Dubai’s New Investor Visa Rules in Dubai – All You Need to Know
Buying a property in Dubai or anywhere for that matter has become an easy feat as things have become simplified with time. With the sea of investors seen flocking into the neighbourhoods, the property business has been welcoming and performing exceptionally well for the last two decades. This is because of the lineup of benefits one can enjoy as an investor in Dubai. The latest up-gradation of visa rules can see more number of investors looking out for properties for sale in Dubai, bringing in more sales in the year 2022.
GETTING AN INVESTOR VISA
Not every day can a person obtain a golden visa with an overload of benefits. When a person can invest in Dubai real estate for a minimum of AED2 million, they can easily avail of a Golden Visa equivalent to the residential visa but only better. Applying for an investor visa can be done effortlessly in just a few simple steps. From businesses to property holders in Dubai, anybody could hold an investor visa by:
Filling the application- Keeping all the necessary documents handy, one must get their error-free visa application typed out to begin this process. This is submitted to the immigration council, which will be approved sooner if all documents are verified and are good to go.
Change status- Once the application is submitted to the officials, people can go ahead with the change status procedure. This step requires approval from GDRFA in Dubai, which could take a few weeks to accomplish.
Attend medical examination- A mandatory medical assessment is performed, and the results will be delivered immediately as a part of this process.
Get the ID- An Emirates ID must be typed out once the medical process is done. This is provided to ensure the investor’s secure stay in Dubai.
Authenticate the visa process- Getting an authentication of the state’s seal on the investor visa will complete this process. Many authorization centres in Dubai perform this process. The chances of getting rejected are very low unless all the submitted documents are verified appropriately.
THE NEW RULES
Investors purchasing or investing in a property of not less than AED2 Million paid in full are entitled to get a golden residence visa. However, after the updated rules in Dubai, people can also get this special visa when they take loans from certain banks in Dubai. To identify these banks, one can take the help of real estate agents in Dubai. Investors are not restricted to only one property in Dubai to avail of the golden residence visa. When they invest in more than one or two fully built properties or off-plan residences, they are still eligible for this visa,
THE LONG-TERM BENEFITS
The visa holder can sponsor himself and his closest family members residing in Dubai like parents, children and spouse.
Have a secure stay across the emirates and get an easy extension once the visa tenure is nearing the end.
The validity ranges from 3, 5 and 10-year tenure according to the investor’s preference.
Source : https://visaguide.world/golden-visa/dubai-investor-visa/