If we buy a property in Dubai, can we get a visa?
Yes, purchasing a property in Dubai can provide you with the opportunity to obtain a residence visa, commonly known as a "Dubai Property Visa" or "Dubai Investor Visa."
However, there are certain requirements that need to be met to be eligible for this visa.
Here are some key points to consider:
Property value: To be eligible for a Dubai Property Visa, the value of the property you purchase should generally be AED 2 million and above.
Property ownership: You must be the registered owner of the property to qualify for the visa. If the property is jointly owned, all owners may be eligible for the visa, if each owner is holding shares to a value of 2 million AED and more.
Property type: The Dubai Property Visa is typically associated with residential properties, such as apartments or villas. However, in some cases, commercial property owners may also be considered for visa eligibility.
Investment duration: The property should be held for as long as the visa is valid if the property needs to be sold, the visa needs to be canceled or shifted to another property of similar value or more.
Other requirements: When buying the property, a background check is done by authorities to ensure, and provide proof of financial stability, having no criminal records, and meeting health and character requirements.
It's important to note that obtaining a Dubai Property Visa does not automatically grant you the right to work in Dubai. If you intend to work, you will need to secure a separate employment labor card or meet the requirements for a business setup in Dubai.
The rules and regulations regarding visas in Dubai are subject to change, so it is recommended to consult with the relevant Dubai authorities or seek professional advice from immigration consultants or real estate experts to get the most accurate and up-to-date information regarding the eligibility criteria and process for obtaining a residence visa through property ownership in Dubai.
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