The United Arab Emirates (UAE) is keen on attracting businessmen and investors from around the world with the aim of increasing the volume of investments and fostering economic development. The country is committed to providing comprehensive support that benefits both itself and all investors. Dubai, being one of the key business hubs and financial centers in the region, grants property investors the opportunity for Investor Residency. This type of residency allows investors to reside in the country for an extended period, ranging from five to ten years. Thanks to the Golden Residency, investors experience a sense of security, stability, and continuity on the country's soil for themselves and their families, ensuring a stable and guaranteed presence.
The categories entitled by the law for a Golden Residency to investors:
In September 2021, a new residency system was announced by the Dubai Land Department. This system allows real estate investors to obtain a long-term, renewable residency subject to the following conditions:
Golden Residency for the real estate investor for a period of 10 years
Purchase one or more properties within the Emirate of Dubai with a value of no less than two million UAE dirhams exclusively.
Purchase one or more properties, that are under construction, off-plan, or fully completed within the Emirate of Dubai
Account statement from the real estate developer, the real estate brokerage company within the Emirate of Dubai, or the original seller showing that payments have been made in the amount of two million UAE dirhams for the property purchased by the investor.
Five-year residence permit for the real estate investor:
Purchase a property for a value of 750,000 UAE Dirhams within the Emirate of Dubai
Spouses who share ownership of one property worth AED 750,000 can also obtain a five-year residence.
One of the key advantages of the Golden Residency in the United Arab Emirates for real estate investors, alongside benefiting from a supportive system, robust infrastructure, and a safe and encouraging environment for investments in all forms, including real estate, is that the holders of the Golden Residency enjoy several special privileges. Here are some features of the Golden Residency for real estate investors in the UAE:
Obtaining a multiple-entry visa for 6 months to complete Golden Residency procedures.
Residency visa for 5 or 10 years, renewable
The ability to stay outside the UAE for a period exceeding 6 months.
No need for a sponsor within the country.
Issuance of residency permits for family members.
No maximum limit on the number of support service workers that can be recruited.
Family members are permitted to stay in the country for the entire duration of their residency, even in the event of the spouse's demise holding the Golden Residency
Real estate investors obtain a Golden Residency for a long-term period, not permanent, however, it should be noted that the Golden Residency can be renewed for the same duration upon its expiration if the necessary conditions are met.
ILS Consultancy team of consultants provides constructive advice and legal consultations to all investors on how to obtain Golden Residency for real estate investors and offers all the necessary services to complete the process.
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