{"id":1457,"date":"2024-01-15T05:08:19","date_gmt":"2024-01-15T05:08:19","guid":{"rendered":"https:\/\/arabfirstnew.ticyt-demo.in\/?p=1457"},"modified":"2024-01-15T05:08:19","modified_gmt":"2024-01-15T05:08:19","slug":"freehold-property-visa-in-dubai","status":"publish","type":"post","link":"https:\/\/arabfirst.ae\/index.php\/2024\/01\/15\/freehold-property-visa-in-dubai\/","title":{"rendered":"Freehold property visa in Dubai"},"content":{"rendered":"

Buy Dubai house, get free trade licence<\/h3>\n
\n
<\/div>\n<\/div>\n
\n
Emaar in partnership with the\u00a0Dubai Multi Commodities Centre<\/a>\u00a0has launched almost 200 units in an under-construction building in Dubai Hills Estate. Those who pay 20 per cent of the apartment price at Executive Residences will receive a free three-year renewable business licence (estimated to be worth Dh130,000), a free three-year renewable\u00a0family residency visa\u00a0and 100 per cent business ownership. The owner can also apply for two employee visas with every trade licence.<\/p>\n

Entrepreneurs can now do away with the need to rent office premises.
\nIt will give buyers the freedom to work flexible hours and perhaps set up a business they can run from home. The offer is exceedingly attractive to families with young children as it will give parents the option to spend more time at home and be flexible with child care.<\/p>\n

A one-bedroom apartment is priced below Dh1 million while two-beds range from Dh1.2 million to Dh1.6 million. The building is slated to be ready by 2021
\nEarlier, business owners had to show their office tenancy contract as proof to get a trade licence. In this project, they can do so with their house\u00a0Ejari\u00a0certificate.<\/p>\n

With the Executive Residences, entrepreneurs and startup owners have a chance to run a home-based business legally.<\/p><\/div>\n<\/div>\n

\n

Freehold Property Visa in Dubai<\/h3>\n

Individuals who have purchased a property for a minimum value of\u00a0Dh1 million<\/strong>\u00a0are entitled to apply for residence visa in the UAE, provided
\nsuch a property has been completed and
\nhanded over to its owner by the developer.
\nSuch a visa is valid for two years.<\/p>\n

Five-year residence visa will be given to owners of UAE real estate worth at least\u00a0Dh5<\/strong>\u00a0million as long as ownership is not based on loans.<\/p>\n

Renewable\u00a010<\/strong>-year visas will be provided to foreigners with investments in the UAE of at least\u00a0Dh10<\/strong>\u00a0million, if non-real estate assets account for at least 60 per cent of the total.\u00a0Investors can bring spouses and children into the country.
\nThe amount invested shall be wholly owned by the investor and not loaned, and should be proven by supporting documents. There should be an investment retention for at least three years.<\/p>\n

The long-term visa could also be extended to include business partners, provided that each partner contributes Dh10 million, the spouse and the children, as well as one executive director and one advisor.<\/p>\n

The rule allows investors to enter the country for a six-month period, multiple entry, to apply for the long-term visa requirements.
\nSteps<\/strong>
\nThe property owner initially has to approach the\u00a0Dubai Land Department\u00a0along with original passport, original title deed, NOC from the developer and copy of current visa page (if any).<\/p>\n

Based on the letter issued by the Dubai Land Department, you need to thereafter approach the Dubai Police for issuance of\u00a0Certificate of Good Conduct<\/p>\n

and later to the Dubai\u00a0Economic Department\u00a0along with the relevant documents and apply for an investor licence.<\/p>\n

Once the investor license is issued by the Dubai Economic Department, you can approach the\u00a0GDRFA\u00a0to apply for residence visa in the UAE with aforesaid documents.<\/p>\n

+ Once you obtain your residence visa, you are entitled to apply for\u00a0residence visa for your family\u00a0under your sponsorship in the UAE.<\/p>\n

Two year<\/strong>\u00a0Multiple-entry Visa<\/strong>\u00a0will be issued for expatriate property owners, who meet the eligibility criteria.<\/p>\n

+\u00a0<\/strong>This Visa can be renewed, but the investor must remain out of the UAE for at least one month.<\/p>\n

Dependents’ Visa:\u00a0\u00a0<\/strong>Property visa holder can sponsor his dependents on\u00a0residence visa.
\n
\n<\/strong>+\u00a0<\/strong>The maximum permitted stay at once is six months.
\n+\u00a0<\/strong>Visa\u00a0Fee:\u00a0Dh 13000<\/strong>\u00a0(Approx)<\/p>\n

+\u00a0The investors will need to meet a set of requirements:<\/p>\n


\n<\/strong>Property Worth:<\/strong>\u00a0The property should be worth at least Dh1 million.<\/p>\n

