In 2024, three types of resident visas are available for property buyers in Dubai: 2-year visa, 10-year Golden Visa and Pension Visa. Each of these has different features and conditions for obtaining them.
The 2-year visa can be extended, but it is subject to the ‘six-month rule’ - you cannot be absent from the country for more than six months. To obtain this visa, you must purchase property in Dubai for an amount of at least $205,000. This can be a single property, or several, totalling this amount.
10-year ‘UAE Golden Visa’ allows you to leave the country for any period of time. To obtain it requires an investment of at least $545,000 in property. It can be any property: a villa or apartments, ready-made housing or an object under construction (off-plan).
Pension visa is intended for persons over 55 years of age. It is issued for 5 years and requires the purchase of property worth more than $275,000.
Features of the mortgage
An interesting feature is the possibility of obtaining a visa when buying a property with a mortgage. It is important that at the time of applying for a visa, the amount of money paid meets the necessary requirements: $205,000, $275,000 or $545,000. It is possible to take out a mortgage for a larger amount and apply for a visa once the required repayments have been reached.
Application process
Regardless of the type of property - villa or apartment, ready-made or off-plan - we recommend that you start by determining your budget and requirements for your future home. You can then seek advice on property selection and document preparation. Different situations may require different documents not only from you, but also from third party organisations. For example, for a mortgage, documents from the bank are required, and when buying off-plan and filling out an application for a resident visa, documents from the property developer are required.
Thus, a visa when buying property in Dubai becomes available if the necessary conditions are met and the documents are prepared correctly. This is a great way to provide yourself and your family a stable and comfortable living in one of the most dynamic cities in the world.
