dubai through real estate investment, certain conditions and criteria set by the UAE government must be met. Below are the detailed steps:
1. Purchase a Property of a Specific Value
To qualify for the Golden Visa, the property you buy in Dubai must have a value of at least AED 2 million. The property can be a residential apartment, villa, or even commercial property.
2. Buy a Ready or Off-Plan Property
You can buy a ready-to-move-in property or an off-plan property (under construction) from an approved developer. However, the property must be registered with the Dubai Land Department.
3. Provide the Required Documents
To obtain the Golden Visa, the following documents must be submitted:
- A sale and purchase agreement for the property (officially registered).
- A title deed issued by the Dubai Land Department.
- A valid passport.
- Proof that the property value equals or exceeds AED 2 million.
4. Apply for the Golden Visa
After completing the property purchase and preparing the required documents, you can apply for the Golden Visa through approved service centers or via the Dubai government’s online portal.
3 Exclusive Privileges of the Golden Visa When Owning Property in Dubai
Family Stability
The Golden Visa in Dubai offers investors the opportunity to sponsor their family members (spouse and children), allowing them to settle in a safe and prosperous environment.
Economic Freedom
The Golden Visa enables investors to manage their investments and businesses without the need for a sponsor or local partner. Additionally, investors enjoy tax exemptions on personal and corporate income.
Access to Exceptional Investment Opportunities
Dubai is one of the fastest-growing real estate markets in the world, offering investors the opportunity to achieve high returns through property rentals or resale.
Renewal Procedures for the Golden Visa After Expiration
When the Golden Visa expires, it can easily be renewed for a similar period (5 or 10 years) by following these steps:
-
Ensure Eligibility Criteria Are Met
- If you are a property investor, you must continue to own property worth at least AED 2 million.
- If you are a professional or business owner, you must continue to meet the required conditions.
-
Undergo a Medical Examination
- A new medical examination is required as part of the renewal process.
-
Update Emirates ID
- Upon renewing the visa, a new Emirates ID card will be issued for the same duration as the visa.
-
Submit the Application Through Official Channels
- Submit the renewal application either via the Dubai Smart Government portal or service centers like “Amer.”
-
Pay the Renewal Fees
- Renewal fees are similar to the initial application fees and range between AED 2,800 to AED 3,800.
Frequently Asked Questions
-
Can I sell the property after obtaining the Golden Visa?
- No, you must retain ownership of the property throughout the Golden Visa’s validity to maintain eligibility.
-
Does the Golden Visa include family members?
- Yes, it includes the spouse and children, regardless of their age.
-
Are there penalties for late renewal?
- Yes, if you delay renewal, daily financial penalties may be applied.
-
Can I renew the Golden Visa from outside the UAE?
- Yes, you can submit the renewal application from outside the UAE, provided all required documents are available.
-
Are renewal fees different from the initial application fees?
- No, renewal fees are generally similar to the initial application fees.
Tips for Real Estate Investment to Obtain the Golden Visa
- Choose properties in high-demand areas: Such as Dubai Marina, Downtown Dubai, and Palm Jumeirah.
- Work with approved developers: To ensure property quality and legal compliance.
- Invest in off-plan properties: To benefit from lower prices and higher future returns.
- Carefully review contracts: Ensure you understand all terms related to purchase and maintenance.
The Golden Visa in Dubai is not just a residency permit but a gateway to stability in one of the most prosperous cities in the world. Whether you are an investor, a professional, or an outstanding student, the Golden Visa offers unmatched opportunities for you and your family.
With reasonable fees and easy renewal procedures, the Golden Visa remains a leading choice for those looking to settle or invest in Dubai. If you are considering real estate investment in Dubai as a way to secure the Golden Visa, now is the perfect time to turn your dreams into reality.
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