Securing Your Dubai Residence Visa as a Property Owner
Introduction
Dubai is a popular destination for investors and expats looking to live and work in the UAE. Holding property in Dubai can be a lucrative investment, but it also provides homeowners the opportunity to secure a resident visa. In this post, we’ll explore how to secure a Dubai residence visa as a property owner and the requirements needed to obtain one.
Why Get a Dubai Residence Visa?
Obtaining a residence visa allows homeowners to stay in Dubai for a more extended period without needing to leave the country multiple times. A residence visa also provides access to healthcare facilities, the ability to open a bank account, and to register for utilities under the applicant’s name.
Types of Dubai Residence Visas
There are various types of residence visas available in Dubai, with the most common being property owner visas, employment visas, and dependent visas.
How to Secure a Dubai Residence Visa as a Property Owner
To obtain a Dubai residence visa as a property owner, you must submit an application to the Dubai Land Department (DLD) via the approved application channels such as the Amer centers or the approved Typing Centers. The land registry will verify your property ownership and confirm that you meet the eligibility criteria.
To be eligible, you must have a clear criminal record, have a valid health insurance policy that is compliant with Dubai Health Authority requirements and have a substantial income that can support you while residing in Dubai.
Documents Required to Secure a Dubai Residence Visa as a Property Owner
To secure a Dubai residence visa as a property owner, the following documents are required:
– Passport copy for each applicant
– Passport-sized photographs for each applicant
– Copy of the title deed
– Copy of the recent utility bill for the property
– Proof of health insurance
Visa Renewal Process
The Dubai residence visa is valid for three years and after that period, the visa must be renewed. If the property owner wants to continue living in Dubai, they must submit an immigration application for the visa renewal.
The Cost of a Dubai Residence Visa
The cost of obtaining a Dubai residence visa as a property owner is AED 3,000, which includes the visa application fee and the resident visa issuance fee. The cost of visa renewal is AED 670 to renew the visa for another three years.
Can Property Investors Leverage the Dubai Residence Visa?
A Dubai residence visa secured through owning property can be used to navigate the ever-evolving real estate market. Investors can use the visa to take advantage of investment opportunities, gain access to off-plan investments, and attend property auctions and real estate expo events.
Conclusion
Securing a Dubai residence visa as a property owner involves meeting some specific criteria and submitting essential documents. To ensure that the process runs smoothly, it is advisable to hire a professional and experienced company that provides visa assistance services.
FAQs
What is the validity of a Dubai Residence Visa?
The Dubai residence visa is valid for three years and after that period, the visa must be renewed.Can I work in Dubai with a residence visa as a property owner?
No, you cannot work in Dubai with a residence visa as a property owner. To work in Dubai, you will need to obtain an employment visa.Is health insurance required to apply for a Dubai residence visa?
Yes, health insurance is mandatory to secure a Dubai residence visa.Is the visa cost the same for all nationalities?
Yes, the visa cost is the same for all nationalities residing in Dubai.Can I purchase any property to be eligible for a residence visa?
Not all properties in Dubai are eligible for a residence visa. The property must be registered with the Dubai Land Department and meet specific criteria to be eligible for a Dubai residence visa application.