+\u00a0It should be ready for the investor to move in.<\/p>\n


\n<\/strong>Monthly income:\u00a0<\/strong>It should be wholly owned by the investor and the investor must have a monthly income no less than\u00a0Dh10,000<\/strong>\u00a0or equivalent in foreign currencies.<\/p>\n

+\u00a0The apartment or villa must be comfortable to accommodate the family of the investor.<\/p>\n

+\u00a0The investor is required to obtain the title of the property from the registration authority in the respective emirate, before he could be granted the visa.<\/p>\n

How to apply:<\/strong>\u00a0You should approach Land Department with all the supporting documents.<\/p>\n

Documents Required:\u00a0<\/strong>
\n+\u00a0Title Deed of the property<\/p>\n

+\u00a0Police Clearance Certificate<\/p>\n

+\u00a0Passport copy & Photo<\/p>\n

Time:<\/strong>\u00a0Visa approval will take three weeks<\/p>\n


\nAddress:\u00a0<\/strong>
\nDubai Land Department<\/strong>
\nBniyas Road, Deira, Dubai
\nTel. +971-600-555556<\/p>\n

Rental Dispute Center:\u00a08004488<\/strong><\/p>\n

Timing: Sunday to Thursday from 7:30 am until 2:30 pm<\/p>\n

Property Visa in other Emirates\u00a0<\/strong>
\nMulti-entry residence visa for property owners is renewable every six months and valid for properties in any emirate.
\n
\n<\/strong>What is the difference between the residence permit and the residence visa?<\/strong><\/p>\n

The residence permit and visa for property owners grants temporary residency to qualified investors and their dependents on the basis of property ownership. The principal difference between the two is that the residence permit for property owners is renewable every two years for properties purchased in Dubai, while the multi-entry residence visa for property owners is renewable every six months and valid for properties in any emirate.<\/p>\n

Mandatory minimum investment threshold<\/strong><\/p>\n

To be eligible for either the residence permit or visa, properties must be valued at more than Dh1 million. Mortgages are allowable for the residence permit, but if the property is mortgaged a minimum 50 per cent of its original price must be paid off, or Dh1 million must be paid off if the property\u2019s value is more than Dh2 million.<\/p>\n

Investment criteria<\/strong><\/p>\n

The investment property must be in a freehold area and entirely owned by the investor, with the title deed issued in the name of the applicant. Lease-to-own deeds are not accepted. Additionally, the property must be ready for the investor to move in and its size must be proportionate to the number of family members occupying it (if applicable).\u00a0If the property is owned by more than one investor, the shared value must be more than Dh1 million, or a legalised marriage certificate has to be provided if the investors are married.\u00a0<\/u>Verification of the investment requirement is undertaken at the Dubai Land Department for the residence permit and the relevant immigration authority for the residence visa. Furthermore, there is a minimum monthly income requirement of\u00a0Dh10,000<\/strong>\u00a0or equivalent in a foreign currency. The investor\u2019s income source may derive from inside or outside of the UAE.<\/p>\n

Documents required<\/strong><\/p>\n

The standard documentation required to obtain either the residence permit or visa includes copies of passports and current visas, passport photos,\u00a0police clearance certificates, title deeds,\u00a0legalised marriage certificates, attested bank statements, proof of\u00a0health insurance\u00a0for applicants and dependents, and a Dewa bill. Both the Dubai Land Department and the relevant immigration authority can request additional documentation.<\/p>\n

Points to note:<\/strong><\/p>\n

Important factors to take into account include the following:<\/p>\n

\u2022 Spouses and dependents\u00a0are subject to fulfilling the\u00a0dependents\u2019 sponsorship\u00a0criteria.<\/p>\n

\u2022 Sponsorship of\u00a0domestic workers\u00a0is allowable under the residence permit. However, under the residence visa, sponsorship of domestic workers is subject to approval from the relevant immigration authority.<\/p>\n

\u2022\u00a0In-country medical examination\u00a0is required for investors applying for the residence permit.<\/p>\n

\u2022 Neither the residence permit nor the residence visa status leads to citizenship.<\/p>\n

\u2022 Holders of the residence permit or the residence visa are prohibited from working.<\/p>\n

\u2022 There is no maximum period of stay for both the residence permit and the residence visa. However, residence permit holders should not stay outside of the UAE for more than six consecutive months.<\/p>\n

\u2022\u00a0The Department of Economic Development issues an investor\u2019s license for every permit granted. The license is valid for four years and renewable thereafter.<\/u><\/p>\n

