This service allows an investor to apply for a 3-year residency visa where the value of the residential unit equals or exceeds AED 1 million at the time of purchase.
N/A, submit request through Dubai Rest App
The request can be submitted through the Dubai Rest app by filling in Title Deed information
The property must be a residential apartment or villa, hotel, office, shop, any property in the freehold area, an usufruct, or a lease ending in ownership with a title deed issued by DLD
The value of the investment in the property should be equal to or over AED 1 million; it can be valuted if the property was purchased in the past
If the property is mortgaged, the paid value must not be less than 50% of the value, or AED 1 million if the property's value exceeds two million.
The property must be transferred to the investor through purshase, grant or inheritance.
If the property is a villa and has a land ownership title deed, a DEWA invoice issued by DEWA must be provided, or an Ejari contract certificate for a villa, or a map, or a sale contract from the developer proving that it is a villa.
Spouses shall be treated as one share if the property has a purchasing value equal to or over AED 1 million, given it is co-owned with 50% ownership each, with the provision of a marriage contract certified by the UAE Ministry of Foreign Affairs in Arabic.
If a person is not available after applying for a residency permit, a power of attorney may be given to another person, provided that the clause of the residence procedures for the General Directorate of Residency and Foreigners Affairs is mentioned.
NOC from the bank to obtain residency permits if the property is mortgaged
AED 15,882 service fees to investors (inclusive of all entities' charges)
Step 1: Submit the application via the Dubai Rest app
Step 2: The customer is contacted if the request is approved in order to complete the procedure
Step 3: the customer attends to pay the fees, conduct a medical examination, and print the visa on the passport