Obtainment of the UAE 5-Year Investor Visa

General Information

Major advantages of a residence visa:

enables to live in the country;
enables to become a tax resident (subject to additional conditions);
enables to open a bank account;
enables to rent property under an official contract;
enables to connect mobile services;
enables to obtain a driving licence.

The UAE real estate owners are eligible for 2 kinds of residence visas:

3-year visa for owners of real estate worth over AED 1 million (appr. USD 272 200).
5-year visa for owners of real estate worth over AED 5 million (appr. USD 1 361 000).

The UAE real estate owners are eligible for 2 kinds of residence visas:

3-year visa for owners of real estate worth over AED 1 million (appr. USD 272 200).
5-year visa for owners of real estate worth over AED 5 million (appr. USD 1 361 000).

This
category of a residence visa was introduced in 2019.

Compared to a 3-year visa for investment in real estate, this type of visa is cheaper (in terms of government fees), faster and easier to get, but has higher requirements for the qualifying property.

Requirements to Obtain a Visa

amount of investment in real estate – from AED 5 million (appr. USD 1 361 000);
for the purpose of visa application, it is important what purchase value of the property is indicated in the title deed; upward or downward fluctuations of the property’s market value are irrelevant for the issue of a residence visa;
investments in several properties (no more than three) are allowed, in this case their total value is taken into account;
in the case of joint ownership where the owners are not spouses, the value of the applicant’s share is taken into account;
in the case of joint ownership by spouses, the total value of the property is taken into account. One of the spouses will be the main applicant, i.e. the investor, and the other can apply as family member. If each spouse’s share is over AED 5 million, then both can apply for an investor visa;
the property must be ready-to-move-in;
the property must be fully owned by the investor;
Both residential and commercial property is permitted;
no encumbrances on real estate are allowed; if the property was purchased with borrowed funds, all loans must be repaid by the time of applying for a residence visa;
property can be rented out.
Investors over 60 years of age need additional permission to obtain a residence visa.

Visa Specifics

validity period of a residence visa is 5 years. Upon expiry, a residence visa can be renewed for another period;
it is necessary to retain the investment during at least 3 years;
this category of visa gives no right of work in the UAE. Investor’s family members can work, provided the employer sponsors their work visa (thus the status of a residence visa will change);
to maintain a residence visa, an investor must enter the country at least once a year. Family members holding visas must visit once every 180 days.

Visa Obtainment Procedure

The entire visa application is handled by the Land Department. On receipt of a residence visa, the investor can apply for residence visas for his family members.

Documents to Be Submitted

title deed;
passport, current visa;
2 photos (‘passport’ size, against white background);
health insurance;
marriage certificate if the property is jointly owned by spouses.

Visa Obtainment Period

2 weeks

Price 5 510 AED

The cost of obtaining an investor residence visa includes:

Preparing, executing and agreeing the necessary documentation with the migration authority.
Accompanying the client to a medical clinic for medical examination.
Accompanying the client to the Federal Migration Service for fingerprinting and biometrics.
Submitting to the migration authority documents for issuing and stamping a visa.
Filing an application for and obtaining a residence card.
Selecting an insurance company for medical insurance (if required).
Transport expenses.

*Government fees (Entry Permit, Medical Fitness Report & Emirates ID, Visa Stamping on the Passport) are not included in this price.

The cost of obtaining a residence visa for the investor’s family member (per family member) is equality AED 4 775 and includes:

Preparing, executing and agreeing the necessary documentation with the authorities.
Accompanying the applicant to a medical clinic for medical examination.
Accompanying the applicant to the Federal Migration Service for biometrics.
Submitting to the migration authority documents for issuing a visa.
Filing an application for and obtaining a residence card.
Selecting an insurance company for getting health insurance.

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