Investment of a minimum of Dh750000 in Dubai property can help you in Visa. The Visa offer applies to freehold residential properties.
Three year visa in Dubai:
According to the Dubai Land Department’s website report. The minimum financial condition to apply for a three-year visa through Investment in Dubai’s rising residential property market came down to Dh750000 from Dh1 million. Investment of a minimum of Dh750000 in Dubai property can help you in Visa.
Visa Facility in Dubai:
The visa facility, open through DLD’s Taskeen Programme. It allows a person who owns assets valued at Dh750,000 or more at the time of getting to apply for a three-year renewable residency visa with a plan for sponsoring the wife or husband.
Consultants in Dubai:
Consultants said lowering the property level would give an added incentive to Dubai’s real estate market. Exceptional rebound and rising global investor appeal on the cusp of the biggest international event in the region. Expo 2020 Dubai, opening on October 1.
In August 2021, 55 per cent of all businesses transactions were for small/ready properties. And 45 per cent were for off-plan properties. According to a residency law specialist, documents required for applying for this type of Visa include the investor’s passport. You also need automated copy of the title deed certificate.
The applicant must have a home with a minimum value of Dh750,000. If the Property is a mortgage, 50 per cent of the property value or at the smallest Dh750,000 is to be given to the bank. A non-objection letter in Arabic and a mortgage bank account will be needed to proceed with the visa application.
Sharing Property in Dubai:
According to the sources from the website, the couple can share one Property, and an give marriage certificate. If a third party applies on behalf of the investor, power of attorney is must. In addition, a no-objection letter from the father, given by the notary public (if the mother is the sponsor), is must for obtaining children’s visas.
Investors in a jointly-held property can apply if each individual’s share is worth at least Dh750,000, said the specialist.
The Property must be in private residential property and not in business properties. The visa offer applies to private freehold properties only, and it is not likely to apply for this Visa with an off-plan property. The visa time varies between three to five years and keep as high as the investor owns property.