Golden Visa for Property Owners in Dubai

Dubai Property Owners Golden Visa Benefits Explained

Dubai has cemented its position as a global hub for luxury living, investment, and economic opportunity. One of the standout offerings that has attracted property investors worldwide is the Golden Visa for Property Owners. This initiative, launched by the UAE government, allows property owners to secure long-term residency in the country, providing a myriad of benefits.

In this blog, we delve into the details of the Golden Visa for property owners in Dubai, covering eligibility requirements, benefits, the application process, and why it is an attractive option for real estate investors.

What is the Golden Visa in Dubai?

The Golden Visa is a long-term residency visa introduced by the UAE government to attract investors, professionals, and talented individuals to the country. It allows expatriates to live, work, and invest in the UAE without needing a local sponsor. One of the most popular categories is the Golden Visa for property owners, aimed at individuals investing in Dubai’s flourishing real estate market.

Eligibility Requirements for the Golden Visa for Property Owners in Dubai

To qualify for the Golden Visa for property ownership, applicants must meet specific criteria. Here are the detailed eligibility requirements:

1. Minimum Property Value:

The property must have a minimum value of AED 2 million*. This can include freehold residential or commercial properties.

2. Ownership Type:

The Ownership must be in the applicant’s name. Mortgaged properties are eligible, provided the outstanding balance meets the AED 2 million threshold.

3. Joint Ownership:

In cases of joint ownership, the individual’s share must be at least AED 2 million*.

4. Property Categories:

Eligible properties include apartments, villas, and commercial units.

5. Tenancy Compliance:

Properties must be under the freehold category to qualify.

Benefits of the Golden Visa for Property Owners

Investing in Dubai’s real estate not only provides financial returns but also ensures access to a host of benefits through the Golden Visa:

1. Long-Term Residency:

Property owners can secure a residency visa valid for up to 10 years, renewable.

2. Sponsor Family Members:

Visa holders can sponsor their immediate family members, including spouses and children, regardless of age.

3. No Local Sponsor Requirement:

Investors do not need a local Emirati sponsor to secure residency.

4. Tax-Free Living:

The UAE has no personal income tax, capital gains tax, or inheritance tax, making it an ideal place to live and invest.

5. Ease of Travel:

Golden Visa holders can enjoy seamless travel to and from the UAE.

6. Path to Business Opportunities:

Residency allows investors to set up and operate businesses in Dubai’s thriving market.

7. Access to World-Class Infrastructure:

Visa holders can benefit from Dubai’s modern infrastructure, healthcare, and education systems.

Steps to Apply for the Golden Visa for Property Owners

Applying for the Golden Visa in Dubai is a straightforward process if you meet the eligibility criteria. Here is a step-by-step guide:

1. Verify Eligibility

Ensure that your property meets the AED 2 million minimum value requirement and is fully owned. Gather the necessary documents, including:

• • Property title deed
  • Passport copy
  • Emirates ID (if applicable)
  • Bank statements (if mortgaged)

2. Flying Colour Business Setup Services

Head to Flying Colour Business Setup Services to initiate your Golden Visa application process. Our team ensures a hassle-free experience by managing the entire application process, including document preparation, submission, and follow-ups…

3. Pay the Application Fee

Submit your application along with the required fees. The typical cost for processing the visa is approximately AED 4,000* to AED 5,000*, but this may vary.

4. Medical Examination

As part of the visa requirements, applicants must undergo a medical fitness test at an approved centre.

5. Secure Emirates ID

After the medical test and visa approval, apply for your Emirates ID through the Federal Authority for Identity and Citizenship (ICA).

6. Receive Your Golden Visa

Once all procedures are completed, you will receive your Golden Visa, granting you long-term residency in Dubai.

Why Choose Dubai for Real Estate Investment?

Dubai’s real estate market offers a unique combination of stability, high returns, and growth potential. Here are some reasons why investing in property here is a smart decision:

(i) High ROI:

Dubai offers some of the highest rental yields globally, averaging between 5-8%.

(ii) Global Hub:

Its strategic location connects investors to key markets in Europe, Asia, and Africa.

(iii) Secure Investment Environment:

The UAE government’s transparent laws and investor-friendly policies ensure the safety of investments.

(iv) Lifestyle Destination:

Dubai is home to world-class amenities, from luxury shopping malls to iconic landmarks like the Burj Khalifa, Palm Island, Burj Al Arab, etc.

The Golden Visa for property owners in Dubai is a game-changer for investors seeking long-term residency in the UAE. With its clear eligibility criteria, tax benefits, and access to a thriving real estate market, it’s an attractive option for anyone looking to build a secure future.

Whether you’re an expatriate seeking stability or a high-net-worth individual aiming to safeguard your wealth, the Golden Visa offers unparalleled advantages. Dubai’s position as a global hub and its investor-friendly policies ensure that your investment yields not only financial rewards but also a lifestyle that is second to none.

Why Choose Flying Colour for Your Golden Visa Journey?

With over 20 years of experience in residency solutions and business setups, Flying Colour Business Setup has helped thousands of clients secure their future in the UAE. Here’s what sets us apart:

• Expert Consultation: We assess your eligibility and provide tailored advice.
• Hassle-Free Process: From documentation to application submission, we handle it all.
• Dedicated Support: Our team is available to address your concerns at every step.
• Proven Track Record: We’ve successfully assisted hundreds of property owners in obtaining their Golden Visa

Therefore, to learn more about the Golden Visa for Property Owners in Dubai. Book a free consultation with one of the Flyingcolour team advisors.

The article was published on 18/12/2024. It is important to note that the federal policies and updates mentioned may have changed since then. For the most current information, please contact our consultant!

Frequently Asked Questions (FAQs)

1. Can I include multiple properties to meet the AED 2 million* requirement?

Yes, the total value of multiple properties can be combined, provided they are owned by the same individual.

2. Is there a minimum age to apply for the Golden Visa?

No, there is no minimum age limit for property owners applying for the visa.

3. What happens if I sell my property after obtaining the Golden Visa?

If you sell your property, you may lose eligibility for the visa unless you reinvest in another qualifying property.

4. Are there any restrictions on nationalities?

No, the Golden Visa is open to all nationalities who meet the investment criteria.

5. How long does the application process take?

The process typically takes 2-4 weeks, depending on documentation and approvals.