There are two types of visas available to property owners in Dubai:
The 6-month multi-entry
Conditions:
- The property must worth more than AED1 million.
- Properties with multiple owners must cost AED1 million per shareholder.
- The property must be finished and suitable to live in at the time of the sale.
- The visa must be renewed every 6 months.
- It is considered to be a visit visa, so neither the individual cannot work in the UAE, nor his dependents.
Costs:
- 1,100AED renewal fee every 6 months.
Sponsorships
- Sponsorships for family members are available within this option. They cost 250AED and must be renewed every 6 months.
The 2 years residency
Conditions:
- The property must be worth more than AED1 million for one property owner.
- Properties with multiple owners must cost AED1 million per shareholder.
- The property must be finished and suitable to live in.
- No mortgages allowed.
- Must be renewed every 6 months. (must re enter every 6 months min)
- Is considered to be a visit visa, so the individual cannot work in the UAE, and neither can his dependants.
- A monthly income of 10,000AED or more to be paid to the owner’s account.
Costs:
- Property visa fee of 1,100AED and an administration fee of 400AED.
- Investor trade license for 2,000AED.
Sponsorships:
- The property owner with an investment visa can sponsor their family members at a cost of 6,000AED per member.
- Maids cannot be sponsored in this case.
Required documents
The following documents are required to obtain a visa through property ownership:
- Title Deed
- Contract of sale and purchase
- Passport copy
- Current visa copy (tourist or visit)
- 6 photographs (passport size)
data from propertyfinder.ae