As per the regulations of the Dubai Land Department, individuals who purchase a property in Dubai of minimum value of AED 1,000,000 are entitled to apply for a UAE residence visa.
The property must be a freehold property (located in a freehold area) and not under construction (off-plan) as it must be in a habitable condition. Investors who lease properties, including 99-year lease agreements, are not eligible to apply for the relevant residence visa as they are not considered as the rightful owners of such properties.
Types of property accepted when submitting the Property Investment Visa application include, apartments, serviced apartments, villas/townhouses, hotel apartments, hotel rooms and commercial properties such as offices and warehouses.
Property Investment Residence Visa options available for investors are as follows:
It should be noted that the above options are Residence Visas, so the investors applying (including sponsored family members) will not be permitted to work within the UAE.
The Regulations of the Dubai Land Department are constantly updated and the relevant requirements may vary.
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