Living in Dubai thanks to investment

Get your visa by investing in real estate in Dubai

Dubai is the fashionable destination, whether for business or pleasure. The advantages of obtaining a resident visa allow you to spend more than 6 months a year in Dubai, in addition to the tax benefits. There are several ways of obtaining a visa to live in Dubai:

• Employee visa
• Sponsored by a local
• Investing in real estate in Dubai

The Dubai Land Department allows investors to become property owners and residents with an investment of at least 750,000 dirhams (around 175,000 euros). This visa is valid for 3 years and is renewable. If the investment exceeds 5 million dirhams, i.e. around 1,248,600 euros, the visa is for 5 years, renewable. This visa can be valid for up to 10 years. Only the investor, his or her wife or husband and children are eligible for this visa.

Steps to obtain a residence visa after a real estate investment:

1. Request made via the DLD Vault website or the Dubai Rest application
2. If the application is approved, the customer goes to the Cube Centre in the Dubai Land Department office and pays the fee.
3. Must undergo medical examination and fingerprinting
4. Visa printing

You will need to provide several documents:

• For the investor :

If the property is mortgaged, 50% of the value must be paid to the bank. A letter of consent in Arabic and a bank statement are required for the visa application.

If the property is shared between spouses, a power of attorney is required if the application is submitted on behalf of the investor.

• The documents to bring concerning the family are :

A letter of consent from the investor, attested by the notary. For daughters over 18, a letter of bachelorhood is required, and for sons over 18, a certificate of education. National identity document, personal photo, health insurance, marriage certificate, birth certificate and bank statement.

Costs :

• The fee for the investor’s visa will be between AED 13,000 and AED 15,000, i.e. between €3,200 and €3,700.
• For a family visa: for the wife and daughter over 18, the fee will be around 7,061.25 AED, i.e. 1,645 euros. For a child under 18, it will cost around AED 6,361.25, i.e. 1,470 euros. And for the husband and son over 18, it will cost around 5,821.25 AED, i.e. 1,355 euros for one year only.