How much does it cost?<\/strong><\/p>\n

The residence permit costs about\u00a0Dh13,000\u00a0<\/strong>in government fees. If the investor sponsors dependents, there is an additional\u00a0Dh3,000<\/strong>\u00a0deposit per dependent. Estimated government fees for the residence visa are approximately\u00a0Dh2,300<\/strong>\u00a0per applicant, which is the same for each dependent, due every six months.<\/p>\n

Can I secure life-long residency in the UAE if I buy a property?<\/strong><\/p>\n

It is not possible for any non-GCC national to get lifelong residency in the UAE, even if they purchase property. While it can be possible for an expat to obtain a residency visa based on property ownership, the rules are very strict and the visas are valid for either six months or two years only. There is no guarantee that anyone buying a property will be granted a visa and they do not permit a person to undertake any form of employment in the UAE.<\/p>\n

To make an application, the property must have a purchase price of a minimum of Dh1 million and the outstanding mortgage must be no more than 50 per cent. The applicant must have an income of at least Dh10,000 per month from a verifiable source, but this cannot be not from employment in the UAE. Any application must be made to Dubai Economy and the Dubai Land Department for consideration with visas granted on a case-by-case by case basis – approval is by no means automatic. Visas are issued for up to two years under the current rules. In accordance with standard Dubai rules, applicants must undergo a medical examination and organise their own Dubai Health Authority compliant medical insurance. I would reiterate that a property related visa does not permit an individual to work in the UAE, only to reside here, so if they take up employment the property visa must be cancelled with immediate effect and there is no guarantee that any application will be approved or renewed.(TN)<\/p>\n

————————————————————————————————<\/p>\n

Can the title deed under my wife’s name be used as a valid document to apply for her visa?<\/strong>
\nMy wife and I have been living in the UAE for around four years under our own respective employment visas. Her employment tenure at her current company will come to an end soon and I will be sponsoring her visa.<\/p>\n

My salary is above Dh15,000 per month and we have a UAE-attested marriage certificate. Recently, we purchased a one-bedroom apartment under my wife’s name. As she is the owner, we don’t have any Ejari or contractual agreement. We now want to live in our apartment. Please advise weather I can sponsor her visa without an Ejari. Can the title deed under her name be used as a valid document to apply for her visa?<\/p>\n

Pursuant to your queries, you may consider one of the below mentioned options to comply with the requirements to sponsor the residence visa of your wife:<\/p>\n

a) You may provide the title deed of the property owned by your wife, affection plan of this property and copy of your legalised marriage certificate, along with other documents to the General Directorate of Residency and Foreigners Affairs in Dubai (the ‘DNRD’), seeking the approval of the DNRD for residence visa of your wife. Further, it is recommended that your wife submits a letter to the DNRD, stating that she has no objection as the owner of the apartment allowing her husband to reside with her in the apartment; or<\/p>\n

b) If you intend to apply for residence visa for your wife under your sponsorship, your wife could rent her apartment to you, and upon obtaining an Ejari tenancy contract, you may comply with this particular requirement of the DNRD to sponsor the visa of your wife; or<\/p>\n

c) Your wife may obtain a residence visa against the property she owns. Individuals who have purchased a property for a minimum value of Dh1 million are entitled to apply for residence visa in the UAE, provided such a property has been completed and handed over to its owner by the developer. Such a visa is valid for two years. The property owner initially has to approach the Dubai Land Department along with original passport, original title deed, NOC from the developer and copy of current visa page (if any). Based on the letter issued by the Dubai Land Department, your wife needs to thereafter approach the Dubai Police for issuance of certificate of good conduct and later to the Dubai Economic Department along with the relevant documents and apply for an investor licence. Once the investor license is issued by the Dubai Economic Department, your wife can approach the DNRD to apply for residence visa in the UAE with aforesaid documents.<\/p>\n

\u00a0THE LAW<\/strong>
\nIndividuals who have purchased a property for a minimum value of Dh1 million are entitled to apply for residence visa in the UAE, provided such a property has been completed and handed over to its owner by the developer. (KT)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Buy Dubai house, get free trade licence Emaar in partnership with the\u00a0Dubai Multi Commodities Centre\u00a0has launched almost 200 units in an under-construction building in Dubai Hills Estate. Those who pay 20 per cent of the apartment price at Executive Residences will receive a free three-year renewable business licence (estimated to be worth Dh130,000), a free …<\/p>\n

Freehold property visa in Dubai<\/span> Read More »<\/a><\/p>\n","protected":false},"author":1,"featured_media":1458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/posts\/1457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/comments?post=1457"}],"version-history":[{"count":1,"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/posts\/1457\/revisions"}],"predecessor-version":[{"id":1459,"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/posts\/1457\/revisions\/1459"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/media\/1458"}],"wp:attachment":[{"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/media?parent=1457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/categories?post=1457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arabfirst.ae\/index.php\/wp-json\/wp\/v2\/tags?post=1457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}