All visa types can be renewed an unlimited number of times (as long as the property ownership is maintained) and apply to family members — spouses, children and parents. Along with the visa, you receive an Emirates ID, which allows you to open a bank account, obtain a driver's license, etc.
Important! All UAE residents and those sponsored by them must have medical insurance. METROPOLITAN CONSULTING recommends not overlooking these rules and definitely obtaining an insurance policy.
2-year residence visa
When buying ready residential real estate in Dubai — from one to three objects with a total value of AED 750K (USD 205K) — you can get a 2-year investor visa. If you buy real estate on credit, you can apply for a visa only after paying 50% of the cost of the object or at least AED 750K (USD 205K). You also need to provide the Dubai Land Department with a certificate of no objection and an extract from the mortgage bank.
A 2-year investor visa allows you to sponsor spouses, daughters of any age, if they are not married, and sons under the age of 18. It is possible for parents to apply for a 1-year visa.
Note! The holder of a 2-year visa and family members have the right to spend no more than six months per year outside the UAE.
Golden Retirement Visa
A 5-year retirement visa is provided to investors aged 55 and over who meet one of two criteria:
- They have savings of at least AED 1M (USD 272K) in a deposit account with one of the local UAE banks
- They own ready real estate in Dubai worth from AED 1M (USD 272K).
- Retirement visa holders can sponsor a spouse and children of any age, if they are not married.
Note! There are no restrictions on the duration of stay outside the UAE.
Golden Visa for 10 years
Owners of one to three properties with a total value of AED 2M (USD 545K) can apply for a 10-year Golden Visa. If this is an off-plan property (under construction), the investor can also apply for a Golden Visa. In this case, it is necessary to obtain prior permission from the Dubai Land Department.
When buying a property with a mortgage, a 10-year visa can be obtained only if you pay AED 2M and have a letter of no objection.
The Golden Visa allows you to sponsor spouses, children of any age, if they are not married, parents and household staff. It remains valid even if you have been outside the country for more than six months. Family members are allowed to stay in the UAE for the duration of the Golden Visa in the event of the death of the main holder.