It should be noted that in the UAE there is no concept of "permanent residence" (PRM) and "residence permit" (RR). Anyone moving to the UAE is required to obtain a residency visa which grants residency status and the right to reside permanently in the country. These visas are long-term and can be renewed without limitation, provided that the applicant meets the requirements for their issuance.
Therefore, the UAE resident visa implies the same as the familiar European residence permit.
Period of validity of the visa for real estate depends on the value of your apartment or villa. Thanks to innovations in legislation, since the end of 2022 there are only two types of visa for real estate for foreigners:
- A two-year visa for the purchase of real estate priced from 750,000 AED;
- Golden visa valid for 10 years for the purchase of real estate worth more than 2 million AED.
These types of visas can also be applied for in case of mortgage purchase, but in this case several conditions must be fulfilled. Both visas can be extended an unlimited number of times.
In the UAE there is no concept of "permanent residence" (PML) and "residence permit" (residence permit). Anyone moving to the UAE must apply for a residency visa, which grants residency status and the right to reside permanently in the country. These visas are long-term and can be renewed without limitation, provided that the applicant meets the requirements for their issuance.
Purchasing square meters on a mortgage in the UAE also allows you to apply for a long-term visa. For this purpose, it is necessary to pay for the apartment or villa in the UAE the minimum amount of your own money required.
- By the day of applying for a visa must be paid at least 50% of the loan amount;
- The amount of funds must be at least AED 750,000.
If you follow these conditions, you can apply for a 2-year visa. Before you take out a mortgage, make sure that the bank is approved by the government authorities. In order to apply for a visa, take a statement from the bank about the issued loan.
These types of visas can also be applied for in case of mortgage purchase, but in this case several conditions must be fulfilled. Both visas can be extended an unlimited number of times.
In the UAE there is no concept of "permanent residence" (PML) and "residence permit" (residence permit). Anyone moving to the UAE must apply for a residency visa, which grants residency status and the right to reside permanently in the country. These visas are long-term and can be renewed without limitation, provided that the applicant meets the requirements for their issuance.
Purchasing square meters on a mortgage in the UAE also allows you to apply for a long-term visa. For this purpose, it is necessary to pay for the apartment or villa in the UAE the minimum amount of your own money required.
- By the day of applying for a visa must be paid at least 50% of the loan amount;
- The amount of funds must be at least AED 750,000.
If you follow these conditions, you can apply for a 2-year visa. Before you take out a mortgage, make sure that the bank is approved by the government authorities. In order to apply for a visa, take a statement from the bank about the issued loan.
Documents for residence permits
Below are the main documents that will be required for Russians or other foreigners planning to move to the UAE by investing in real estate:
- Several color photos for the visa;
- A copy of your passport;
- Police certificate of cleanliness;
- Evidence of ownership or an agreement to purchase a property under construction;
- Health insurance and certificate of medical examination;
- Statement on filing for Emirates ID;
- Certificate of marriage, notarized, if the property is registered in the name of the spouses.
If you plan to apply for a residence permit for dependents (children, parents, etc.) in the future, their documents will also be required. You will also need to provide some additional documents, including a valid Emirates ID. For example, to apply for a visa for a newborn baby, you will be asked to write a special application.
Getting a residence permit in Dubai with the purchase of a home is a great solution for Russians in 2023. Firstly, they are issued for up to 2 years, which can subsequently be extended an unlimited number of times. Secondly, in Dubai and in the UAE as a whole created a good environment for work and business, and, most pleasantly, the complete absence of taxes. Thirdly, the UAE and Dubai have a neutral political position, do not engage in international conflicts and are always ready to accept Russian citizens.
Obtaining a residence permit, or rather, long-term resident status is the most suitable option for foreigners. Having such a visa, you can live in the Emirates for many years and not worry about the registration of local citizenship. Especially considering that it is quite difficult to obtain citizenship for foreigners.
Ways of obtaining UAE citizenship:
- If one of the parents is a UAE citizen or the child's parents are unknown.
- If you are the wife of a UAE citizen. A woman can apply for citizenship after 7 years of marriage.
- Citizenship by naturalization. Residents of the Emirates for more than 30 years can apply for citizenship. Arab nationals are eligible to apply for citizenship after 7 years of residency in the UAE.
- For special services to the Emirates - for outstanding contribution to the development of the country. In this way, outstanding doctors, scientists, inventors, etc. can get citizenship. Also citizenship can be given for the contribution to the economy of the country - for investments in especially large amounts, in addition to the purchase of real estate.
