What visa options do I have if I buy a property in UAE?

According to my research, the value and type of property purchased in the United Arab Emirates or UAE determine which visa alternatives are available to foreign investors. 

What are the visa options available?

• ✅Golden Visa Investors

This visa can be renewed for up to 10 further years. It necessitates putting down at least AED 2 million in cash for a mortgage free investment in one or more houses. This visa2 allows you to sponsor your spouse and any minor children.

• ✅Golden Visa Retired

This visa can be renewed for up to five further years. It necessitates putting down at least AED 1 million in cash for a mortgage free investment in one or more houses. You also need to have AED 1 million on deposit in any of the local banks for at least three years and be 55 or older. This visa2 allows you to sponsor your spouse and any minor children.

• ✅Visa Investors 

This visa can be extended for up to two more years. To qualify, you need to put down a minimum of AED 750,000 (or its equivalent in other currencies) on a mortgage-free property or properties. With this visa, you can apply for residency for your family members. 

• ✅Residency Visa Valid for Six Months

This visa can be renewed twice for an additional six months. It necessitates putting down at least AED 1 million in cash for a mortgage-free investment in one or more houses. This visa does not allow you to sponsor other people. 

What are the Required Documents for it?

• Depending on the type of visa status modification you seek, you may be required to submit additional documentation. The following documents is required:-
• The original and a copy of your valid passport; your Emirates ID; proof of employment eligibility; and your health card, if appropriate.
• Marriage certificate (to add or remove dependents) and a letter of no objection from your present sponsor
• Different paperwork may be required from you in order to modify your visa status, depending on your individual situation.

 

What are the Fees Involved?

• The fees to change your UAE visa will vary depending on the specifics of your request and the visa's sponsor. There may be more expenses, such as those related to visa applications, Emirates ID cards, medical exams, typing, and exit permits. Remember that your visa status adjustment expenses may vary depending on the specifics of your case and the type of change you're making.

How much duration does it take?

• Depending on the complexity of your request and the visa's sponsor, updating your visa status in the United Arab Emirates can take anywhere from a few days to several weeks. However, the process typically takes between 4-6 weeks from the time of submission to acceptance. 
• The time it takes to adjust to a new environment will vary depending on the specifics of your scenario and the type of adjustment you're making. If you go to the UAE's  Visa status, you won't have any problems completing this process. 
• There are many institutions available for guidance like a visa medical examination centre is available for your assistance. 

 Conclusion:-I hope this information about visas for UAE property investors is useful to you. The Dubai  for Identity and Citizenship both have official websites where you can get additional details and for easy information than the visa medical examination centre for visa can help you for it.