This type of visa allows you to live, work, study, open a bank account in the UAE for a period of 2 years as well as sponsor your family:
- Spouse and children can be sponsored for 2 years
- Parents can be sponsored for 1 year
Property investor visa is renewable as long as you adhere to the following requirements:
- Own one or multiple properties in the UAE worth at least AED 750,000 in total
- If the property is completed and not under construction, a payment statement with proof of payment for 50% of the entire property value, or AED 375,000, is required.
- If the property is mortgaged, a NOC from the bank / developer is required, along with the property mortgage statement, and it must specify the entire paid amount and the remaining amount.
- In case the property joint between Husband & Wife, property share must be equal between both parties. In case the shares are not equal, highest share holder will only allow to apply as primary visa holder then sponsor other party (Spouse).
A scenario when you buy an off-plan property with post-handover payments will work perfectly.
Main visa holder is required to visit Dubai once every 360 days, and his family – every 6 months if sponsored.
Official Source: DLD Cube.
Contact us at Happy Estate to get customized property selections in order to obtain Property Investor Visa.