Property purchase terms. A UAE residence permit is available for real estate purchase. The Golden Visa Program offers two types of visas:
for 2 years if the investment property costs AED 750,000;
for 10 years if the minimum investment is AED 2 million.
Investors buy property in the Freehold Zones. In both cases, the property can be purchased with a mortgage. The minimum down payment is 20% for a 10-year residence permit and 50% for a 2-year visa.
The current rules allow applicants for a 10-year Golden Visa to purchase real estate at any stage of construction. A 2-year visa can be obtained only for buying finished properties.
If an investment property for a 2-year visa is registered for spouses, its minimum value increases to AED 1 million.
The key requirements for applicants are the following:
be over 18 years old;
be able to prove the legality of the income;
have no criminal record;
have no socially dangerous diseases.
With a 10-year visa, an investor can bring family members to the UAE: a spouse, unmarried sons under 25, and unmarried daughters of any age. With a 2-year visa, only a spouse and children under 18 can be included in the application.
The UAE Golden Visa is typically issued in 2 months. After the necessary documents are submitted with an application, investors get a 6-month visa to come to the UAE. This allows foreigners to choose and buy property, pass a medical checkup and apply for a Golden Visa. The application consideration takes 5—7 days.
Living in the UAE has plenty of benefits, from high-quality healthcare and education to business opportunities and tax optimisation.
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