Obtaining a resident visa in Dubai, also known as "Golden Visa", involves meeting specific requirements. Fortunately, we are here to help you! Every year, many people entrust their visa applications to us, often through real estate investments. We will guide you in your steps.
One of the main conditions for obtaining a Golden Visa, valid for 10 years in Dubai, is the amount of the investment. You must invest at least 2 million dirhams, or about 500,000 euros (sum that can be accumulated on several properties). The visa can be renewed several times as long as you own the property. In addition, you can sponsor your spouse, children and parents.
Having a Dubai Golden Visa offers many advantages that are not available with traditional visas:
- Possibility to reside in the United Arab Emirates for 10 years (renouvelable).
- The ability to maintain the status of your visa without having to visit Dubai every six months.
- the possibility to sponsor your family members (up to a maximum age of 30 for children)
- the possibility of sponsoring your parents.
To apply for Golden Visa in Dubai for 2024, you will need to provide specific documents to complete your application. Please note that these documents must be submitted in person and cannot be sent remotely.
Here is the list of documents required:
- The title or titles of ownership of the property you own. These documents must specify the total purchase price of your property(s)(s).
- A copy of your passport (a scan is required)
- Photographs of identity
- A proof of health insurance, issued by an insurance company based in the Emirates.
- The DLD (Dubai Land Department) can help you with health insurance. Please contact them by e-mail at dld-insutance@dubailand.gov.ae.
On the Dubai Land Department website, you will find detailed information on the costs associated with obtaining a Golden Visa for 2024. The costs are as follows:
- Medical examination - 700 AED
- ID card issuance - 1153 AED
- New visa - AED 2706.75
- DLD fee - 4020 AED
- Administrative charges - AED 1155
The total cost of the Golden Visa in Dubai for 2024 is AED 9,734.75, or approximately EUR 2,500.
Do you want to apply for a Golden Visa in Dubai?
Note: This information is provided for indicative purposes only and should not be considered as legal advice. Please consult a qualified immigration lawyer for personalized advice.
Your application can be submitted here:
- Dubai Land Department
Contact: dld-taskeen@dubailand.gov.ae
- Dubai World Trade Center
In Dubai, it is necessary to register your property with the Dubai Land Department (DLD). This step ensures that your property is legally protected and that your ownership rights are guaranteed. Buyers and sellers must provide certain documents, including a sales contract, a certificate of non-objection and an identity document.
You can borrow up to 80% of the property value, with a minimum deposit of 20% for residents. For non-residents, a deposit of at least 40 to 50 per cent is mandatory. The minimum income requirement varies depending on the bank and the type of property, but a monthly salary of at least AED 15,000 is usually required. Your monthly mortgage payments must not exceed 25% of your monthly income, the specific criteria depending on the bank and your financial profile.
For more information, contact us.
There is no personal income tax or value-added tax on the sale of a property. However, buyers should be aware of additional costs such as property registration fees and transfer fees.
In Dubai, foreign nationals can obtain full ownership in areas designated as "freeholds", making them the absolute owners of the property and the land on which it is located, without a time limit. There are also areas where leasehold rights apply, limiting ownership to 99 years, and which are generally reserved for GCC nationals.
The procedure begins with an inspection of the plans of the property or a visit on site to check the state of the construction of the apartment or villa. Once you have chosen your accommodation, a contract of sale and purchase is signed with the promoter. Most promoters charge reservation fees ranging from 5 to 10%. After the signing of the sales and purchase contract, an initial sales contract, or "oqood", is drawn up, which generally represents 4% of the purchase price. You will then have to make payments until the property is transferred to you.
After choosing a property, and once both parties have agreed on the terms of the sale, they must sign the memorandum of understanding. In general, the real estate agent prepares this document for you. At this stage, a 10% deposit is required as a sign of commitment.
A Non-Objection Certificate (NOC) is also required to verify that all seller payments have been made. Once you have received the title of ownership in your name (delivered by the DLD) and the keys have been handed over to you, the process is completed.
It is essential to have a real estate agent registered with the RERA. This gives you the assurance that you have someone who not only understands your needs, but who is also aware of all legal and commercial subtleties.
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