No minimum investment for Dubai property visa; cost, how to apply

Dubai has recently updated its two-year property visa requirements, easing the eligibility to receive one. This residency allows you to live in the city and benefit from a highly developed living and investment environment, with a streamlined and efficient application process.

Now, the minimum property value requirement of Dh750,000 has been scrapped for individual investors, meaning there is no minimum investment requirement for them to obtain a visa.

However, if more than one person jointly owns the property, each investor must hold a share worth at least Dh400,000 to be eligible to apply for the residency visa, even if ownership is split equally.

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Here is everything you need to know to obtain the visa:

Eligibility

Single property owner

If you are the sole owner of a property in Dubai, you can apply for the 2-year residence visa with no minimum property value requirement.

Multiple property owners

If the property is jointly owned, each owner must hold a minimum share of Dh400,000 to be eligible

Documents needed

To sponsor a family in Dubai, you must provide the following papers with your application:

• Title deed of a property in Dubai (properties issued from other Emirates or from DIFC are not accepted)

• Liability / No Objection Certificate (NOC) from the bank (if the property is mortgaged) or a payment statement from the developer (if the property is developer-financed)

• A clear passport copy (Passport valid more than 6 months).

• Old Emirates ID (If applicable).

• A high-quality applicant digital photo that matches the ICP specifications

• Health insurance (from any insurance company in UAE)

• Dubai Police issued a certificate of good conduct and behavior addressed to the Dubai Land Department (for residents, use the Dubai Police mobile app; for non-residents, please visit the Dubai Police station in Port Rashid).

• Applicants from the following countries Must Bring their National ID: Iran, Pakistan, Iraq, Libya, Afghanistan

Cost

New property investor visa: Dh10,545

Property investor visa renewal: Dh8,215

Property investor visa cancellation: Dh1,239

How to apply

Applying for the visa is fairly easy. Applicants just need to visit the official webite (https://dldcube.com/en/investor-new-applications-for-2-years/) and follow the steps below:

1. Read and accept the terms and conditions

2. Select whether or not the applicant is living in the UAE

3. Upload documents and fill out the applications

4. Sumbit application and complete payment